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Why Rally Cap VC, a fintech investor for emerging markets, is launching a $5M climate fund spinoff
Emerging market fintech-focused fund Rally Cap VC spins off Rally Cap Climate, its climate-focused fund focused on pre-ssed and seed stages.
Last year, Amini, a Kenya-based climate tech startup using data from satellites to offer insights on crop health and track farming progress, announced pre-seed and seed rounds six months apart. While Rally Cap still believes its fintech investment thesis holds long-term and continues providing portfolio support, general partner Hayden Simmons notes that the early-stage firm is now drawn to a certain founder type that climate tech offers: experienced senior executives-turned-founders whose products serve business customers. Others include Circadian, a Nigeria-based energy management software designed for tower operators; Mexican solar financing marketplace Solfium; and U.S.-based electrification infra platform Eli.
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