Fund I: Evergreen Fund
Investment Funds | Fund I: Evergreen Fund
Our Foundational Fund
Established in 2015, our Fund I has been a pioneer impact investor in climate and financial resilience across Sub-Saharan Africa, Latin America and Southeast Asia.
We have backed category leaders like:
AgriAku is a technology-based agribusiness that acts as a distribution bridge for farmers, partners, and producers.
Wasoko transforms access to essential goods and services by connecting small shops to the digital economy.
Pula is an agricultural insurance and technology company that provides products to help smallholder farmers.
Fibrazo is a startup that builds and operates fiber optics to connect the barrios in Latin America.
FloodBase is a climate adaptation tech company that provides near real-time flooding and flood risk data and analysis.
Meridia supports companies to identify and mitigate field-data risks across their supply chains
MCV Fund I | Track Record
Established: 2015
Structure: Evergreen
Status: Active (final investments to be made in 2025 & actively harvesting)
64
portfolio companies
9
investments with multiples over 3x
$808M
raised in follow-on
8
exits
136
countries with users globally
80%
follow-on rate
59.9M
customers reached with impactful products and services
45%
portfolio companies with at least 1 woman co-founder
73%
portfolio companies with at least 1 proximate co-founder
Investment Criteria
What we look for
We invest in early-stage companies building the future of our climate resilient systems.
What we offer:
Instrument: Equity
Ticket: $100,000 to $250,000
Post-investment support
Who we fund:
Stage: Pre-seed to Seed
Geography: Based in or clear GTM in Sub Saharan Africa and Latin America
Sectors: AgTech, FinTech, ClimateTech, NatureTech, Natural Capital, Supply Chain Tech
Impact: Alignment with our Climate Adaptation & Resilient Framework
Founding team: Full-time and with relevant experience
Proximity: We want to see founders from and/or with significant experience in the markets they are building
Tech-enabled: Business models
Ambition and vision: To scale across a continent or, ideally, globally
MVP: With early traction
