Spark+ was created to catalyze investment in one of the world’s most underappreciated energy challenges with significant social and environmental implications in Africa, Asia, and Latin America: the dirty and unsustainable use of wood, charcoal, and kerosene for cooking.
It is a true "triple bottom line" impact fund, financing profitable and scalable companies tapping into a massive total addressable market for cooking energy solutions and enabling millions of African families to stay safe and healthy and save time and money.
These companies can also produce a range of other social and environmental benefits including protecting forests, enabling greater gender equality, creating industrial and economic development, and decreasing greenhouse gas emissions.
The fund invests debt and mezzanine capital in leading companies throughout the value chains of various cooking fuels including liquified petroleum gas (LPG), biofuels such as ethanol and pellets, electric appliances, and efficient biomass stoves.
Spark+ is the first fund of Luxembourg-based Spark+ General Partner Sàrl, a joint venture between the fund's exclusive advisor, Swiss impact investment advisory firm Enabling Qapital (EQ), and Netherlands-based foundation Stichting Modern Cooking (SMC).
It is a true "triple bottom line" impact fund, financing profitable and scalable companies tapping into a massive total addressable market for cooking energy solutions and enabling millions of African families to stay safe and healthy and save time and money.
These companies can also produce a range of other social and environmental benefits including protecting forests, enabling greater gender equality, creating industrial and economic development, and decreasing greenhouse gas emissions.
The fund invests debt and mezzanine capital in leading companies throughout the value chains of various cooking fuels including liquified petroleum gas (LPG), biofuels such as ethanol and pellets, electric appliances, and efficient biomass stoves.
Spark+ is the first fund of Luxembourg-based Spark+ General Partner Sàrl, a joint venture between the fund's exclusive advisor, Swiss impact investment advisory firm Enabling Qapital (EQ), and Netherlands-based foundation Stichting Modern Cooking (SMC).
Location: Kenya, Nairobi Area, Nairobi
Employees: 11-50
Founded date: 2022
Investors 1
| Date | Name | Website |
| - | Belgian In... | bio-invest... |
Mentions in press and media 6
| Date | Title | Description |
| 12.06.2023 | The Spark+ Africa Fund Provides US $3.5 Million in Carbon Finance to TASC for the Distribution of 90,000 Cookstoves in Zambia | “We are glad to support the extension of the relationship between TASC and BURN, and are confident the targeted households will enjoy the many benefits of these life-improving appliances.” - Xavier Pierluca and Peter George, Co-Investment D... |
| 31.01.2023 | Spark+ Provides Inventory Financing to East African Last-mile Distributor | "This deal is a good example of how the international community’s public and private sector actors can work together to improve access to modern energy for those most in need.” - Rocio Perez-Ochoa, Co-Founder and Chief Executive Office... |
| 13.09.2022 | Spark+ Provides USD 2 Million to Sumac Microfinance Bank to Grow its Clean Cooking Portfolio in Kenya | We are truly delighted to partner with Spark+ as we aggressively push the clean energy agenda in Kenya. - John Njihia, Chief Executive Officer of Sumac LUXEMBOURG (PRWEB) September 13, 2022 Spark+ Africa Fund (“Spark+” or the “Fund”) has pr... |
| 01.06.2022 | Spark+ Invests US $4 Million in BURN to Accelerate Its Multi-Country Expansion Across Africa | A woman in Kenya prepares food with a BURN pressure cooker. "This investment illustrates the role Spark+ intends to play in scaling up growth-stage ventures, and we look forward to supporting BURN as it extends its reach across Africa,... |
| 18.05.2022 | Clean Cooking Alliance Releases 2022 Clean Cooking Industry Snapshot | “Despite the pandemic, the clean cooking sector has proven to be incredibly resilient.” Dymphna van der Lans, CEO of the Clean Cooking Alliance WASHINGTON (PRWEB) May 18, 2022 The Clean Cooking Alliance (CCA) has published the third edition... |
| 16.03.2022 | Spark+ Africa Fund Raises Over $40 Million to Invest in Clean and Modern Cooking Solutions in Africa | “CCA is thrilled to have supported the development of Spark+. We see this launch as a much-needed step toward developing a sustainable and inclusive clean cooking sector.” - Dymphna van der Lans, Chief Executive Officer of CCA LUXEEMBOURG (... |