2019 Spring Cohort

Add-Value is a fund management firm based in San José, Costa Rica, whose main activity is to structure and manage the Small Farmers Climate Adaptation Fund (SMAF). The SMAF will develop and deliver climate adaptation solutions aimed at increasing small farmers resilience to climate change, and at the same time improve their productivity, income generation capacity, and living conditions. The SMAF will work through a group of rural financial organization in seven Latin American countries with a combination of financial support and technical assistance.

Africa’s energy intensity is more than 40% higher than that of the world’s average. This will only increase as Africa builds its industrial capacity. Energy Efficiency measures can help African countries reduce their reliance on expensive and polluting power generation. At Camco we’ve been designing an Energy Efficiency Fund targeted specifically for Africa.

This would be the first ever investment vehicle focused specifically for EE interventions on the continent and it has been designed to overcome the main challenges to energy efficiency in the region. The fund will facilitate the execution of EE interventions primarily by supporting Energy Service Companies (ESCO) in the commercial and industrial space. The ESCOs will selectively upgrade the energy efficiency of customers with upgrading insulation, lighting, and industrial machinery such as compressed air systems, or implementing energy efficient processes amongst other things. Energy efficiency has the benefit of being cheap resource to exploit and has been known to generate high returns. As such we expect the concept to be well received as the benefits can directly be traced onto a P&L.

The Terra Bella Colombia Fund is a one-of-a-kind investment fund in Colombia, run by two women partners with 50 years combined experience on Wall Street and in rural development, where they have worked in more than 28 countries establishing themselves as global leaders in developing sustainable agricultural, forestry and land-use emission reduction programs.  The Fund has a unique focus of investing directly in the production-end of smallholder agricultural value chains in Colombia, to create substantial income growth through investing in smallholder groups that grow crops in and around forest areas, to increase yields and improve post-harvest processing which allows them to capture more of the value chain. The Fund jointly finances scaling sustainable production of crops and forest management to reduce deforestation producing a second income stream of carbon credits that are sellable into Colombia’s new carbon market offering new return opportunities for investors and communities.

Spark+ Africa Fund is a partnership of 12 development finance institutions, foundations, family offices and pension funds to launch the world’s first impact investment fund focused on clean and modern cooking energy solutions in developing markets. With its first close in March 2022 at USD 40 million, and a targeted size of USD 70 million, the fund is investing debt and mezzanine capital in scalable growth-stage companies that manufacture, distribute, and finance life-improving biomass, biogas, ethanol, electric, and LPG-based cooking appliances and fuels to low-income consumers in sub-Saharan Africa. Clean and modern energy solutions for cooking have a range of individual and societal benefits including improved respiratory health, reduced time poverty for women and greater gender equality, reduced greenhouse gas emissions and deforestation, industrial and economic development, and poverty reduction. The fund is managed by Switzerland-based impact investment advisor Enabling Qapital, supported by its technical assistance partner Stichting Modern Cooking, and was promoted by the United Nations Foundation’s Clean Cooking Alliance.

Ambassador of the 2019 Spring Cohort

The aim of Dao Foods International, Inc. is to help entrepreneurs introduce exciting new plant-based meat products in China to reduce the consumer demand for animal agriculture.  China is the largest consumer market in the world with rapidly rising incomes and increasing meat consumption, which if left unaddressed will lead to growing negative environmental, food safety and health impact. In economic terms, there is not enough arable land in China to support the growing need for meat, so alternative sources of protein for the growing middle class will undoubtedly be a growth market.  Through its Dao Foods Venture Fund I, Dao Foods believes that providing capital and supporting talented entrepreneurs who are targeting the 400m millennials in China with new, exciting, and delicious plant-based and clean meat products is a huge business opportunity with massive social impact.