Our Story
Kenya Climate Ventures is a specialised climate fund manager and climate impact investor, de-risking early- and growth-stage, gender-inclusive climate-smart enterprises. We provide patient, tailored capital and business growth support to help enterprises gain market traction, attract follow-on investment, and deliver sustainable impact across Kenya and the region.
2015
Founded as a Climate Investment Facility
Kenya Climate Ventures Limited (KCV) is established by the World Bank, with funding from Danida and UKaid (now FCDO). It begins as a pilot climate investment facility to support early-stage, gender-inclusive climate-smart enterprises in Kenya.
2016–2019
Pilot Phase & Market Validation
KCV pilots its investment model by de-risking early-stage enterprises through tailored, patient, and affordable capital, combined with business growth support.
✅ The World Bank’s end-of-project evaluation rates KCV’s delivery as highly satisfactory, confirming its strong relevance in Kenya’s early growth-stage investment landscape.
2020 - to date
Building Track Record & Impact
23 investments made into gender-inclusive, climate-smart enterprises
5 successful exits achieved
Over 350 investment applications screened
Revenue reaches KES 103 million
Operationalised a US$ 3.5 million local currency Revolving Risk Capital Facility
2021- to date
Leveraging Capital & Strengthening Sustainability
KCV begins attracting significant follow-on capital and co-financing into its portfolio:
- 💸 Total leveraged: US$ 19.9 million
- 🤝 Co-investors include: Rabo Bank, Equity Bank, OPES-LCEF, Bestseller Foundation, Hooge Raedt Social Ventures, Siemens Foundation, Nordic Impact Funds, Cornerstone Enterprises Ltd, WRI TerraFund
2024/25
KCV licensed as a specialised climate fund manager for its next growth phase
Scaling operations beyond Kenya
Deepening market systems impact
Launching an impact fund
Initiating fundraising for US$ 23–25 million to grow its investment portfolio and regional reach
2029
Vision for Regional Scale
By 2029, KCV aims to scale its model across Africa, driving sustainable impact in rural, peri-urban, and humanitarian markets, while supporting a new generation of gender-inclusive, climate-smart enterprises.
Testmonies
One of the key benefits that OFGEN has reaped from our relation with KCV is the training facility that it has offered to our staff in various key areas. It has also helped us identify areas that we need to work on to improve our business model as well as our daily day to day operations.
KCV is not like any other financier. Their advantage is that besides the financing option, they also give technical support in the form of business advisory which goes a long way into informing the entrepreneur how best they will utilise the funds so as to reap maximum output for the business.
Meeting KCV was the best thing that happened to Mace Foods in the last 17 years. They were able to provide a valuable input in our investment readiness through KCIC. We quickly transitioned received our much need investment funds within a record time. We are now on the great move to growth and prosperity. I would recommend KCV to anyone that has a project that is looking to work, and the attention to detail that will give your business the best chance of success.
We faced a major challenge of obtaining finance to facilitate our operations. KCV then provided a flexible, tailor-made financing facility which enabled us to optimally exploit both human and capital resources and increase our output. We consequently grew from a start up to a scalable growth stage company. KCV also offered much-needed technical support and capacity building.
