Equator, a venture capital firm with operations in Kenya and the UK, has closed a $55 million fund to support early-stage climate tech startups across sub-Saharan Africa. It plans to bridge the funding gap for innovative businesses tackling climate-related challenges, offering much-needed capital to scale impactful solutions.

Investors in the fund represent a wide swath of well-established global organizations that will be ideal partners to set Equator's portfolio companies up for long-term success. Early investors ...