Skip to content
    E3 Capital logo

    E3 Capital

    Nairobi, KenyaFounded 2015

    E3 Capital is a Nairobi-based venture capital firm that invests in early-stage African companies enabling a digitised, decentralised, and decarbonised future. It manages the Energy Access Ventures Fund and the E3 Low Carbon Economy Fund I, targeting climate-smart services, digital connectivity, and low-carbon productivity solutions.

    62% of their portfolio is in Climate & Energy. Their most common stage is series-a (50% of deals). Average disclosed round size is $12.7M (across 6 rounds with reported amounts).

    Find people at E3 Capital on Goldilocks AI

    Portfolio

    7

    Fund Size

    $100M

    Top Stage

    Series A

    Last 12 Mo

    0

    Team

    VD

    Vova Dugin

    Managing Partner

    ML

    Melvyn Lubega

    Senior Partner

    UW

    Utari Wanjohi

    Investment Principal

    CM

    Cynthia Mwaura

    Senior Associate

    JW

    Jordan Weya

    Investment Analyst

    FO

    Faith Omwaga

    Team Assistant

    PD

    Parita Dhanani

    Finance & Operations Manager

    PK

    Peter Kivuva

    ESG Officer

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    8 investments
    CompanyRoundAmountDate
    Insight Terra logoInsight TerraSeries A$5.7MJan 2025
    Cutstruct logoCutstructSeedJan 2025
    OOpen Access EnergySeed$750KJan 2025
    YoLa Fresh logoYoLa FreshSeries A$7MMay 2024
    HHohm EnergySeed$8MFeb 2024
    Nuru logoNuruSeries AJan 2018
    Plentify logoPlentifySeries A$15M
    Nuru logoNuruSeries B$40M

    Top Co-Investors

    Techstars1 shared
    Zedcrest Capital1 shared
    Satgana1 shared
    Third Sphere1 shared
    Proparco1 shared
    FMO1 shared
    Factor[e]1 shared
    Sunu Capital1 shared
    Breega1 shared
    To.org1 shared
    E4E Africa1 shared
    4DX Ventures1 shared

    Last updated: 8 September 2026