Delta40 has made a follow-on investment in Giraffe Bioenergy, a company focused on producing sustainable ethanol fuel from cassava, aiming to address climate issues and empower women in Kenya.

Information on the Target

Delta40 is pleased to announce its follow-on investment in Giraffe Bioenergy, a pioneering company founded by the visionary Dr. Linda Davis. Giraffe Bioenergy is dedicated to producing affordable ethanol cooking fuel from cassava, which thrives in semi-arid land unsuitable for other food crops. The company is committed to addressing climate change, reducing dependency on imports, and empowering women as crucial agents of economic and social change.

Recently, Giraffe Bioenergy successfully obtained an oversubscribed $1.1 million Seed Extension round, following an earlier $675,000 round in 2023. Giraffe has garnered equity investments from notable backers including Delta40, OPES LCF, Livelihood Impact Fund, Gather Ventures, Dunn Family Foundation, 1to4 Family Foundation, Klaff Family Foundation, and various angel investors.

Industry Overview in Kenya

Kenya faces a significant shortfall in the supply of cassava-based products, encompassing flour, animal feed, and ethanol fuel. Currently, a staggering 98% of the country's ethanol cooking fuel is imported, which l