Persistent
Persistent is a venture capital firm established in 2012 and based in Nairobi, Kenya. The company specializes in investing in and developing businesses in underserved markets, with a particular emphasis on early-to-growth-stage enterprises in sectors such as climate, renewable energy, e-mobility, agricultural technology, solar, and water. Persistent aims to provide operational and strategic support to exceptional entrepreneurs, facilitating access to essential services for low-income households, particularly in sub-Saharan Africa. The firm focuses on initiatives that enhance energy access, enabling customers to benefit from electric light, mobile phone charging, and other basic energy services. Through its venture-building model, Persistent seeks to generate both attractive financial returns and significant social and environmental impact.
Top Stages
Past deals in Kenya
ASOBO
Venture Round in 2019
ASOBO is a Nairobi-based company founded in 2019, specializing in the manufacture of electric outboard engines powered by lithium batteries. The company's primary focus is on providing sustainable e-mobility solutions for fishermen operating on Lake Victoria in East Africa. By offering these electric outboard engines on a full-service basis, ASOBO enables fishers to utilize clean energy, thereby reducing costs and promoting environmentally friendly practices. Through its innovative approach, ASOBO aims to create a sustainable platform for marine transportation in emerging markets.
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