Kenyan-based startup Amini, Corp. has secured $2 million in pre-seed funding in an oversubscribed round led by European Climate Tech fund Pale Blue Dot. Other investors include Superorganism, RaliCap, W3i, Emurgo Kepple Ventures and a network of angel investors from the global technology community. Amini aims to address Africa’s environmental data gap by leveraging artificial intelligence and satellite technology.
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Despite being home to abundant fertile land and mineral resources, Africa’s contribution to global GDP is only 3%. One major factor hindering development is the lack of reliable and trustworthy data, which hampers business decisions, capital allocation and the ability to measure the impact of climate change.
Pale Blue Dot’s General Partner, Heidi Lindvall, expressed concerns about the scarcity of high-quality environmental data in Africa and its hindrance to climate solutions. Lindvall believes that Amini, with its ambition and expertise, is best positioned to fill this data gap and enable the development of crucial climate solutions such as improved farmer insurance, climate risk monitoring and supply chain management.