GreenTec Capital Partners

Co-founders Thomas Festerling and Erick Yong lead investment decisions, supported by a team that evaluates opportunities across the firm's target sectors in Africa. Both are actively involved in sourcing and portfolio management, reflecting the firm's flat operational structure. Final investment committee authority rests with the co-founders.

GreenTec sources deals through on-the-ground networks built by the co-founders across African tech ecosystems, particularly in Nigeria, Kenya, and South Africa. The firm's operational model — embedding staff into portfolio companies — creates referral loops with founders, accelerators, and local angel networks. Its dual European-African identity also opens channels unavailable to purely local or purely foreign funds.

GreenTec operates as a venture builder, meaning it does not only provide capital but deploys its own professionals into portfolio companies to fill operational gaps. This hybrid structure blurs the line between investor and operator, distinct from traditional closed-end VC funds. The firm has also raised traditional fund vehicles, including the Africa Food Systems Fund, while maintaining its core venture-building activity.

The firm targets pre-seed, seed, and Series A stages, entering companies at their earliest institutional rounds. This early-stage focus aligns with its venture-building model, where operational support is most impactful before formal management structures are in place. GreenTec occasionally participates in follow-on rounds for existing portfolio companies.

GreenTec has not publicly stated any sectors it explicitly avoids, but its portfolio concentration in AgriTech, FinTech, Energy, Health, and Mobility suggests it does not pursue pure enterprise SaaS, gaming, or deep-tech hardware plays that lack clear African mass-market applications. The firm's operational-intensity model further limits sectors where embedded support offers less advantage.

The firm does not publicly disclose its LP base or capital sources in detail. GreenTec's model combines balance-sheet investment from its founders and operational partners with external capital raised for specific vehicles, such as the Africa Food Systems Fund. It is not known to be anchored by a single-family office or development-finance institution.

Yes, GreenTec participates in co-investment rounds alongside other Africa-focused funds and occasionally international VC firms. The firm's operational model makes it an attractive syndicate partner, as its embedded professionals reduce execution risk. Co-investments are structured through SPVs or direct follow-on allocations.