About OPES-LCEF
OPES-LCEF is a venture capital firm founded in 2012. It is primarily based out of Milano, Italy. As of Oct 2023, OPES-LCEF has invested in 40 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Environment to Nonprofits and Energy. Most recently it participated in the $***** Seed round of TheCircle Overall, OPES-LCEF portfolio has seen 1 acquisition, namely Ignite Holding. A lot of funds co-invest with OPES-LCEF, with names like Artha sharing a substantial percentage of its portfolio. OPES-LCEF has team of 28 people including 7 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Conventional Debt & 1 more
Portfolio Acquisitions
OPES-LCEF's List of Top Investments
OPES-LCEF has a portfolio of 40 companies. Their most notable investments are in Boond and Boond.Their portfolio spans across Italy, Kenya, India and 10 more locations. They have invested in Environment, Nonprofits, Energy and 13 other sectors, across stages such as Seed, Conventional Debt and 1 more. Here is the list of top investments by OPES-LCEF:1. Copia Global
Online assisted purchase platform catering to rural customers. It provides e-commerce assistance using digital kiosks installed at various retail stores. It allows people in rural areas and peri-urban locations to search products and place orders from local shopkeepers. Customers make the payment in advance which is then transferred to the company by the shopkeeper. The ordered product then reaches the customers via the shopkeeper. The shopkeeper receives a commission from the company for selling its products.
Key facts about Copia Global
2. Sistema
Provider of modular biodigester systems for farms. These systems transform animal waste into biogas and biofertilizer, providing clean energy and improved soil fertility. The technology includes various biogas appliances for thermal and mechanical uses, catering to diverse farm sizes and feedstock types. Installation and use are designed to be straightforward, enhancing farm productivity and efficiency.
Key facts about Sistema
3. Boond
provider of solar products. The platform provides solar products to the poor in the Indian villages. The enterprise offers a solar home light systems, water filters, biomass gas cookstoves, solar water pumps, solar street lights, solar water heaters and mosquito nets.
Key facts about Boond
4. Kingonet
Kingonet is a home for NGOs in Kilwa District, Tanzania, focusing on creating powerful plans to achieve long-term objectives. Led by CEO Omari Mkuwili, Kingonet empowers young vulnerable groups in Kisarawe District to eradicate poverty. Through collaborative efforts, Kingonet aims to make a positive impact in the community.
Key facts about Kingonet
- Founded Year: 2014
- Location: Guatemala City (Guatemala)
- Stage: Series B
- Total Funding till date: $8M
- Investors: FMO, Inter-American Development Bank and 15 Others
- Latest Funding Round: Series B, Feb 12, 2020, $*****
Installer of renewable energy plants and solutions. The company claims to have installed solar, micro-wind turbines, hybrid solar-wind renewable energy and rural solar lighting solutions at over 300 locations. They were also a part of the ADB Energy for All program where they launched several initiatives that resulted in a reduction of 2500 plus tonnes in carbon emissions.
Key facts about EHands Energy
OPES-LCEF's Year-on-Year Investment Trends
OPES-LCEF has invested in 40 companies over the last 14 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in TheCircle and most recent follow-on round was in Sistema.OPES-LCEF's Investments by Stage
OPES-LCEF has made 13 investments in Seed stage with an average round size of $923K, 2 investments in Conventional Debt stage and 1 investment in Series A stage.Stage of entry | No. of Investments |
|---|---|
Seed | 13 |
Conventional Debt | 2 |
Series A | 1 |
Note: We have considered here, only first round of investments
OPES-LCEF's Investments by Sector
OPES-LCEF has a diverse portfolio, with companies operating in the Environment, Energy, Sustainability Tech, Energy Tech and Environment Tech. Notably, it has invested in 16 Social impact companies, 12 Consumer (B2C) companies, 8 Enterprise (B2B) companies and at least 7 companies focusing on Tech.Sector | No. of Investments |
|---|---|
Environment | 8 |
Energy | 6 |
Sustainability Tech | 3 |
Energy Tech | 2 |
Environment Tech | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
OPES-LCEF's Investments by Geography
OPES-LCEF has made most investments in India (3), followed by Guatemala where it has made 2 investments.Country | No. of Investments |
|---|---|
India | 3 |
Guatemala | 2 |
Uganda | 2 |
Cambodia | 1 |
Indonesia | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
OPES-LCEF's recent investments
OPES-LCEF has not made any investment in 2026 so far.Here are the most recent investments by OPES-LCEF:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 03, 2023 | Italy | Seed | 7870 | ||
Jan 24, 2022 | Mexico | Series B | 3277 | [+15] | |
May 17, 2021 | Zambia | Conventional Debt | 7705 | - | |
May 17, 2021 | Rwanda | Conventional Debt | 6813 | - | |
2016 | Uganda | Seed | 3726 | - |
Acquired companies in OPES-LCEF's Portfolio
1 company from OPES-LCEF's portfolio has been acquired. The most recent acquisition was Ignite Holding in Oct 2022 by Kingo for $*****.Here are OPES-LCEF's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 11, 2022 | 2014 | Seed | 9701 |
Team profile of OPES-LCEF
OPES-LCEF has a team of 28 members including 7 Partners and 1 Principal located in Italy, Germany and 1 more location. OPES-LCEF's team does not sit on the board of any company as of now.Here is a list of top team members in OPES-LCEF:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | Milan | - | ||
Partner | Milan | - | ||
Partner | Milan | - | ||
Partner | Como | - | ||
Partner | - | - | - | |
Partner | Germany | - | - | |
Principal | Kenya | - |
Co-investors of OPES-LCEF
Over the past 14 years, 68 investors have co-invested in OPES-LCEF's portfolio companies. This includes funds and angels.
- Invested before OPES-LCEF: Sudyog InfraProjects, IIMA Ventures and 8 others have invested in rounds before OPES-LCEF. There is 1 company where Sudyog InfraProjects has invested before OPES-LCEF and 1 company where IIMA Ventures has invested before OPES-LCEF.
- Top Co-investors of OPES-LCEF: 9 investors entered a company along with OPES-LCEF. These include investors like Artha (1 company).
- Invested after OPES-LCEF: A total of 49 investors have invested in OPES-LCEF's portfolio after their investments. Top Investors include Engie (3 companies), FMO (3 companies) and Beneficial Returns (2 companies).
Recent News related to OPES-LCEF
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Munyax Eco in Rwanda and WidEnergy in Zambia receive funding from impact investorTechgist Africa•May 18, 2021•Munyax Eco, OPES-LCEF
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Rwandan, Zambian energy startups secure funding from impact investorDisrupt Africa•May 17, 2021•Munyax Eco, Widenergy Africa, OPES-LCEF
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Solar products maker Boond raises Series A round from OPES Impact Fund, others – VCCircleVCCircle•Aug 13, 2014•Boond, OPES-LCEF
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