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CrossBoundary mobilizes private and public capital to grow sustainable businesses in underserved markets. The firm provides investment advisory across sectors to governments, development finance institutions, private equity, Fortune 100 firms, and research institutions, helping structure and unlock capital. Its direct investment arm, CrossBoundary Energy, finances solar projects in Africa to expand clean power. By combining advisory services with on-the-ground energy investments, CrossBoundary focuses on markets often overlooked by traditional investors, aiming to generate strong financial returns while advancing sustainable growth.
Industries
Consulting
Energy
Financial Services
Company Size
51-200
Company Stage
N/A
Total Funding
$6.6M
Headquarters
Nairobi, Kenya
Founded
2011
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Total Funding
$6.6M
Above
Industry Average
Funded Over
0 Rounds
Uruguayan startup TripWip has secured $4.2 million in seed funding to expand operations in Mexico and Argentina. The peer-to-peer car rental platform attracted investors including Latin Leap, CrossBoundary, Yango Ventures, and regional automotive OEMs from Toyota and Kia, alongside founders from Kavak, dLocal, Uber, PedidosYa, and Rappi. Founded in 2023 by Juan Manuel Pancic and Juan Andrés Vico, TripWip operates in Mexico, Argentina, and Uruguay. The company aims to multiply activity sixfold in Mexico and Argentina. The funding will support marketing, expansion into new cities including Mendoza, Bariloche, Monterrey, and Los Cabos, and continued investment in technology and artificial intelligence. Since launch, TripWip has surpassed 150,000 registered users, completed over 60,000 rental days, and hosts more than 3,000 vehicles. The platform grew fourfold year-on-year, offering rentals up to 40% cheaper than traditional services.
IFC backs solar mini-grid growth in Africa with $10 million equity investment. Dated: June 25, 2026 Opening New Pathways to Global Grants and Funding Opportunities (June 2026) - DOWNLOAD International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, has committed $10 million in equity financing to CrossBoundary Access to accelerate the deployment of solar mini-grids and battery storage systems across sub-Saharan Africa. The investment is aimed at expanding access to reliable, affordable, and sustainable electricity in underserved communities where traditional grid infrastructure remains limited. CrossBoundary Access specializes in financing and owning distributed renewable energy assets that support rural electrification and off-grid energy access. The company currently provides electricity to more than 170,000 people in Nigeria and Madagascar and has set an ambitious target of reaching 1 million people with clean energy solutions in the coming years. The new IFC funding will support the expansion of existing partnerships with renewable energy developers, including Ignite Energy Access and Mobile Power (MOPO) in Nigeria, as well as ANKA in Madagascar. The investment will also help the company explore new market opportunities across Africa, further strengthening its role in the continent's growing decentralized energy sector. Solar mini-grids and battery storage systems are increasingly recognized as cost-effective solutions for delivering electricity to remote and rural communities. These systems provide reliable power for households, schools, healthcare facilities, small businesses, and agricultural activities, helping to stimulate economic development and improve living standards. By reducing dependence on expensive diesel generators and traditional fuels, decentralized renewable energy projects also contribute to lower carbon emissions and greater environmental sustainability. The IFC investment comes at a critical time for Africa's energy transition. According to international energy assessments, limited access to long-term equity financing remains one of the biggest challenges facing the expansion of mini-grid and off-grid solar markets across the continent. Increased investment is essential to scale renewable energy infrastructure and close the electricity access gap affecting millions of people. CrossBoundary Access has already demonstrated significant momentum in the sector. In 2025, the company partnered with ANKA on a $20 million renewable energy initiative in Madagascar designed to provide electricity access to more than 62,000 people. Earlier in 2026, it also acquired a portfolio of four operational solar mini-grids in Madagascar, adding 1.7 MW of solar generation capacity and 5.6 MWh of battery storage to its growing asset base. The latest IFC investment is expected to strengthen CrossBoundary Access's financial position, accelerate project deployment, and attract additional private-sector participation in Africa's off-grid energy market. By supporting the expansion of decentralized renewable energy infrastructure, the initiative contributes to broader efforts to improve energy access, promote economic growth, create jobs, and advance sustainable development across sub-Saharan Africa.
CrossBoundary Group named to the ImpactAssets 50 2026 Impact Fund Manager showcase. What To Know CrossBoundary Group has been selected to the ImpactAssets 50 (IA 50) 2026 list, highlighting impact investment fund managers globally ImpactAssets is marking the 15th year of the IA 50, which highlights fund managers delivering measurable social and environmental impact The 2026 IA 50 continues to profile managers mobilizing private capital to underserved markets worldwide 10 March 2026, Nairobi/London/Washington D.C. - CrossBoundary Group has been named to ImpactAssets 50(R)(IA 50) 2026 list as an Impact Fund Manager. This year's list marks the 15th anniversary of the initiative and continues to spotlight fund managers who are delivering demonstrable social and environmental impact, setting the standard for uncovering opportunities across private markets. Launched in 2011, the IA 50 has become a widely referenced resource for investors seeking impact-focused fund managers. "Over the past 15 years, impact investing has evolved into a sophisticated global marketplace," said Jed Emerson, Founder of Blended Value Group and Chair of the IA 50 Review Committee. "The depth, scale and diversity represented in today's IA 50 demonstrates that impact investing is now a core investment strategy - one that brings together a wide range of asset classes, geographies and investment themes to drive measurable change." Selections are made by an independent IA 50 Review Committee of 13 globally recognized industry leaders, following a rigorous, multi-stage process that leverages both qualitative and quantitative analysis led by ImpactAssets Capital Partners. The IA 50 Review Committee makes the final selection, ensuring the analysis adheres to a structured framework of fairness, rigor and objectivity. All selected firms must demonstrate a track record in impact investing, clear impact objectives, and U.S. investor accessibility. "Being selected for the IA 50 is another meaningful recognition of the work our teams are leading across the markets we serve. ImpactAssets' continued commitment to spotlighting fund managers that deliver both financial and development outcomes helps strengthen the case for investing in places where capital can be most catalytic. We're proud to be part of this year's showcase and remain focused on creating investable opportunities that support long-term economic growth," says Matt Tilleard, Co-founder and Managing Partner of CrossBoundary Group and CEO of CrossBoundary Energy. About the ImpactAssets 50 ImpactAssets 50(R)(IA 50) is the definitive guide to impact investing fund managers globally. The publicly available database is composed of experienced and emerging private debt and equity impact investment fund managers committed to generating positive impact. The IA 50 2025 reflects the innovation and exponential growth of impact investing that the IA 50 has helped to spotlight over last 15 years. The IA 50 is not an index or investable platform and does not constitute an offering or solicitation to buy or sell securities or a private placement, or recommend specific products. Nor is this an endorsement of any of the listed fund managers. It is not a replacement for due diligence. Additional details on the selection process are available here.
Specific Procurement Notice: Productive Use Equipment - Nigeria (West Africa). Key Points CrossBoundary Energy Access Platform received US$1 million grant from African Development Bank to accelerate productive use equipment adoption across mini-grid sites Program targets 900+ customers through Productive Use Appliance Financing Programme, enabling transition from diesel-powered to electric equipment CrossBoundary Access now invites sealed bids from eligible bidders for the supply of productive use equipment Bids must be submitted before 31 March 2026 at 11:00 a.m. West African Time IFB Number: PUE1-CA-001 Purchaser: CrossBoundary Energy Access Platform Project: Productive Use Equipment - Nigeria (West Africa) Contract title: Acquisition of productive use equipment in West Africa Country: Nigeria Loan No./Grant No.: PUE Grant Procurement Method: Open Competitive Bidding (International) (OCBI) OCBI No: PUE 1 Issued on: 2 March 2026 1. CrossBoundary Energy Access Platform has received a grant from the African Development Bank (AfDB) to accelerate the adoption of electric productive use equipment across its mini-grid sites through its Productive Use Appliance Financing Programme (the PU Programme). Access has secured a US$ 1m capital grant from AfDB to support more than 900 customers in switching from diesel-powered equipment to electric equipment. For this contract, Access shall process the payments using the Special Account disbursement method, as defined in AfDB's Disbursement Guidelines and procedures for Investment Project Financing. 2. CrossBoundary Energy Access Platform now invites sealed bids from eligible bidders for the supply of productive use equipment. The scope of the bids includes details such as equipment types, quantities, delivery locations, and timelines. Full specifications and requirements will be provided in the bidding document. 3. Bidding will be conducted through the Open Competitive Bidding (International) (OCBI) method as specified in AfDB's latest Procurement Framework (October 2015), and is open to all eligible bidders as defined in the Procurement Framework. 4. Interested eligible bidders may obtain further information from Access through the Procurement Consultant via consult[@]thevaluechain.co.ke (with cbeadealteam[@]crossboundary.com in copy) and access the bidding document during office hours (09:00 to 17:00 EAT) via the address provided in section 9 below. 5. The bidding document in English may be obtained by interested eligible bidders upon the submission of a written enquiry to the address provided in section 9 below. 6. Bids must be submitted electronically to the address provided in section 9 below on or before 31 March 2026 at 11:00 a.m. West African Time. Late bids will be rejected. Bids will be publicly opened at 11:30 a.m. West African Time, in the presence of the bidders designated representatives, and anyone who chooses to attend via the Teams Meet link provided in the bidding documents. 7. All bids must be accompanied by a Bid-Securing Declaration in the format provided in the bidding document. 8. Attention is drawn to AfDB's Procurement Framework, which requires the Purchaser to disclose information on the successful bidder's beneficial ownership as part of the Contract Award Notice, using the Beneficial Ownership Disclosure Form included in the bidding document. 9. The addresses referred to above are: CrossBoundary Energy Access Platform Robert Waiganjo, Procurement Consultant Email consult[@]thevaluechain.co.ke, with cbeadealteam[@]crossboundary.com in copy
CrossBoundary recognized in ImpactAssets 50 2025 lineup of leading impact investors.
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Industries
Consulting
Energy
Financial Services
Company Size
51-200
Company Stage
N/A
Total Funding
$6.6M
Headquarters
Nairobi, Kenya
Founded
2011
Find jobs on Simplify and start your career today