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Overview

STOA is an impact investment fund created in 2017 by Caisse des Dépôts (CDC) and Agence Française de Développement (AFD). It is dedicated to financing and supporting the development of sustainable and resilient infrastructure projects in emerging and developing countries across Africa, Latin America, and Asia. The fund focuses on key sectors including energy, telecommunications, transport and logistics, and the environment, with a strong emphasis on projects that have a climate co-benefit. STOA acts as a long-term minority investor in greenfield projects.

Portfolio Companies

11

Investments

STOA investments
CompanyDateStageLead
Candi SolarJul 2025DebtCo-investor
Candi SolarJul 2025Convertible DebtCo-investor
H&S GroupNov 2024Private EquityCo-investor
Candi SolarJun 2024Series CLead
NetZeroMar 2024Early FundingCo-investor

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersFrance
Year FoundedN/A

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