NEWCaplight raises a $16M Series A, led by BlackRock and Fin Capital →
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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

9

Investments

CompanyDateStageLead
Candi SolarJul 2025DebtCo-investor
Candi SolarJul 2025Convertible DebtCo-investor
Candi SolarJun 2024Series CLead
NetZeroMar 2024Early FundingCo-investor
NetZeroMar 2024VC RoundLead

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
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2025
2026

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FAQ

Firmographic Details

HeadquartersFrance
Year FoundedN/A

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Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.