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The Mulago Foundation

Public data, unclaimed profile

Philanthropic foundation (San Francisco) providing non-dilutive funding to high-impact organisations in low-income countries. Co-funds alongside venture funds on deals with measurable impact (co-funder of Biochar Industrial Group with Breega, 2026). Grants only: relevant for an impact project that is not raising equity.

Investment thesis

Investment ticket
Instruments
Grant
Preferred sectors
Target geographies
Stages (based on reference deals)
Pre-Seed

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Biochar Industrial Group (BIG)

September 2026 · Nigeria
Pre-Seed1.5 M$AgribusinessNon-dilutive

Co-investor alongside Breega

Activity : Agricultural inputs and services

BIG installs modular pyrolysis units inside food factories to collect agricultural waste and turn it into biochar: a permanent carbon store, audit-grade carbon removal credits, and a soil amendment that restores depleted farmland and boosts crop yields. Disposal cost becomes new revenue for factories.

Why they invested

  • Team with a decade of hands-on industrial operating experience in Nigeria (Releaf Earth, Y Combinator)
  • Disposal cost becomes new revenue for factories
  • Audit-grade carbon removal credits, a growing market

Team

  • Ikenna NzewiCEO, Co-Founder
  • Uzoma AyoguCTO, Co-Founder
  • Isaiah UdotongCSO, Co-Founder

Co-investors Catalyst Fund

Source : techcabal.com

In short

The Mulago Foundation invests. Check in 30 seconds whether your company fits these criteria.