Why Spark+
Why Spark+
A specialist investment platform combining sector expertise, flexible capital and active portfolio support.
The financing gap Spark+ was created to address
Modern cooking businesses often require forms of finance that do not fit conventional bank or generalist investor mandates. Their needs may include working capital, receivables and inventory finance, carbon-linked pre-finance and longer-term growth capital.
These businesses may combine local-currency revenues, hard-currency funding, uneven cash flows and sector-specific operating risks. Spark+ was designed to assess those risks and structure financing around each business model and stage of development.
What Spark+ brings
Spark+ combines specialist underwriting with flexible and catalytic capital across the modern-cooking value chain.
Sector expertise
Flexible capital
Carbon-market capability
Portfolio development
Track record
24
Cumulative investments
22 active · 2 realized
21
Countries of operation
Portfolio-company footprint
USD 358.4m
Additional financing raised by portfolio companies
Reported through 31 March 2026
Figures are reported by portfolio companies and may reflect their wider operations rather than only activities financed by Spark+. Definitions and reporting approaches vary across business models.
The approach in practice
MANUFACTURING · FLEXIBLE GROWTH CAPITAL
BURN
Mezzanine growth financing supporting the expansion of modern-cooking manufacturing and multi-country growth.
LPG INFRASTRUCTURE · SENIOR DEBT
NewGas
Asset-backed financing for LPG bottling and distribution infrastructure under Ghana's Cylinder Recirculation Model.
CARBON-LINKED PROJECT FINANCE · ARTICLE 6.2
Envirofit Carbon Holdings One
Project finance connecting cookstove deployment with an Article 6.2 carbon-revenue pathway in Ghana.
Institutional platform
Spark+ Africa Fund is managed by Enabling Qapital AG and complemented by a separately managed Technical Assistance Facility operated by Stichting Modern Cooking.