- Company name: PowerGen
- Year founded: 2011
- Operational in: Nigeria, Kenya, Sierra Leone and DRC
- Total raised since founding year: USD 50 million+
Funding breakdown
Year |
Stage (if available) |
Investors / financiers (if available) |
Amount raised (USD) & notes* |
|
2016 |
Series A |
DOB Equity, AHL Venture Partners, Marc Beuls, Billy Harbert |
USD 4.5 million |
|
2019 |
Series B |
Shell’s New Energies, Omidyar Network, Acumen, Renewable Energy Performance Platform (REPP), ElectriFI, Sumitomo Corporation, DOB Equity and Microgrid Catalytic Capital Partners (MCCP) |
*EDI invested USD 2 million. REPP invested USD 2 million. |
|
2021 |
Project financing |
Oikocredit, Triodos IM, EDFI ElectriFI |
USD 9 million |
|
2025 |
Series C |
InfraCo Africa, IFU, EDFI ElectriFI, AFDB |
USD 50 million. *Additional USD 5 million from EDFI. |