PowerGen – Funding history
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.