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Persistent Energy Raises $10M To Grow Its Clean-Tech Venture Building Business In Africa

Jul 13, 2022•about 3 years ago

Amount Raised

$10 Million

GhanaNatural ResourcesFinancial ServicesSoftware

Description

Persistent Energy has raised $10 million Series C funding to grow its clean-tech venture building business in Africa, in a round led by Kyuden International Corporation, a subsidiary of the Japanese Kyushu Electric Power Group, and Financial Sector Deepening (FSD) Africa Investments.

Company Information

Company

Persistent Energy

Location

Ghana

About

The company has had two successful exits to date. , Tobias Ruckstuhl, managing partner of Persistent, said in a statement that the company will use the resources to accelerate its growth in Sub-Saharan Africa in a quest to promote the adoption of clean energy options and technologies in the continent. The company also said it will use the new funding to strengthen its team. In Africa, these companies include Solar Works, which is a decade-old business which offers a wide range of solar products including Solar Homes Systems, its key offering that powers homes in Southern Africa.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech