Daystar Power
Captive solar power solutions in long-term service fee models
Location: Nigeria
Website: https://www.daystar-power.com/
Sector: Energy & Water
Funding Stage: Series A, Debt, Series B, Debt, Debt, Debt, M&A,
Total Funding ($m): 90
# of Founders: 3
Founding Year: 2017
Funding Year: 2022
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2019 | $26m | Series A | Verod Capital Management, Persistent Energy Capital |
| 2020 | $4m | Debt | SunFunder |
| 2021 | $38m | Series B | Investment Fund for Developing Countries (IFU), STOA, Proparco, Morgan Stanley Investment Management |
| 2021 | $20m | Debt | IFC |
| 2021 | $1m | Debt | Trine |
| 2021 | $1m | Debt | Trine |
| 2022 | $n.am | M&A | Shell plc |
Series A $26m
Verod Capital Management, Persistent Energy CapitalDebt $4m
SunFunderSeries B $38m
Investment Fund for Developing Countries (IFU), STOA, Proparco, Morgan Stanley Investment ManagementDebt $20m
IFCDebt $1m
TrineDebt $1m
TrineM&A $n.am
Shell plcNews
https://www.ft.com/content/c692ce6e-c09a-49e7-96ea-603f5e31ae20