SunCulture
Develops and offers solar powered smart irrigation systems
Location: Kenya
Website: https://sunculture.com/
Sector: Energy & Water
Funding Stage: Debt, Series A, Debt, Debt, Grant, Debt, Series B,
Total Funding ($m): 77.6
# of Founders: 2
Founding Year: 2012
Funding Year: 2022
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2019 | $2.3m | Debt | FEI-OGEF |
| 2020 | $14m | Series A | Energy Access Ventures, EDF, Acumen Fund, DPI Energy Ventures |
| 2021 | $11m | Debt | Nordic Development Fund, Triodos Investment Management, SunFunder, AlphaMundi, African Development Bank, FEI-OGEF |
| 2022 | $10m | Debt | EDFI ElectriFI, Energy Entrepreneurs Growth Fund, Acumen Resilient Agriculture Fund (ARAF) |
| 2023 | $0.8m | Grant | USAID |
| 2023 | $12m | Debt | Mirova SunFunder, Nithio, Triodos Investment Management |
| 2024 | $27.5m | Series B | The Schmidt Family Foundation, InfraCo Africa, Acumen Resilient Agriculture Fund (ARAF), Equator VC, Savant Fund Manager, EDF (Corporate), Angel Investors |
Debt $2.3m
FEI-OGEFSeries A $14m
Energy Access Ventures, EDF, Acumen Fund, DPI Energy VenturesDebt $11m
Nordic Development Fund, Triodos Investment Management, SunFunder, AlphaMundi, African Development Bank, FEI-OGEFDebt $10m
EDFI ElectriFI, Energy Entrepreneurs Growth Fund, Acumen Resilient Agriculture Fund (ARAF)Grant $0.8m
USAIDDebt $12m
Mirova SunFunder, Nithio, Triodos Investment ManagementSeries B $27.5m
The Schmidt Family Foundation, InfraCo Africa, Acumen Resilient Agriculture Fund (ARAF), Equator VC, Savant Fund Manager, EDF (Corporate), Angel InvestorsNews
https://techcentral.co.za/eric-schmidt-reed-hastings-sunculture/242650/