Africa Angel Investors Network

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Arnergy

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A cleantech startup focused on distributed solar energy solutions


Location: Nigeria
Website: https://arnergy.com/
Sector: Energy
Funding Stage: Series A, Venture Round, Series B,
Total Funding ($m): 30
# of Founders: 2
Founding Year: 2013
Funding Year: 2025
Status: Active
YearAmountStageInvestors
2019$9mSeries ABreakthrough Energy Ventures, Norfund, EDFI ElectriFI, All On
2024$3mVenture RoundAll On, Breakthrough Energy Ventures, EDFI ElectriFi, Norfund, Angel Investors
2025$18mSeries BCardinalStone Capital Advisers, Breakthrough Energy Ventures, British International Investment (BII), Norfund, EDFI Management Company (EDFI MC), and All On
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Femi Adeyemo
Co-Founder & CEO
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Series A $9m
Breakthrough Energy Ventures, Norfund, EDFI ElectriFI, All On

Venture Round $3m
All On, Breakthrough Energy Ventures, EDFI ElectriFi, Norfund, Angel Investors

Series B $18m
CardinalStone Capital Advisers, Breakthrough Energy Ventures, British International Investment (BII), Norfund, EDFI Management Company (EDFI MC), and All On


News
https://launchbaseafrica.com/2025/04/14/nigerias-arnergy-raises-18m-to-scale-solar-lease-plans-as-fuel-and-grid-costs-soar/