Arnergy
Distributed utility company that provides energy solutions tailored towards emerging markets
Location: Nigeria
Website: https://arnergy.com/
Sector: Energy & Water
Funding Stage: Series A Venture Round Series B
Total Funding ($m): $30M
# of Founders: 2
Founding Year: 2013
Funding Year: 2024
Status: Active
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2019 | $9m | Series A | Breakthrough Energy Ventures, Norfund, EDFI ElectriFI, All On |
| 2024 | $3m | Venture Round | All On, Breakthrough Energy Ventures, EDFI ElectriFi, Norfund, Angel Investors |
| 2025 | $18m | Series B | CardinalStone Capital Advisers, Breakthrough Energy Ventures, British International Investment (BII), Norfund, EDFI Management Company (EDFI MC), and All On |
| Femi Adeyemo, Kunle Odebunmi, , |
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