Deal In Brief
Beacon Power Services, a provider of energy management software and analytics for utilities and mini grid operators across Africa, has raised USD2.7 million in seed financing. The financing was led by Seedstars Africa Ventures with participation from Persistent Energy, Kepple Africa Ventures, Factor[e] and Oridun Capital Management.
|Deal Value (US$ Million) ||2.7 |
|Deal Type ||Venture Finance |
|Sub-Category ||Seed |
|Deal Status ||Completed: 2022-08-05 |
|Target (Company) ||Beacon Power Services Nigeria Ltd |
|Acquirer (Company) ||Persistent Energy LLC |
The funding would enable BPS to improve its current products (product upgrades to add new features and incorporate automation) and expand into new markets beyond Nigeria and Ghana, where it currently operates.
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