Daystar Power
Solar power and Energy efficiency solutions for businesses
- Energy
- Ilupeju, Nigeria
- Debt Financing
- Founded 2017
- daystar-power.com ↗
- Total raised
- $88.5M
- disclosed
- Last round
- $20M
- Debt Financing · Jul 2021
- Rounds
- 8
- since 2017
- Employees
- 51-100
About Daystar Power
Sub-Saharan Africa is in the middle of a power crisis, with large portions of the population not having access to electricity. Businesses and consumers who do have access to the grid, often have to deal with daily power outages which can last up to several days. Most businesses across Sub-Saharan Africa rely on expensive and polluting diesel generators to bridge the supply-demand gap of electricity. Daystar Power focuses on hybrid solar power solutions for commercial customers for either a cash sale or a monthly fee. Daystar Power delivers three significant benefits to its customers: 1) reducing the cost of energy, 2) providing a stable power supply and 3) reducing pollution.
Daystar Power funding8 rounds
All 8 rounds →Daystar Power has raised $88.5M across 8 rounds. The latest is a $20M Debt Financing announced 06 Jul 2021.
- $38MSeries BSeries B, $38M, $38M raised to date
- $20MDebt FinancingDebt Financing, $20M, $58M raised to date
SLA Funding Index · grey is capital raised before each round
Who has invested in Daystar Power
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 06 Jul 2021 | Daystar Power Debt Financing06 Jul 2021 | Not disclosed | $20M |
| 12 Jan 2021 | Daystar Power Series B12 Jan 2021 Led by IFU +2 | $38M |
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Daystar Power founders & team
- Christian WesselsFounder
- Olaedo OsokaCEO, West Africa (former)
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Daystar Power competitorssame sector · similar funding
- Starsight EnergyIkoyi, Nigeria
- Grid AfricaJohannesburg, South Africa
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Frequently asked about Daystar Power
- Where is Daystar Power based and when was it founded?
- Daystar Power is headquartered in Ilupeju, Nigeria and was founded in 2017.
- Who founded Daystar Power?
- Founders listed for Daystar Power include Christian Wessels (Founder).
- How much funding has Daystar Power raised?
- Daystar Power has raised $88.5M across 8 funding rounds. Its latest, a $20M Debt Financing, was announced on 06 Jul 2021.
- Who has invested in Daystar Power?
- Backers include IFU, Morgan Stanley and STOA.
- What sector is Daystar Power in?
- Daystar Power operates in Energy and Renewable Energy.
