M-KOPA logo

M-KOPA

Operating

M-KOPA has connected more than 500,000 homes in Kenya, Tanzania and Uganda to solar power, with over 500 new homes being added every day.

Updated Source: SLA Startup IndexHow we verify →
Total raised
$591M
disclosed
Last round
$30M
Debt Financing
Rounds
18
since 2011
Investors
28
on record
Employees
501-1000

About M-KOPA

M-KOPA has connected more than 500,000 homes in Kenya, Tanzania and Uganda to solar power, with over 500 new homes being added every day. Each 8W battery powered-system comes with three lights, mobile phone-charging and a solar powered radio. Customers can now opt for a 20W system with digital TV. In April 2015, M-KOPA launched its own upgrades service for productive assets – including water tanks, energy-efficient cooking stoves and smart phones. In the two years since launch, it has sold over 150,000 upgrade products. M-KOPA has established a separate business unit – M-KOPA Labs – to conduct research and development of additional products and services that run on its power and finance platform. It currently has research projects underway with several strategic partners and is looking at new products and market extensions across a range of sectors. M-KOPA customers now enjoy over 62.5 million hours of kerosene-free lighting per month and they will save over 600,000 tonnes of CO2 over four years.

M-KOPA funding18 rounds

All 18 rounds →

M-KOPA has raised $591M across 18 disclosed rounds. The latest is a $30M Debt Financing announced 23 Jul 2026.

Capital growthrunning total of disclosed rounds
  1. $10MSeries CSeries C, $10M, $10M raised to date
  2. $20MDebt FinancingDebt Financing, $20M, $30M raised to date
  3. $12.5MSeries DSeries D, $12.5M, $42.5M raised to date
  4. $19MVentureVenture, $19M, $61.5M raised to date
  5. $2MDebt FinancingDebt Financing, $2M, $63.5M raised to date
  6. $6.3MVentureVenture, $6.3M, $69.8M raised to date
  7. $80MDebt FinancingDebt Financing, $80M, $150M raised to date
  8. $10MVentureVenture, $10M, $160M raised to date
  9. $300KGrantGrant, $300K, $160M raised to date
  10. $75MPrivate EquityPrivate Equity, $75M, $235M raised to date
  11. $200MDebt FinancingDebt Financing, $200M, $435M raised to date
  12. $55MVentureVenture, $55M, $490M raised to date
  13. $20MConvertible NoteConvertible Note, $20M, $510M raised to date
  14. $51MDebt FinancingDebt Financing, $51M, $561M raised to date
  15. $30MDebt FinancingDebt Financing, $30M, $591M raised to date

SLA Funding Index · grey is capital raised before each round · 3 undisclosed rounds not drawn

Who has invested in M-KOPA

AnnouncedRoundLead · investorsAmount
23 Jul 2026M-KOPA Debt FinancingFMO$30M
24 May 2024M-KOPA Debt FinancingU.S. International Development Finance Corp$51M
01 Aug 2023M-KOPA Convertible NoteFinDev Canada$20M
15 May 2023M-KOPA VentureSumitomo Corporation +4$55M
15 May 2023M-KOPA Debt FinancingStandard Bank Group +5$200M
01 Mar 2022M-KOPA Private EquityGeneration Investment Management +5$75M
17 Mar 2021M-KOPA GrantAfrican Development Bank$300K
18 Dec 2018M-KOPA CorporateSumitomoNot disclosed
15 Mar 2018M-KOPA VentureCDC Group +2$10M
10 Oct 2017M-KOPA Debt FinancingNot disclosed$80M
29 Sep 2016M-KOPA VentureNot disclosed$6.3M
17 May 2016M-KOPA Debt FinancingNot disclosed$2M
02 Dec 2015M-KOPA VentureGeneration Investment Management +3$19M
02 Feb 2015M-KOPA Series DLGT Venture Philanthropy +3$12.5M
06 Feb 2014M-KOPA Debt FinancingCommercial Bank of Africa$20M
06 Feb 2014M-KOPA Series CNot disclosed$10M
01 Dec 2012M-KOPA Series BNot disclosedNot disclosed
01 Oct 2011M-KOPA Series ANot disclosedNot disclosed

M-KOPA founders & team

M-KOPA competitorssame sector · similar funding

More Energy startups in Kenya

  • Plexus Energy Limited

    Plexus Energy is Kenya's leading power continuity solutions provider organized to deliver green energy products and solutions. · Kenya

  • KOKO Networks

    KOKO replaces demand for charcoal through supplying bioethanol cooking fuel distributed through a dense network of high-tech KOKO Fuel ATMs. · Kenya

  • Ariya Finergy

    Ariya Finergy is providing seamless integration of power systems to commercial and industrial (C&I) clients across East Africa. · Kenya

  • Giraffe Bioenergy

    Giraffe Bioenergy is a Kenya-based clean energy startup transforming cassava into ethanol cooking fuel. · Kenya

  • Sun King

    Sun King designs, distributes and finances Sun King solar home energy solutions to households and businesses who lack reliable access to the grid. · Kenya

  • d.light

    d.light is an international Energy startup that serves people without access to reliable electricity. · Kenya

All 23 Energy startups in Kenya

Frequently asked about M-KOPA

Where is M-KOPA based and when was it founded?
M-KOPA is headquartered in Nairobi, Kenya and was founded in 2011.
How much funding has M-KOPA raised?
M-KOPA has raised $591M across 18 disclosed rounds. Its latest, a $30M Debt Financing, was announced on Jul 23, 2026.
Who has invested in M-KOPA?
Backers include FMO, U.S. International Development Finance Corp, FinDev Canada, Sumitomo Corporation and 24 others.
What sector is M-KOPA in?
M-KOPA operates in Energy and Renewables.