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Home » Nigeria launches $672 million tech fund
Tech

Nigeria launches $672 million tech fund

adminBy adminMarch 18, 2023No Comments2 Mins Read
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Who brought the money this week?

This week, Nuru, an energy company based in the Democratic Republic of Congo (DRC), secured $1.5 million in a Series B funding round. The company is on track to build 13.7MWp of isolated solar-hybrid grids by mid-2024 and aims to provide world-class connectivity to five million clients in the DRC. 

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The Renewable Energy Performance Platform (REPP), Proparco, and E3 Capital each invested $500,000 in Nuru, bridging the financing gap for its $25 million Series B equity fundraising.

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