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Havenhill Synergy, a Nigerian cleantech startup, has raised $4.6 million in funding.

Tech Gist Africa by Tech Gist Africa
03/11/2021
in Business, Climate Change, Investments, News, Startups, Sustainability, Venture Capital
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Havenhill Nigeria solar Tech Gist Africa

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Havenhill Synergy Limited, a Nigerian cleantech startup, has raised $4.6 million from Chapel Hill Denham Nigeria Infrastructure Debt Fund (NDIF) to help develop 22 smart solar mini-grids in Nigeria.

Havenhill, founded in 2010 by CEO Olusegun Odunaiya, focuses on using mini-grids to increase access to electricity in rural areas.

Renewable energy facilities are also available for companies in Nigeria’s manufacturing and commercial hubs.

Havenhill’s solar mini-grid solution is projected to provide renewable and affordable electricity to up to 70,000 people in different communities.

Havenhill’s financing was completed from the fund’s recently completed Series-7 capital raise.

Which included participation from the African Development Bank, according to NIDF CEO Anshul Rai.

Read More on Tech Gist Africa;

Nuru, a solar company based in the Democratic Republic of Congo, has raised $1.2 million in a funding round.

SunCulture, a Kenyan solar irrigation company, raises $11 million to expand solar irrigation across Africa.

Daystar Power, a tech startup in Nigeria, secures $38 million

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