Wednesday, July 2, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

Qotto, an African Cleantech startup, has raised $8 million in a Series A funding round

Tech Gist Africa by Tech Gist Africa
02/22/2023
in Funding, News - West Africa
0 0
0
Qotto Benin, Burkina Faso

Qotto Benin, Burkina Faso

0
SHARES
Share on FacebookShare on Twitter

Qotto, a company that sells solar kits and has operations in Burkina Faso and Benin, has secured $8 million in a Series A equity-debt round. 

In addition to the Off-Grid Energy Access Fund (FEI-OGEF), Cordaid, and Qotto’s current investors, the IBL group led the round. 

Qotto was established in 2016 and creates and provides standalone solar kits and lamps to people living in the least electrified areas of Africa. 

“Qotto is well prepared for a market entry in the Ivory Coast due to its consistent rate of development in comparison to the rest of West Africa and after testing and improving operations and services in Benin and Burkina Faso. Also, customers who have had the opportunity to test Qotto products in the nation have voiced a need for and a desire for Qotto to enter the Ivory Coast market, according to Jean-Baptiste Lenoir, co-founder and president of Qotto. 

According to Qotto, its revenue has increased by 50% year over year. As of the end of last year, it had 11,000 active customers, a number it expects to more than double by the end of this year if its growth plans come to fruition. 

With the investment, Qotto intends to grow in its current markets and enter the Ivory Coast, where it will start doing business by the end of this month.

 

Read more on Tech Gist Africa:

Julaya, an Ivorian fintech, has raised $2 million to help businesses in West Africa digitize their payments

Norebase, a Nigerian trade-tech startup, has received $1 million in pre-seed funding

Gozem, a Francophone African super app, has received a $5 million Series A funding round

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Kera Senegal
Funding

KERA, a Senegalese E-Health Startup Secures $10 Million Funding

by Tech Gist Africa
06/15/2025
0

Senegalese e-health startup KERA Health Platforms has raised US$10 million in funding from the International Finance Corporation (IFC), a member...

Read more
Nile South Africa

Nile, a South African Agri-Tech Startup Secures $11.3 Million in a funding round

06/15/2025
Salpha Energy Nigeria

Salpha Energy, a Nigerian Clean Energy Startup Secures $1.3 Million Investment

06/15/2025
COREangels

COREangels MEA Launches $10 Million Fund to Support Early-Stage Startups in the Middle East and Africa

06/15/2025
Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

06/15/2025
Next Post
BuuPass Kenya

BuuPass, a B2B2C platform for managing buses in Kenya, has secured $1.3 million in pre-seed funding

rice business plan competition 2023

Applications are now being accepted for the 2023 Rice Business Plan Competition from student startups in Africa

bolt Ride sharing app Tech Gist Africa

Bolt is planning to invest $530 million in Africa

No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.