Darway Coast
OperatingDarway Coast delivers scalable clean energy to underserved Nigerian communities via mini-grid.
- Renewable Energy
- Lagos, Nigeria
- Debt Financing
- Founded 2015
- darwaycoast.com ↗
- Total raised
- $25.9M
- disclosed
- Last round
- $5M
- Funding Round
- Rounds
- 6
- since 2015
- Investors
- 5
- on record
- Employees
- 51-200
About Darway Coast
Darway Coast Ltd. is a Nigerian renewable energy developer dedicated to delivering scalable, cost-effective mini-grid and micro-grid solutions to off-grid and underserved communities. With operations across multiple states, the company is redefining access to clean energy by building sustainable power ecosystems that foster economic growth, improve quality of life, and reduce carbon emissions.
Darway Coast has successfully deployed numerous mini-grids, serving thousands of actively paying customers, and is targeting 10 million people by 2029. Its offerings include Commercial & Industrial (C&I) systems, hybrid solar solutions, and pay-as-you-go energy plans, backed by strong financing, regulatory support, and deep community engagement.
Darway Coast funding6 rounds
All 6 rounds →Darway Coast has raised $25.9M across 6 disclosed rounds. The latest is a $20M Debt Financing announced 06 Oct 2025, led by International Finance Corporation.
- $50KGrantGrant, $50K, $50K raised to date
- $700KDebt FinancingDebt Financing, $700K, $750K raised to date
- $100KConvertible NoteConvertible Note, $100K, $850K raised to date
- $5MFunding RoundFunding Round, $5M, $5.8M raised to date
- $20MDebt FinancingDebt Financing, $20M, $25.9M raised to date
SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn
Who has invested in Darway Coast
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 06 Oct 2025 | Darway Coast Debt Financing | International Finance Corporation | $20M |
| 06 Oct 2025 | Darway Coast Funding Round | Norfund | $5M |
| 01 Sep 2023 | Darway Coast Convertible Note | Not disclosed | $100K |
| 22 May 2022 | Darway Coast Debt Financing | All On | $700K |
| 01 Jan 2018 | Darway Coast Seed | The Institute of Electrical and Electronics Engineers (IEEE) | Not disclosed |
| 01 Jan 2018 | Darway Coast Grant | United States African Development Foundation (USADF) | $50K |
Darway Coast founders & team
- Augustine UrehCoFounder & COO
- Henry UrehFounder & CEO
Darway Coast competitorssame sector · similar funding
- Grid AfricaJohannesburg, South Africa
- Boreal LightNairobi, Kenya
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Frequently asked about Darway Coast
- Where is Darway Coast based and when was it founded?
- Darway Coast is headquartered in Lagos, Nigeria and was founded in 2015.
- Who founded Darway Coast?
- Darway Coast was founded by Augustine Ureh (CoFounder & COO) and Henry Ureh (Founder & CEO).
- Who is the CEO of Darway Coast?
- Henry Ureh is Darway Coast's Founder & CEO.
- How much funding has Darway Coast raised?
- Darway Coast has raised $26M across 6 disclosed rounds. Its latest, a $20M Debt Financing, was announced on Oct 06, 2025.
- Who has invested in Darway Coast?
- Backers include International Finance Corporation, Norfund, All On, The Institute of Electrical and Electronics Engineers (IEEE) and 1 other.
- What sector is Darway Coast in?
- Darway Coast operates in Renewable Energy, Energy and Rural Electrification.
