Gridless
OperatingGridless deploys distributed, run-of-river hydroelectric bitcoin mining to accelerate the electrification of rural Africa and decentralize.
- Cryptocurrency
- Nairobi, Kenya
- Seed
- Founded 2022
- gridlesscompute.com ↗
- Total raised
- $2M
- disclosed
- Last round
- $2M
- Seed
- Rounds
- 2
- since 2022
- Investors
- 3
- on record
- Employees
- 11-50
About Gridless
Gridless deploys distributed, run-of-river hydroelectric bitcoin mining to accelerate the electrification of rural Africa and decentralize Bitcoin mining more globally. There is immense demand for reliable, clean, and affordable energy across Africa, yet mini-grid energy generators struggle for sustainability. Gridless works with renewable, rural, mini-grid energy generators to monetize the full capacity of their output as a buyer of last resort, as well as serving as an anchor tenant for new energy generation creation.
Gridless funding2 rounds
All 2 rounds →Gridless has raised $2M across 2 disclosed rounds. The latest is a $2M Seed announced 06 Dec 2022, led by StillMark.
Who has invested in Gridless
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 06 Dec 2022 | Gridless Seed | StillMark +1 | $2M |
| 01 Apr 2022 | Gridless Angel | Factor[e] Ventures | Not disclosed |
Gridless founders & team
- Janet MaingiCo-Founder
- Erik HersmanCo-Founder & CEO
Gridless competitorssame sector · similar funding
- First ElectricLagos, Nigeria
- Zonful EnergyHarare, Zimbabwe
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Frequently asked about Gridless
- Where is Gridless based and when was it founded?
- Gridless is headquartered in Nairobi, Kenya and was founded in 2022.
- Who founded Gridless?
- Gridless was founded by Janet Maingi (Co-Founder) and Erik Hersman (Co-Founder & CEO).
- Who is the CEO of Gridless?
- Erik Hersman is Gridless' Co-Founder & CEO.
- How much funding has Gridless raised?
- Gridless has raised $2M across 2 disclosed rounds. Its latest, a $2M Seed, was announced on Dec 06, 2022.
- Who has invested in Gridless?
- Backers include StillMark, Block and Factor[e] Ventures.
- What sector is Gridless in?
- Gridless operates in Cryptocurrency, Bitcoin and CleanTech.
