
Powerhive
OperatingPowerhive is a Kenyan startup that provides resilient energy infrastructure for off-grid communities.
- Software
- Nairobi, Kenya
- Series B
- Founded 2011
- powerhive.com ↗
- Total raised
- $43.8M
- disclosed
- Last round
- $9.3M
- Series B
- Rounds
- 4
- since 2011
- Investors
- 7
- on record
- Employees
- 51-200
About Powerhive
Powerhive is a technology venture founded in 2011 that partners with utilities and independent power producers to provide access to productive, affordable and reliable mini-grid electricity for millions of rural homes and businesses around the globe. Our proprietary technology platform and business model enables the financing, monetization, and management of off-grid utility solutions. We are headquartered in Berkeley, CA. Powerhive’s technology platform enables financing and monetization of distributed microgrids by reducing costs and stabilizing investment risk. Our cloud-based software application and proprietary smart meter automate account management tasks, remotely monitor and control microgrid operations and run real-time data analytics. Powerhive’s solution allows customers to prepay for electricity through mobile money networks and gain access to an affordable electricity supply that can power small appliances and income generating equipment in addition to lights and mobile phone chargers. Powerhive equips investors, project developers, and electricity providers with the tools necessary to deploy sustainable off-grid energy solutions in communities far beyond the reach of grid infrastructure.
Powerhive funding4 rounds
All 4 rounds →Powerhive has raised $43.8M across 4 disclosed rounds. The latest is a $9.3M Series B announced 09 Jul 2019, led by Toyota Tsusho.
- $2.5MDebt FinancingDebt Financing, $2.5M, $2.5M raised to date
- $12MVentureVenture, $12M, $14.5M raised to date
- $20MSeries ASeries A, $20M, $34.5M raised to date
- $9.3MSeries BSeries B, $9.3M, $43.8M raised to date
SLA Funding Index · grey is capital raised before each round
Who has invested in Powerhive
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 09 Jul 2019 | Powerhive Series B | Toyota Tsusho +5 | $9.3M |
| 25 Jan 2016 | Powerhive Series A | Prelude Ventures +3 | $20M |
| 09 Dec 2015 | Powerhive Venture | Enel Green Power | $12M |
| 21 Feb 2014 | Powerhive Debt Financing | Not disclosed | $2.5M |
Powerhive founders & team
Full team →- Rik WutsCo-founder & VP, business development
- Zachary AyiekoExecutive Chairman, Powerhive East Africa
- Christopher HornorPresident & CEO
- Austin HarrisCFO & COO
Powerhive competitorssame sector · similar funding
- HydroboxNairobi, Kenya
- Virunga PowerNairobi, Kenya
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Frequently asked about Powerhive
- Where is Powerhive based and when was it founded?
- Powerhive is headquartered in Nairobi, Kenya and was founded in 2011.
- Who founded Powerhive?
- Powerhive was founded by Rik Wuts (Co-founder & VP, business development).
- Who is the CEO of Powerhive?
- Christopher Hornor is Powerhive's President & CEO.
- How much funding has Powerhive raised?
- Powerhive has raised $44M across 4 disclosed rounds. Its latest, a $9.3M Series B, was announced on Jul 09, 2019.
- Who has invested in Powerhive?
- Backers include Caterpillar Ventures, Prelude Ventures, Tao Capital Partners, Total Carbon Neutrality Ventures and 3 others.
- What sector is Powerhive in?
- Powerhive operates in Software, Cloud Computing and Energy.