Powerstove Energy
OperatingPowerstove Energy is a Nigerian startup which uses technology to deliver a smokeless, IoT-enabled cookstove that generates electricity.
- Renewable Energy
- Abuja, Nigeria
- Debt Financing
- Founded 2018
- powerstove.com.ng ↗
- Total raised
- $1.8M
- disclosed
- Last round
- $1.2M
- Debt Financing
- Rounds
- 7
- since 2018
- Investors
- 8
- on record
- Employees
- 2-10
Powerstove Energy funding and investors
Powerstove Energy has raised $1.8M across 7 disclosed rounds. The latest is a $1.2M Debt Financing announced 03 Jun 2026.
- Lead investors
- 4
- Largest round
- $1.2M
- Average round
- $450K
- disclosed rounds
- Round cadence
- 10 mo
- average gap
- $500KGrantGrant, $500K, $500K raised to date
- $50KConvertible NoteConvertible Note, $50K, $550K raised to date
- $50KGrantGrant, $50K, $600K raised to date
- $1.2MDebt FinancingDebt Financing, $1.2M, $1.8M raised to date
SLA Funding Index · grey is capital raised before each round · 3 undisclosed rounds not drawn
Powerstove Energy funding rounds7 · newest first
- Debt Financing$1.2M
03 Jun 2026
- Grant$50K
01 Dec 2022
- GrantUndisclosed
05 May 2022 · led by Clean Cooking Alliance
- Non-equity AssistanceUndisclosed
11 Mar 2022 · led by Africa Startup Initiative
- Convertible Note$50K
21 Jan 2022
- Grant$500K
01 Nov 2021 · led by AFR100
- GrantUndisclosed
12 Mar 2021 · led by Jua Kickstarter Fund
| Announced | Round | Lead · other investors | Amount |
|---|---|---|---|
| 03 Jun 2026 | Debt Financing | Cascador | $1.2M |
| 01 Dec 2022 | Grant | United States African Development Foundation (USADF), All On | $50K |
| 05 May 2022 | Grant | Clean Cooking Alliance | Undisclosed |
| 11 Mar 2022 | Non-equity Assistance | Africa Startup Initiative · Jua Fund | Undisclosed |
| 21 Jan 2022 | Convertible Note | All On | $50K |
| 01 Nov 2021 | Grant | AFR100 | $500K |
| 12 Mar 2021 | Grant | Jua Kickstarter Fund | Undisclosed |
Investors in Powerstove Energy8 · leads first
| Investor | Role | Rounds | First |
|---|---|---|---|
| Jua Kickstarter FundVenture Capital | Lead | Grant | Mar 2021 |
| AFR100Government | Lead | Grant | Nov 2021 |
| Africa Startup Initiative | Lead | Non-equity Assistance | Mar 2022 |
| Clean Cooking AllianceCorporate VC | Lead | Grant | May 2022 |
| All OnImpact Investor | Participant | Convertible Note, Grant | Jan 2022 |
| Jua FundVenture Capital | Participant | Non-equity Assistance | Mar 2022 |
| United States African Development Foundation (USADF)Impact Investor | Participant | Grant | Dec 2022 |
| CascadorPrivate Equity | Participant | Debt Financing | Jun 2026 |
Frequently asked about Powerstove Energy
- How much funding has Powerstove Energy raised?
- Powerstove Energy has raised $1.8M across 7 disclosed rounds. Its latest, a $1.2M Debt Financing, was announced on Jun 03, 2026.
- Who has invested in Powerstove Energy?
- Backers include Cascador, United States African Development Foundation (USADF), All On, Clean Cooking Alliance and 4 others.
Profile updated Source: SLA Startup IndexHow we count →
