Rensource Energy
OperatingRensource allows qualifying companies throughout Nigeria and West Africa to start selling Power-as-a-Service (PaaS) to their customers.
- Energy
- Victoria Island, Nigeria
- Venture
- Founded 2015
- rensource.energy ↗
- Total raised
- $26.7M
- disclosed
- Last round
- $3M
- Venture
- Rounds
- 5
- since 2015
- Investors
- 10
- on record
- Employees
- 151-200
About Rensource Energy
Rensource is a new type of energy company built as a financial services business. Rensource offers a turnkey business opportunity that allows qualifying companies throughout Nigeria and West Africa to start selling Power-as-a-Service (“PaaS”) to their customers. Rensource generates electricity using small solar-hybrid systems that are installed in the premises of the final customer. At the heart of Rensource lies an internal “bank”: a balance sheet financing the solar-hybrid systems, and a credit operation underwriting and servicing the monthly collections from final customers. Rensource´s mission is to make Nigeria the first country in the world relying predominantly on distributed renewables-based power generation.
Rensource Energy funding5 rounds
All 5 rounds →Rensource Energy has raised $26.7M across 5 disclosed rounds. The latest is a $3M Venture announced 27 Jan 2020, led by Proparco.
- $1.1MPre-seedPre-seed, $1.1M, $1.1M raised to date
- $2.1MSeedSeed, $2.1M, $3.2M raised to date
- $540KDebt FinancingDebt Financing, $540K, $3.7M raised to date
- $20MSeries ASeries A, $20M, $23.7M raised to date
- $3MVentureVenture, $3M, $26.7M raised to date
SLA Funding Index · grey is capital raised before each round
Who has invested in Rensource Energy
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 27 Jan 2020 | Rensource Energy Venture | Proparco +1 | $3M |
| 18 Dec 2019 | Rensource Energy Series A | CRE Venture Capital +1 | $20M |
| 01 Aug 2018 | Rensource Energy Debt Financing | TRINE | $540K |
| 30 Jan 2018 | Rensource Energy Seed | Amaya Capital Partners +2 | $2.1M |
| 01 Feb 2016 | Rensource Energy Pre-seed | CRE Venture Capital +4 | $1.1M |
Rensource Energy founders & team
- Jussi SavukoskiCo-Founder
- Ademola AdesinaFounder & CEO
Rensource Energy competitorssame sector · similar funding
- Renewvia EnergyLagos, Nigeria
- RanaAbuja, Nigeria
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Frequently asked about Rensource Energy
- Where is Rensource Energy based and when was it founded?
- Rensource Energy is headquartered in Victoria Island, Nigeria and was founded in 2015.
- Who founded Rensource Energy?
- Rensource Energy was founded by Jussi Savukoski (Co-Founder) and Ademola Adesina (Founder & CEO).
- Who is the CEO of Rensource Energy?
- Ademola Adesina is Rensource Energy's Founder & CEO.
- How much funding has Rensource Energy raised?
- Rensource Energy has raised $27M across 5 disclosed rounds. Its latest, a $3M Venture, was announced on Jan 27, 2020.
- Who has invested in Rensource Energy?
- Backers include Investisseurs & Partenaires, Proparco, Omidyar Network, CRE Venture Capital and 6 others.
- What sector is Rensource Energy in?
- Rensource Energy operates in Energy, PaaS and Renewable Energy.
