SolarX
OperatingSolarX provides turnkey solar solutions, financing, and leasing for West African businesses.
- Renewable Energy
- Bamako, Mali
- Debt Financing
- Founded 2020
- solarx-africa.com ↗
- Total raised
- $23.3M
- disclosed
- Last round
- $17.4M
- Debt Financing
- Rounds
- 5
- since 2020
- Investors
- 4
- on record
- Employees
- 11-50
SolarX funding and investors
SolarX has raised $23.3M across 5 disclosed rounds. The latest is a $17.4M Debt Financing announced 14 Nov 2025, led by Afrigreen Debt Impact Fund.
- Lead investors
- 3
- Largest round
- $17.4M
- Average round
- $11.7M
- disclosed rounds
- Round cadence
- 16 mo
- average gap
- $5.9MSeries BSeries B, $5.9M, $5.9M raised to date
- $17.4MDebt FinancingDebt Financing, $17.4M, $23.3M raised to date
SLA Funding Index · grey is capital raised before each round · 3 undisclosed rounds not drawn
SolarX funding rounds5 · newest first
- Debt Financing$17.4M
14 Nov 2025 · led by Afrigreen Debt Impact Fund
- Series B$5.9M
11 Oct 2022 · led by FMO
- Convertible NoteUndisclosed
11 Oct 2022 · led by FMO
- Series AUndisclosed
19 May 2021 · led by E3 Capital
- Series AUndisclosed
07 Jul 2020 · led by E3 Capital
| Announced | Round | Lead · other investors | Amount |
|---|---|---|---|
| 14 Nov 2025 | Debt Financing | Afrigreen Debt Impact Fund | $17.4M |
| 11 Oct 2022 | Series B | FMO | $5.9M |
| 11 Oct 2022 | Convertible Note | FMO | Undisclosed |
| 19 May 2021 | Series A | E3 Capital | Undisclosed |
| 07 Jul 2020 | Series A | E3 Capital · British International Investment | Undisclosed |
Investors in SolarX4 · leads first
| Investor | Role | Rounds | First |
|---|---|---|---|
| E3 CapitalVenture Capital | Lead in all 2 | Series A | Jul 2020 |
| FMOImpact Investor | Lead in all 2 | Convertible Note, Series B | Oct 2022 |
| Afrigreen Debt Impact FundVC | Lead | Debt Financing | Nov 2025 |
| British International InvestmentImpact Investor | Participant | Series A | Jul 2020 |
Frequently asked about SolarX
- How much funding has SolarX raised?
- SolarX has raised $23M across 5 disclosed rounds. Its latest, a $17M Debt Financing, was announced on Nov 14, 2025.
- Who has invested in SolarX?
- Backers include Afrigreen Debt Impact Fund, FMO, E3 Capital and British International Investment.
Profile updated Source: SLA Startup IndexHow we count →
