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Series A LATEST DEAL TYPE (In Progress)

Provider of power through micro-utilities intended for residential, commercial and industrial users. The company's energy is a replacement to individual fossil-fuel generators on a large scale, enabling people in Nigeria to access to an affordable power supply.

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Alternative Energy Equipment
Other Industries
Household Appliances
Primary Office
  • 3B Tiamiyu Savage Street
  • Victoria Island
  • Lagos, Lagos
  • Nigeria

+234 01 000 0000
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Rensource Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Early Stage VC (Series A) $10.5M 00.000 In Progress Generating Revenue
4. Early Stage VC 01-Nov-2018 00.000 Completed Generating Revenue
3. Debt - General 02-Aug-2018 00000 00.000 Completed Generating Revenue
2. Early Stage VC 30-Jan-2018 $3.5M $3.67M Completed Generating Revenue
1. Seed Round 27-Jul-2016 $175K $175K Completed Generating Revenue
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Rensource Competitors (4)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Starsight Power Utility Private Equity-Backed Lagos, Nigeria 000000000000
00000 0000 000 000 Private Equity-Backed Auckland, New Zealand 00 00.000 0000000 0000 00.000
000000000 00000000 Corporation
0000000000 000000 Corporate Backed or Acquired Fremantle, Australia 00.000 000000000 00.000
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Rensource Investors (9)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
NEoT Capital Other Minority 000 0000 000000 0
Amaya Capital Partners PE/Buyout Minority 000 0000 000000 0
Omidyar Network Impact Investing Minority 000 0000 000000 0
Bamboo Capital Partners PE/Buyout Minority 000 0000 000000 0
Blue Rinc Capital Growth/Expansion Minority 000 0000 000000 0
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Rensource Executive Team (12)

Name Title Board
Ademola Adesina Co-Founder & Chief Executive Officer
Anu Adasolum Chief Operating Officer
Ikem Emelieze Chief Technology Officer
Kolawole Akinboye Director of Projects
Jussi Savukoski Co-Founder, Advisor & Executive Director

5 Former Executives

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Rensource Board Members (5)

Name Representing Role Since Contact
Christopher Aidun JD Persistent Energy Board Member 000 0000
Christopher Foy Rensource Chairman & Advisor 000 0000
David Ladipo Ph.D Amaya Capital Partners Board Member 000 0000
Pardon Makumbe CRE Venture Capital Board Member 000 0000
Sasha Israni Rensource Board Member 000 0000