Altech Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Private

  • Employees
  • 4,500

Employees

  • Latest Deal Type
  • Later Stage VC

  • Investors
  • 5

Altech General Information

Description

Developer of renewable energy products designed to expand access to reliable energy for off- and poor-grid households. The company's products are cost-effective systems that help off-grid customers power a wide range of appliances including solar home systems, solar lamps, and cookstoves, enabling customers to save money, use sustainable energy, and improve environmental outcomes.

Contact Information

Website
www.altech-rdc.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 942, Avenue Colonel Mondjiba
  • Kintambo Magasin, Commune de Ngaliema, DRC
  • Kinshasa
  • Congo
Primary Industry
Alternative Energy Equipment
Other Industries
Electronics (B2C)
Household Appliances
Vertical(s)
CleanTech, LOHAS & Wellness, TMT
Corporate Office
  • 942, Avenue Colonel Mondjiba
  • Kintambo Magasin, Commune de Ngaliema, DRC
  • Kinshasa
  • Congo

Altech Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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Altech Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
11. Later Stage VC 24-May-2024 000.00 Completed Generating Revenue
10. Debt - General 18-Apr-2023 0000 000.00 Completed Generating Revenue
9. Debt Repayment 06-Apr-2023 00.000 Completed Generating Revenue
8. Debt - General 30-Nov-2022 00000 00.000 Completed Generating Revenue
7. Grant 13-Sep-2022 00.00 00.000 Completed Generating Revenue
6. Debt - General 31-May-2022 00.000 00.000 Completed Generating Revenue
5. Debt - General 16-Oct-2020 00000 00000 Completed Generating Revenue
4. Grant 13-Jan-2020 00000 Completed Generating Revenue
3. Grant 01-Jan-2018 $405K Completed Startup
2. Early Stage VC 01-Jan-2017 Completed Generating Revenue
To view Altech’s complete valuation and funding history, request access »

Altech Executive Team (3)

Name Title Board Seat
Iongwa Mashangao Co-Founder & Co-Chief Executive Officer
Washikala Malongo Co-Founder & Co-Chief Executive Officer
Manuela Bock Chief Financial Officer
To view Altech’s complete executive team members history, request access »

Altech Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Altech Investors (5)

Investor Name Investor Type Holding Investor Since Participating Rounds
Shorooq Partners Venture Capital Minority 000 0000 000000 0
Humanitarian Grand Challenge Corporation Minority 000 0000 000000 0
United Nations Capital Development Fund Government 000 0000 000000 0
Swiss Re Foundation Impact Investing 000 0000 000000 0
Persistent Venture Capital Minority 000 0000 000000 0
To view Altech’s complete investors history, request access »

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Altech FAQs

  • When was Altech founded?

    Altech was founded in 2013.

  • Who is the founder of Altech?

    Iongwa Mashangao and Washikala Malongo are the founders of Altech.

  • Who is the CEO of Altech?

    Iongwa Mashangao and Washikala Malongo are the CEOs of Altech.

  • Where is Altech headquartered?

    Altech is headquartered in Kinshasa, Congo.

  • What is the size of Altech?

    Altech has 4,500 total employees.

  • What industry is Altech in?

    Altech’s primary industry is Alternative Energy Equipment.

  • Is Altech a private or public company?

    Altech is a Private company.

  • What is Altech’s current revenue?

    The current revenue for Altech is 00000.

  • How much funding has Altech raised over time?

    Altech has raised $20.9M.

  • Who are Altech’s investors?

    Shorooq Partners, Humanitarian Grand Challenge, United Nations Capital Development Fund, Swiss Re Foundation, and Persistent have invested in Altech.

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