Tech Company Financing Transactions
Gridless Funding Round
On 12/9/2022, Gridless landed $2 million in Seed financing from Stillmark, Block and Factor[e] Ventures.
Transaction Overview
Company Name
Announced On
12/9/2022
Transaction Type
Venture Equity
Amount
$2,000,000
Round
Seed
Investors
Proceeds Purpose
The startup's aim is to serve the needs of energy producers in Africa as they seek to electrify the continent and create more affordable power for people in rural communities. It uses bitcoin mining as a tool to accelerate growth in the sector and to further geographically distribute and secure the bitcoin network.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
Undisclosed, Undisclosed
Kenya
Undisclosed, Undisclosed
Kenya
Phone
Undisclosed
Website
Email Address
Overview
There is immense demand for reliable, clean, and affordable energy across Africa, yet mini-grid energy generators struggle for sustainability. Gridless works with renewable, rural, mini-grid energy generators to monetize the full capacity of their output as a buyer of last resort, as well as serving as an anchor tenant for new energy generation creation.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Erik Hersman
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