Tech Company Financing Transactions
Qotto Funding Round
Qotto, operating out of Neuilly Sur Seine, secured $8 million from Cordaid, IBL and The Off-Grid Energy Access Fund.
Transaction Overview
Company Name
Announced On
2/13/2023
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$8,000,000
Round
Series A
Proceeds Purpose
Qotto designs and distributes standalone solar kits and lanterns to individuals residing in the least electrified regions of Africa. Through a pay-to-own model , it avails its products to individuals in sub-Saharan Africa that are off-grid owing to underdeveloped national power grids.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
176 Av Charles De Gaulle
Neuilly Sur Seine, 92200
FR
Neuilly Sur Seine, 92200
FR
Phone
Website
Email Address
Overview
The Qotto Light kit is a panel, a battery, enough to connect 4 lamps and USB ports to charge mobile phones. With Qotto life goes on when the sun has gone down. You can read, write, count, play even after dark. And no matter what, the phone is always charged when needed. The Qotto TV kit is a panel, a battery, enough to connect 4 lamps and a television, always with USB ports to charge mobile phones. In addition to light, we have access to information, culture, entertainment, cinema. And TV brings family, friends and neighbors together! You can also add the decoder of your choice, Satellite or Canal+.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jean-Baptiste Lenoir
Co-Founder
Fabrice Gaudemar
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We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are derived from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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