Startups
Rensource is a leading renewable energy and merchant services company revolutionizing energy provision in Africa by building and operating clean energy based micro-utilities.
Overview
Location
Nigeria, Lagos
Employees
51-200
Phone
+234 901 415 0103
Total raised
$24.08M
Founded date
2015
Investors 3
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
| Playfair Capital | playfair.vc | |
| CRE Venture Capital | cre.vc |
Funding Rounds 3
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| Aug 2, 2018 | Funding round | $583.13K | |
| Feb 5, 2018 | Funding round | $3.5M |
Mentions in press and media 23
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Apr 17, 2020 | Covid-19 and African tech startups roundup [17/04/2020] | The SA government has amended the country’s lockdown regulations to allow more businesses to operate during the lockdown. This, while UCook CEO David Torr (pictured above) has announced the launch of a fund to feed as many South Africans in... |
| Jan 3, 2020 | African Startups that Received Funding above $20Million in 2019 | Capital is the power nerve and brain box of every venture. It determines the lifespan of the venture and helps the business scale its market power to compete favorably with other startups in the market. In this piece, we take a cursory look... |
| Dec 19, 2019 | Energy Startup Rensource Secures $20 Million to Grow and Expand Market Offerings | Rensource has secured $20 million series A funding. The Nigeria-based energy startup will use the funds to grow its technology offerings and expand across Nigeria and Africa. The company secured the funding from CRE Venture Capital and the ... |
| Dec 18, 2019 | Rensource Energy secures $20 million series A led by CRE Venture Capital and Omidyar Network | Share this article: Rensource Energy, a Lagos-based renewable energy startup, has raised $20 million series A to offer additional services to its micro-energy business. This is coming after the startup raised $3.5 million and €500,000 in br... |
| Dec 18, 2019 | Rensource Energy secures $20 million series A led by CRE Venture Capital and Omidyar Network | Almost two years after raising $3.5 million in bridge financing, renewable energy startup, Rensource Energy, has raised $20 million in series A to expand and offer more services. |
| Dec 18, 2019 | Rensource, renewable energy startup, raises $20m to power more Nigerian SMEs | Renewable energy startup, Rensource, has completed a $20m funding round to boost its capacity to provide technology-enabled power solutions in Nigeria. Rensource builds and operates off-grid solar technologies for marketplaces, serving over... |
| Dec 17, 2019 | Nigeria’s Rensource raises $20M to power African markets by solar | Nigerian startup Rensource Energy has raised a $20 million Series A round co-led by CRE Venture Capital and the Omidyar network. The renewable energy company builds and operates solar-powered micro-utilities that provide electricity to comm... |
| Aug 2, 2018 | Rensource Energy raises €500,000 to solve Nigeria’s electricity problem | In a bid to solve Nigeria’s electricity problem by helping small and medium-sized enterprises to replace the heavy usage of fossil fuel-powered generators with solar systems, Lagos-based renewable energy startup, Rensource, has announced th... |
| Aug 1, 2018 | Nigerian energy startup, Rensource secures €500,000 debt financing | Share this article: Lagos-based renewable energy startup, Rensource, earlier today announced securing a new external investment to the tune of €500,000. In the month of January this year, the renewable energy startup secured $3.5 million in... |
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FAQ about Rensource
When was Rensource founded?
Rensource was founded in 2015.
How much funding has Rensource raised?
Rensource has raised $24.08M in total across 3 funding rounds.
What funding rounds has Rensource raised?
Parsers VC lists 3 funding rounds of Rensource, among them a funding round of $583.13K on Aug 2, 2018 and a funding round of $3.5M on Feb 5, 2018.
Who has invested in Rensource?
Parsers VC lists 3 investors of Rensource, among them Playfair Capital and CRE Venture Capital.
What has the press written about Rensource?
Parsers VC has collected 23 articles mentioning Rensource, among them “Covid-19 and African tech startups roundup [17/04/2020]” (Apr 17, 2020) and “African Startups that Received Funding above $20Million in 2019” (Jan 3, 2020).
Is Rensource still active?
Yes, Rensource is active; its latest activity on Parsers VC dates from Apr 17, 2020.