Acumen
Acumen is a nonprofit organization established in 2001 and based in New York City, with additional offices in Mumbai, Nairobi, Karachi, and Accra. The organization is dedicated to poverty eradication by raising charitable funds to invest in early-stage companies that provide essential services such as clean energy, healthcare, education, agricultural inputs, formal housing, and safe drinking water to low-income communities. Acumen has made significant investments totaling $128 million in 128 companies across 14 countries, impacting the lives of over 308 million individuals. The organization collaborates with notable partners, including the Rockefeller Foundation, the Bill & Melinda Gates Foundation, and Google.org, to address critical challenges faced by underserved populations.
Top Stages
Past deals in Sierra Leone
Easy Solar
Venture Round in 2023
Easy Solar is a prominent energy distribution company focused on providing solar solutions to off-grid communities in West Africa, particularly in Sierra Leone and Liberia. The company offers high-quality solar products, such as solar lanterns and solar home systems, aimed at individuals with limited or no access to traditional electricity. Customers can finance their purchases through affordable payment plans, which include an initial deposit followed by weekly or monthly installments, with payment options available via cash or mobile money. Since its inception, Easy Solar has positively impacted over 400,000 beneficiaries, leveraging a vast network of agents and outlets to ensure accessibility and convenience for its clients.
Easy Solar
Series A in 2020
Easy Solar is a prominent energy distribution company focused on providing solar solutions to off-grid communities in West Africa, particularly in Sierra Leone and Liberia. The company offers high-quality solar products, such as solar lanterns and solar home systems, aimed at individuals with limited or no access to traditional electricity. Customers can finance their purchases through affordable payment plans, which include an initial deposit followed by weekly or monthly installments, with payment options available via cash or mobile money. Since its inception, Easy Solar has positively impacted over 400,000 beneficiaries, leveraging a vast network of agents and outlets to ensure accessibility and convenience for its clients.
PowerGen Renewable Energy
Series B in 2019
PowerGen Renewable Energy is a leading provider of energy solutions in East Africa, focused on transforming energy access for residential, community, commercial, government, and industrial customers. Founded in 2011 and headquartered in Nairobi, Kenya, with additional offices in Arusha, Tanzania; Freetown, Sierra Leone; and Lagos, Nigeria, the company specializes in the development, construction, and operation of solar mini-grids. PowerGen offers a range of services including engineering, procurement, construction, and financing, ensuring affordable and reliable power for communities that are not connected to national electricity networks. As a pioneer in the solar mini-grid sector, PowerGen is committed to driving the clean energy transition across Africa and is a founding member of the Africa Mini-grid Developers Association, collaborating with various sector leaders to enhance energy access in the region.
Easy Solar
Seed Round in 2018
Easy Solar is a prominent energy distribution company focused on providing solar solutions to off-grid communities in West Africa, particularly in Sierra Leone and Liberia. The company offers high-quality solar products, such as solar lanterns and solar home systems, aimed at individuals with limited or no access to traditional electricity. Customers can finance their purchases through affordable payment plans, which include an initial deposit followed by weekly or monthly installments, with payment options available via cash or mobile money. Since its inception, Easy Solar has positively impacted over 400,000 beneficiaries, leveraging a vast network of agents and outlets to ensure accessibility and convenience for its clients.
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