SunCulture cultivates $14m series A

Dec 8, 2020 • Jordan Williams

EDF and Dream Project Incubators are investing in the Africa-based solar system provider, the former having launched a partnership with it two years ago.

Kenya-based solar technology provider SunCulture has raised $14m in a series A round backed by energy utility EDF and renewable energy project developer Dream Project Incubators.

Investment firm Acumen Capital Partners and private equity fund Energy Access Ventures also participated in the round, which followed an undisclosed amount of funding from EDF in August 2018 through a partnership agreement.

Founded in 2013, SunCulture sells solar panels, water pumps and irrigation systems to smallholder farmers in Africa, offering a pay-as-you-grow financing…

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