DPI-backed Persistent Energy Capital LLC announced that it has raised USD 10M in equity in its Series C round. The investors also obtained a seat on the Board of Directors. Two world level institutional investors, Kyuden International Corporation and FSD Africa Investments, have led the round and will enable Persistent to continue to grow its successful climate venture building business in Africa.
Persisten Energy wanted to express special gratitude to DPI Energy Ventures Pte. Ltd. for our strong support and renewed investment in the Series C.
The newly raised capital will enable Persistent to strengthen the team across the continent and scale its climate venture building activities in Africa.
DPI believes that the Series C will have a great positive impact, potentially improving 2 million people’s lives, creating 6,000 jobs and avoiding 700,000 tCO2e.
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