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2. SunCulture raises $11m to expand across Africa
Kenyan solar irrigation startup SunCulture has announced receiving a US$11 million debt funding to see to the company’s expansion plans across Sub-Saharan Africa.
The 8 year old SunCulture offers solutions tailored to smallholder farmers, combining technology with pay-as-you-go (PAYG) financing and value-add services.
With claims to be the first company to commercialise solar-powered irrigation in Africa, SunCulture, according to press, currently reaches customers across Kenya, Ethiopia, Uganda, Zambia, Senegal, Togo, and Ivory Coast.
The new raiser, which comes after a US$14 million Series A funding round of 2020, was led by SunFunder, a financing company specialised in solar energy.