GJO & PartnersInvest Matching

Energy in Nigeria: funding deals and active investors

One of the best-documented segments on the platform. Latest rounds, investors who lead them, tickets and instruments — Energy, Nigeria.

28

deals recorded

12

over 12 months

7.3 M$

median disclosed ticket

33

identified investors

Key findings

  • 28 funding deals recorded (Energy, Nigeria) since 2012, involving 24 companies and 33 identified investors. 12 of them over the last 12 months (6 the previous year).
  • Median disclosed ticket: 7.3 M$; half of the deals fall between 2.6 M$ and 19.5 M$ (16 amounts disclosed out of 28, 967.8 M$ in total).
  • Where the money goes: Commercial & industrial energy (18 %), Off-grid solar and solar kits (18 %), Productive use: solar cooling and pumping (14 %).
  • Most frequent stage: Growth (54 %); most used instrument: Equity (50 %).
  • Most active investors: All On (3), Cascador (3), Helios Investment Partners (3).
  • 25 % of deals are syndicated (at least two investors around the table).

Industries

  • Commercial & industrial energy5
  • Off-grid solar and solar kits5
  • Productive use: solar cooling and pumping4
  • Mini-grids and rural electrification3
  • Oil and gas (upstream and gas infrastructure)3

Stages

  • Growth15
  • Debt3
  • Pre-Seed3
  • Seed2
  • Series A1

Instruments

  • Equity14
  • Senior debt8
  • Quasi-equity1

Deals per year

YearDealsDisclosed amounts
20211—
20221—
202317 M$
20258799.8 M$
20261099 M$

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
PowerstoveClean cooking · Nigeria · GrowthJun 20261.2 M$Cascadorsource
First ElectricCommercial & industrial energy · Nigeria · GrowthJun 2026357 k$Cascadorsource
KoolboksProductive use: solar cooling and pumping · Nigeria · GrowthJun 20261.4 M$Cascadorsource
MAXElectric mobility · Nigeria · DebtMay 20268 M$Triple Jumpsource
InstollarOff-grid solar and solar kits · Nigeria · SeedApr 2026undisclosedDelta40source
PowerLabsCommercial & industrial energy · Nigeria · Pre-SeedApr 2026undisclosedBreegasource
InstollarOff-grid solar and solar kits · NigeriaApr 2026undisclosedAcumensource
MAXElectric mobility · Nigeria · GrowthJan 202624 M$Equitanesource
Energy Assured NigeriaProductive use: solar cooling and pumping · Nigeria · GrowthJan 2026undisclosedAcumensource
Levene Energy Development LimitedOil and gas (upstream and gas infrastructure) · Nigeria · GrowthJan 202664 M$Afreximbank (Banque africaine d'import-export)source
Heirs Energies LimitedOil and gas (upstream and gas infrastructure) · Nigeria · DebtDec 2025750 M$Afreximbank (Banque africaine d'import-export)source
Rana EnergyStorage and batteries · Nigeria · Pre-SeedOct 20253 M$FSDH Asset Managementsource
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See also

Method: published funding deals (press releases, specialised media), recorded by Invest Matching's news monitoring and reviewed before integration. Amounts in US dollars; deals without a disclosed amount count in the totals, not in the medians.