Sun King
December 2025 · KenyaGrowth40 M$EquityEnergyLead
Activity : Off-grid solar and solar kits
Sun King has raised USD 40 M in equity financing from Lightrock to accelerate its expansion across Africa and Asia.
Source : weetracker.com
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Lightrock
Public data, unclaimed profileInvestisseur référencé à partir d'opérations publiées. Secteurs, pays, instruments et tickets affichés d'après ses opérations ; le fonds peut revendiquer sa fiche pour préciser sa thèse.
At a glance
Based on observed investment behaviour: 2 recorded deals
- Investor type
- Private equity or venture capital fund (inferred, not verified)
- Capital type
- Private equity (inferred from profile)
- Observed ticket
- 40 M$ – 110 M$, median 75 M$ (2 disclosed amounts)
- Countries
- Kenya (1), Nigeria (1)
- Activities
- Off-grid solar and solar kits (1), Payments and mobile money (1)
- Instruments
- Equity (2)
- Stages
- Growth (1), Series C+ (1)
- Recent activity
- 1 deal in 12 months, latest Dec 2025
Stated thesis versus observed behaviour
Fewer than three recorded deals: insufficient evidence to compare thesis and behaviour.
Does this fund fit your project?
Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.
Investment thesis
Criteria inferred from recorded deals: the fund has not stated its thesis yet.
- Investment ticket
- 40 M$*
- Instruments
- Equity*
- Preferred sectors
- Energy*, Fintech*
- Target geographies
- Kenya*, Nigeria*
- Stages (stated by the fund and from its deals)
- Series C+Growth
- Website
- https://lightrock.com
* added from its deals
Reference deals
Recent public deals: they say better than a thesis what the fund actually signs.
Moniepoint
October 2024 · NigeriaSeries C+110 M$EquityFintechCo-Invest
Co-investor alongside DPI (Development Partners International)
Activity : Payments and mobile money
Instrument : Série C clôturée à 200 M$ en octobre 2025 (LeapFrog en ancrage de la clôture finale) · Vehicle : African Development Partners III
Fintech ecosystem providing payments, banking, credit and management tools to businesses and their customers.
Why they invested
- Moniepoint is a major business-banking provider in Nigeria.
- The company has strong adoption of its payment solutions.
- The investment is intended to scale digital payments and banking services.
Advisers
- Financial Technology Partners — conseil financier et stratégique exclusif, company side
Co-investors Google Africa Investment Fund, LeapFrog Investments, Verod Capital
Source : dpi-llp.comN1 · Primary source
In short
Lightrock invests tickets ranging from 40 M$ to 40 M$, across the following sectors: Energy and Fintech, in the following areas: Kenya and Nigeria. Check in 30 seconds whether your company fits these criteria.