Venture backed company SparkMeter closes US$12m Series A financing

AFRICA – SparkMeter, a venture provider of grid management services, equipment, and software solutions that increase access to electricity in underserved communities across Africa, Asia and the Americas, closed a US$12m Series A financing. The round was led by Clean Energy Ventures and Breakthrough Energy Ventures, alongside Goodwell Investments, in partnership with Alitheia Capital, Total Energy Ventures, and other notable…

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Open Society Foundation invests US$10m in women focused fund

AFRICA – Alitheia IDF, a private equity fund, has landed US$10 million from Open Society Foundation, that is owned by American billionaire George Soros.  Alitheia IDF is a joint venture fund between Alitheia Capital, a private equity investment in Nigeria, and IDF Capital in South Africa. It invests in companies that operate in Southern and West Africa that are either women-owned or that…

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