Persistent

Persistent is a venture capital firm established in 2012 and based in Nairobi, Kenya. The firm specializes in investing in early-to-growth-stage companies, particularly in underserved markets. It focuses on sectors such as climate, renewable energy, e-mobility, agricultural technology, solar energy, and water. Persistent provides both financial capital and operational support to exceptional entrepreneurs, aiming to generate attractive financial returns while creating lasting social and environmental impacts. One of its initiatives, Persistent Energy Partners, is dedicated to improving access to basic energy services for off-grid households in sub-Saharan Africa, offering essential services like electric light, mobile phone charging, and Internet connectivity. Through its venture-building model, Persistent seeks to incubate businesses that adopt a commercial approach to meet the needs of low-income customers.

Thomas Gallas

Principal and Venture Builder

Jens Godat

COO and Partner

Toukam Ngoufanke

Principal and Venture Builder

Eva Stolz

Venture Builder

Olu Verheijen

Partner

Past deals in Electricity

Hohm Energy

Seed Round in 2022
Hohm Energy is an online marketplace based in Gauteng, South Africa, founded in 2021. The company specializes in facilitating the adoption of solar energy by connecting customers with accredited solar providers, product suppliers, and financiers. Its platform offers a comprehensive solar purchasing experience, utilizing scalable technology to manage the entire transition process. This includes scoping solutions, overseeing installations, and providing ongoing operations and maintenance support. By building a global solar network, Hohm Energy aims to promote the transition to renewable energy and contribute to a lower-carbon future.

Daystar Power

Series A in 2019
Daystar Power specialises in providing solar power and energy efficiency solutions for businesses in the commercial, industrial, and agricultural sectors that result in significant reduction of power costs, diesel consumption and pollution.

Zonful Energy

Seed Round in 2018
Zonful Energy Pvt (Ltd). sells and installs solar home systems in Zimbabwe. The company was founded in 2014 and is based in Harare, Zimbabwe.

Zonful Energy

Corporate Round in 2018
Zonful Energy Pvt (Ltd). sells and installs solar home systems in Zimbabwe. The company was founded in 2014 and is based in Harare, Zimbabwe.

Devergy

Seed Round in 2015
Devergy, a social energy utility, provides electricity services to low-income people in developing countries, including Tanzania. Its service is based on village-sized energy micro-grids, which provide solar power to households and businesses. The company is based in Ghana.
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