Kenyan clean-energy provider, Paygo has raised US$1.43-million in Series Seed debt and equity funding. The clean energy provider uses an innovative solution that allows households to cook using clean burning liquefied petroleum gas (LPG) in small amounts.
The company’s investors consist of Novastar ventures, Energy Access Ventures (EAV), Village Capital and the Global Innovation Fund. It also includes Global Partnerships/Eleos Social Venture Fund.
“A billion households are forced to cook with dirty fuels every day, which is not only a serious development challenge but also a significant market opportunity.
