Persistent has successfully closed its Series B funding round, raising USD 5 million from investors including the Shell Foundation and Dream Project Incubators to enhance its impact in the off-grid energy sector.
Information on the Target
Persistent, founded in 2012, operates as a venture builder focusing on high-impact ventures in emerging markets. The company aims to generate attractive financial returns while addressing critical challenges related to sustainable development. With a decade of experience and a commitment to the Sustainable Development Goals (SDGs), Persistent has positioned itself as a leader in the off-grid energy sector.
The company's business model emphasizes creating and nurturing innovative ventures tailored to the unique challenges faced by emerging markets. The recent closure of their Series B funding round further validates this approach, attracting significant investments from both existing shareholders and new partners.
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Industry Overview in the Target’s Specific Country
The off-grid energy sector is gaining momentum in emerging markets, largely due to the increasing need for sustainable energy solutions. As traditional en
Similar Deals
Persistent
invested in
Shell Foundation, Dream Project Incubators
in 2019
in a Series B deal
Disclosed details
Transaction Size: $5M