Private equity consortium backs d.Light with $22.5mln

d.light, the solar lighting and power products company with operations in Africa and Asia has landed $22.5 million in financing from a consortium including private equity investors including KawiSafi Ventures Fund, Energy Access Ventures, Omidyar Network and NewQuest Capital Partners.

The financing was made up of a $15 million Series ‘D’ round as well as $2.5 million in debt funding raised through SunFunder, a solar finance debt investor based in San Francisco and Tanzania. The balance of the financing comes in the form of $5 million in grants from the Shell Foundation, the U.S. Agency for International Development’s Development Innovation Ventures arm and the United Nations Capital Development Fund.

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