South African climate-tech startup Plentify has closed an oversubscribed funding round from top African and North American venture investors to fuel its growth in South Africa and commence its international expansion. Plentify is a smart energy company that makes affordable, reliable and clean electricity a reality for everyone by fusing advanced hardware, artificial intelligence and user-centric design. This ensures that appliances deliver desired services, generate major savings on energy bills through efficiency gains, and maximise energy use during clean energy periods while minimising it during constrained times. The startup’s round included a mix of existing and new investors, such as Third Sphere, TELUS Pollinator Fund for Good, Susquehanna Foundation and Fireball Capital. The capital injection will enable Plentify to further accelerate its impressive growth.

Source: The North Africa Journal July 22, 2024 10:37 UTC