Beacon Power Services

Harnessing the power of data to improve energy access across Africa

Founded 2010 Nigeria

Ikeja, Nigeria 218 employees Series A Total: $11.86M Energy, Energy Efficiency

Beacon Power Services, founded in 2010, stands at the forefront of providing data and software solutions tailored for Africa’s power sector. Operating out of its headquarters in Nigeria, the company focuses on the Energy and Energy Efficiency sectors, with a mission aptly captured by its slogan: "Harnessing the power of data to improve energy access across Africa".

Recently, Beacon Power Services secured a significant $9.06M Series A investment on 06 November 2024. This funding round attracted a diverse array of investors including Gaia Impact Fund, Proparco, Seedstars Africa Ventures, Kaleo Ventures, Partech, On.Capital, Global Brain Corporation, Finnfund, and Clermount. This boost is a strong vote of confidence in the company's innovative solutions in enhancing energy efficiency and access across the continent.

Overall, Beacon Power Services represents a strategic opportunity for investors looking to support impactful technological advancements in Africa's energy landscape.

Funding Stage	Amount	Investors	Lead Investors	Date
Series A	$9.06M	9	Gaia Impact Fund, Proparco +7	06 Nov 2024
Seed Round	$2.70M	8	Factor[e] Ventures, Ardent Venture Partners +6	05 Aug 2022
Seed Round	$100.00K	1	Kaleo Ventures	15 Mar 2022

Funding Stage

Amount

Investors

Lead Investors

Date

Series A

$9.06M

Gaia Impact Fund, Proparco +7

06 Nov 2024

Seed Round

$2.70M

Factor[e] Ventures, Ardent Venture Partners +6

05 Aug 2022

Seed Round

$100.00K

Kaleo Ventures

15 Mar 2022

FAQ About Beacon Power Services

Harnessing the power of data to improve energy access across Africa

Beacon Power Services was founded in 2010.

Beacon Power Services is headquartered in Ikeja, Nigeria.

Beacon Power Services operates in Energy and Energy Efficiency. Its work centres on AI-Enabled Grid Management, Real-Time Network Performance, Utility Asset Connectivity and Outage Anticipation. Its customers include Utility Companies, Energy Sector Businesses and Residential Energy Consumers.

Beacon Power Services has approximately 218 employees.

Beacon Power Services has completed 3 funding rounds, raising a total of $11.86M. The latest funding stage is Series A.

Beacon Power Services offers: Customer and Asset Information Management System (CAIMS), Grid Network Management (Adora), Energy Management Application (Xepp).

Top alternatives and competitors to Beacon Power Services include Landis+Gyr, Husk Power, Ether Applications, S-Labs , Gradyent. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Beacon Power Services and Landis+Gyr are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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FAQ About Beacon Power Services