Nigeria’s Beacon Power Services, an energy tech company providing data and grid management solutions to help Africa’s power sector distribute electricity more efficiently, has raised an undisclosed amount of Series A funding to enhance its product offerings and expand into new markets.
Beacon Power Services transforms how African utilities manage the grid by providing data-driven solutions specifically designed to meet the unique needs of the continent’s power sector.
CAIMS (Customer and Asset Information Management System) is an AI-enabled digital mapping (GIS) and address platform that helps utilities gather and organize data more effectively. This allows utilities to make smarter, data-driven decisions and deliver better service to millions of customers. ADORA, meanwhile, offers real-time grid monitoring and control, helping utilities enhance operational efficiency and manage their power distribution more effectively to reduce outages.
Beacon has already seen significant growth in Ghana, and is now set for further expansion after raising an undisclosed amount of Series A funding in round led by Partech, with participation from Finnfund, Gaia impact, Proparco Groupe AFD and previous investors Kaleo Ventures and Seedstars Africa Ventures. Additional investors in the round include Clermount, Global Brain and its CVC partner JGC MIRAI Innovation Fund, and On.Capital.
The funding will enable Beacon to enhance its product offerings, support growth in its current operations, and expand into new markets across Eastern and Southern Africa.
“We are at the forefront of transforming Africa’s energy infrastructure through advanced software that enables utilities to deliver more reliable electricity, optimise their operations, and decrease reliance on diesel generators. Central to our approach is providing real-time insights and actionable intelligence to utility companies across the continent. Energy challenges faced, especially in urban centres, cannot be resolved without the right data, which is the foundation of all our solutions,” said Bimbola Adisa, founder and CEO of Beacon.
“With an exceptional track record in transforming grid management for utilities in Nigeria and Ghana, Beacon Power Services has established itself as a leader in addressing Africa’s energy challenges through data-driven solutions,” said Cyril Collon, general partner at Partech. “We believe in the potential of African founders to solve the continent’s most pressing issues, and BPS embodies the type of company our Partech Africa Fund II was created to support. We look forward to partnering with Beacon as they scale their operations and increase their impact across Africa.”
Since its seed round in 2022, Beacon has expanded significantly, now employing over 200 people across Nigeria, Ghana, Kenya, Zambia, and the US.
