Beacon Power Services raises $10.0M Debt (Nigeria, Oct 2026)
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Backed by European Bank for Reconstruction and Development (EBRD) · verified emails and LinkedIn on Datapile
EBRD Backs Nigerian Energy Startup Beacon Power Services in $20.9 Million Grid Modernisation Project - Tech In Africa
Beacon Power Services is a Nigerian energy technology startup founded in 2014 that develops digital infrastructure and software solutions to help electricity distribution companies monitor power networks, reduce operational losses, and improve revenue collection. The company operates three major technology platforms: CAIMS, Adora, and Xepp. This funding will support a $20.9 million project aimed at improving electricity distribution and grid management across Nigeria by deploying smart meters and digital electricity management solutions.
EBRD Backs Nigerian Energy Startup Beacon Power Services in $20.9 Million Grid Modernisation Project Tech In Africa
| Oct 18, 2026 | Fegho Umunubo Foundation | — | Grant | Nigeria |
| Oct 09, 2026 | Vatar | $500K | Angel | Nigeria |
| Oct 02, 2026 | Ororo Waste | $1.0M | — | Nigeria |
| Sep 18, 2026 | Swoop | $7.3M | Seed | Nigeria |
6,222 investors back startups in Nigeria
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