Energy access related equity crowdfunding has demonstrated substantial growth capacity, raising over $3.3 million across three campaigns in 2016 (a total of $80,000 was raised in 2015), a new study from Energy 4 Impact, a non-profit organisation working with local businesses to extend access to energy in Africa, shows.
Looking at the energy access related crowdfunding across donation, reward, debt and equity platforms, the research also highlights key trends and statistics on energy access related crowdfunding, which grew from $3.4 million in 2015 to $8.7 million in 2016.
Alongside equity crowdfunding increase, the strongest growth has been identified in debt as more than $2 million across 26 loans have been raised in 2016, representing a 10-fold increase on those made in 2015. The two crowdfunding segments combined account for 93% of all energy access related crowdfunding.
Commenting on the findings, Davinia Cogan, Programme Manager at Energy 4 Impact said:
Crowdfunding has an important role to play for energy access businesses wanting to raise capital – from early stage seed capital, to working capital loans, and potentially equity too. The dynamics of debt crowdfunding, in particular, are interesting for companies looking for debt to finance their growth.
Find out more here.
Oliver* 
You must be logged in to post a comment.