Series B CleanTech Mixed (Equity + Debt)

$31M

Yellow Solar

Malawi June 2023 Southern Africa

About this Deal

Yellow raised $31M for solar and smartphone PAYG financing.

Investors

Undisclosed investors

Deal Details

Amount$31M

TypeSeries B

InstrumentMixed (Equity + Debt)

SectorCleanTech

FounderMale-led

StatusClosed

Company

Yellow Solar
Startup · Lilongwe

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Lilongwe University of Agriculture Agricultural university

NICO Holdings Malawi's financial services leader

ADMARC Malawi State agricultural marketing since 1971

Airtel Money Malawi Leading mobile money

Football Association of Malawi The Flames of Malawi

Eastern Produce Malawi Malawi's tea heritage

People in this Space

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Craig Hardie Founder @ Malawi Mangoes

Maclean Cathcart Kay Founder @ Satemwa Tea Estates

Mulli family Founder @ Mulli Brothers Limited

Hastings Kamuzu Banda Founder @ Press Corporation

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