About PayGo Energy
PayGo Energy is an Energy & Utilities company based in Nairobi (Kenya) founded in 2015 by Mark O'Keefe, and was acquired by Sun King in April 2023. Pay-as-you-go natural gas distribution and monitoring solutions are provided. PayGo Energy has raised $5.08 million across 6 funding rounds from investors including Sun King, USAID and Novastar Ventures. PayGo Energy offers products and services including Cylinder Smart Meter and Tag & Trace. Its focus areas include Energy Tech, Oil & Gas Tech, Downstream and Smart LPG Meters. Its legal entity is PayGo Energy Limited.
Company details
PayGo Energy was founded in 2015 in Nairobi, Kenya. Solutions for natural gas distribution and monitoring are offered in the energy sector. A platform supports pay-as-you-go activities, with gas cylinders connected for real-time level tracking and consumption calculation via smart meters. Valves are automatically closed when usage exceeds credit limits. Suppliers are enabled to locate near-empty cylinders for timely refills.
- Headquarters Nairobi, Kenya
- Founders Mark O'Keefe
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website paygoenergy.co
- Social LinkedIn X Facebook
- Acquired by Sun King (Apr 2023)
- Legal Name Paygo Energy Limited
Products & Services of PayGo Energy
PayGo Energy offers a comprehensive portfolio of products and services, including Cylinder Smart Meter and Tag & Trace.
Provides pay-as-you-go LPG metering for safe and efficient cooking.
Offers digital tracking for LPG distribution and retail control.
Funding Insights of PayGo Energy
PayGo Energy has successfully raised a total of $5.08M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $3.5 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.08M
- Total Rounds 6
- Last Round Seed — $3.5M
- First Round $50,000
(Apr 2016)
- Investors Count 6
All 6 funding rounds of PayGo Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2018 | $3.5M | Seed | – | – | – |
| Jul 2017 | $150,000 | Grant | – | – | |
| Apr 2017 | Debt – Conventional | – | – | ||
| Apr 2017 | $1.43M | Seed | – | – | |
| Mar 2017 | $100,000 | Seed | – | – | – |
| Apr 2016 | $50,000 | Seed | – | – | – |
7 investors in total: 7 institutional.
Investors in PayGo Energy
PayGo Energy has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Sun King, USAID and Novastar Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in multiple sectors | novastarventures.com | Nairobi, Kenya | ||
Global Partnerships is focused on impact-first investments for poverty alleviation. | 1994 | globalpartnerships.org | Seattle, United States | |
Entrepreneurship support, ecosystem strengthening, and impact investing services are offered by Village Capital. | vilcap.com | |||
Social innovations are funded via grants, loans, and equity investments. | globalinnovation.fund | London, United Kingdom | ||
Investments are directed toward digitised, decentralised, and decarbonised business models. | e3-cap.com | Nairobi, Kenya | ||
Global poverty and development are addressed through USAID initiatives. | 1961 | usaid.gov | ||
Solar home energy products are designed, distributed, installed, and financed. | 2007 | sunking.com | Nairobi, Kenya |
Investor details for PayGo Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of PayGo Energy
4 people are tracked at PayGo Energy (2 in leadership, 1 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Mark O'Keefe | Co-Founder & VP | Leadership |
Mike Hahn | VP Of Hardware | Leadership |
Tomohiko Kawamoto | Board Member | Board & advisors |
Matthew Kirimi | Software Engineer | Team |
Complete people profiles for PayGo Energy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of PayGo Energy
4 dated milestones of PayGo Energy across 8 years, from founding to its latest funding, stage changes and deals.
- Founded PayGo Energy is founded.
- Funding First funding round of $50K.
- Funding Latest funding round, Seed, of $3.5M.
- Exit Acquired by Sun King.
Web traffic of PayGo Energy
The website of PayGo Energy (paygoenergy.co) receives about 3.8K visits a month.
- Monthly visits3.8K
▲ 217.1% vs previous month
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Frequently Asked Questions about PayGo Energy
PayGo Energy was founded in 2015 and raised its 1st funding round 1 year after it was founded.
PayGo Energy is headquartered in Nairobi, Kenya.
PayGo Energy is a funded company, having raised a total of $5.08M across 6 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on Apr 2016.
PayGo Energy was founded in 2015 in Nairobi, Kenya. Solutions for natural gas distribution and monitoring are offered in the energy sector. A platform supports pay-as-you-go activities, with gas cylinders connected for real-time level tracking and consumption calculation via smart meters. Valves are automatically closed when usage exceeds credit limits. Suppliers are enabled to locate near-empty cylinders for timely refills.
PayGo Energy offers Cylinder Smart Meter and Tag & Trace.
PayGo Energy has 7 investors. Key investors include Sun King, USAID, Novastar Ventures, Global Partnerships, and Village Capital.
PayGo Energy operates through Paygo Energy Limited.
Yes. PayGo Energy was acquired by Sun King in April 2023.