About PEG Africa
PEG Africa is a company based in Accra (Ghana) founded in 2013 was acquired by Bboxx in September 2022. PEG Africa has raised $26 million across 8 funding rounds from investors including Bboxx, ENGIE and Acumen. PEG Africa has completed 1 acquisition, including Bboxx.
- Headquarter Accra, Ghana
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Sectors
Energy & Utilities
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$26 M (USD)
in 8 rounds
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Latest Funding Round
$4 M (USD), Debt – Conventional
Oct 16, 2019
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Investors
Bboxx
& 14 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
Bboxx
(Sep 06, 2022)
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People of PEG Africa
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Funding Insights of PEG Africa
PEG Africa has successfully raised a total of $26M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $4 million completed in October 2019. 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.
Investors in PEG Africa
PEG Africa has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include Bboxx, ENGIE and Acumen.
| Investor | Description | Founded Year | Domain | Location |
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Government agency focused on small and medium-sized businesses
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Locked | Locked | Locked | |
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Private equity investment firm
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Locked | Locked | Locked | |
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Impact investments are managed through a diversified family office portfolio.
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Locked | Locked | Locked |
Investor details for PEG Africa
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Investments & Acquisitions by PEG Africa
PEG Africa has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bboxx.
Investment portfolio details for PEG Africa
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Distributed energy grids are provided for clean electricity and utilities.
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Locked | Locked | 2010 | Locked |
Complete acquisition details for PEG Africa
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Financial Statements - PEG Africa
Detailed financials for PEG Africa
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Peg Africa Comparisons
Peer comparison for PEG Africa
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Competitors of PEG Africa
Detailed competitors of PEG Africa
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Latest news on Peg Africa
Complete news archive for PEG Africa
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Frequently Asked Questions about PEG Africa
PEG Africa was founded in 2013 and raised its 1st funding round 2 years after it was founded.
PEG Africa is headquartered in Accra, Ghana. It is registered at Accra, Greater Accra, Ghana.
PEG Africa is a funded company, having raised a total of $26M across 8 funding rounds to date.
PEG Africa was founded in 2013 in Accra, Ghana, as a developer of solar products aimed at rural electrification in West Africa. Solar home systems are offered through a pay-as-you-go credit model to replace kerosene for lighting. Operations are conducted in Ghana and Côte dIvoire, with partnerships such as M-Kopa supporting system delivery in offgrid areas.
PEG Africa has made 1 acquisition, including Bboxx.
PEG Africa has 15 investors. Key investors include Bboxx, ENGIE, Acumen, SunFunder, and responsAbility.