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
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Website
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Social
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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Debt – Conventional — $4.0M
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First Round
First Round
(09 Sep 2015)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2019 | Amount | Debt – Conventional - PEG Africa | Valuation |
investors |
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| Sep, 2019 | Amount | Debt – Conventional - PEG Africa | Valuation |
investors |
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| Mar, 2019 | Amount | Debt – Conventional - PEG Africa | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location | |
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Private equity investment firm
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Founded Year | Domain | Location | |
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Impact investments are managed through a diversified family office portfolio.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PEG Africa
PEG Africa has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bboxx. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PEG Africa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Peg Africa Comparisons
Competitors of PEG Africa
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Peg Africa
Frequently Asked Questions about PEG Africa
When was PEG Africa founded?
PEG Africa was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is PEG Africa located?
PEG Africa is headquartered in Accra, Ghana. It is registered at Accra, Greater Accra, Ghana.
Is PEG Africa a funded company?
PEG Africa is a funded company, having raised a total of $26M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $20M, raised on Sep 09, 2015.
What does PEG Africa do?
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.
How many acquisitions has PEG Africa made?
PEG Africa has made 1 acquisition, including Bboxx.
Who are PEG Africa's investors?
PEG Africa has 15 investors. Key investors include Bboxx, ENGIE, Acumen, SunFunder, and responsAbility.
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