# Beacon Power Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beacon-power-services

- Industry: Software
- Headquarters: Ikeja, Nigeria
- Website: www.beaconpowerservices.com
- Total disclosed funding: $13M
- Latest round: Debt (Oct 16, 2026)
- Investors on record: 14

## About

Founded in 2010 by its CEO Abimbola Adisa and based in Ikeja, Nigeria, Beacon Power Services Limited, operates as a software company that focuses on providing energy management software and analytics solutions for utilities, enabling energy providers to prevent outages and identify network losses. In November 2024, Beacon Power Services Limited raised venture funding from Global Brain.

The company provides Adora, a proprietary platform leveraging machine learning and data analytics to enhance electric distribution grid efficiency. Adora provides real-time visibility into technical and non-technical losses, empowering utilities with data-driven optimization strategies. The firm’s solutions include energy accounting for tracking real-time losses and outages, revenue optimization to minimize billing and collection losses, and AI-driven asset management to predict and prevent outages. The company also offers customized facilities management solutions to monitor electricity supply, optimize energy consumption, and manage costs. The platform enhances energy efficiency, automates vendor payments, and streamlines billing cycles.

The company plans to use investment aims to support efficient power distribution and grid management solutions for Africa's electricity sector.

## Funding rounds

- Debt, Oct 16, 2026, $10M — EBRD
- Series A, Nov 4, 2024 — Partech Partners, Global Brain, Proparco, Finnfund, Gaia Impact Fund, Seedstars, AFD Group, On.Capital, Kaleo Ventures
- Seed, Dec 7, 2022 — Kaleo Ventures
- Seed, Aug 5, 2022, $2.7M — Oridun Capital Management, Factore Ventures, Seedstars, Kepple Africa Ventures, Persistent
- Seed, Mar 15, 2022 — Kaleo Ventures

## Investors

- Kaleo Ventures (https://capitalatlas.ai/funds/kaleo-ventures) — Seed, Series A
- Oridun Capital Management (https://capitalatlas.ai/funds/oridun-capital-management) — Seed
- Factore Ventures (https://capitalatlas.ai/funds/factore-ventures) — Seed
- Seedstars (https://capitalatlas.ai/funds/seedstars) — Seed, Series A
- Kepple Africa Ventures (https://capitalatlas.ai/funds/kepple-africa-ventures) — Seed
- Persistent — Seed
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series A
- Proparco (https://capitalatlas.ai/funds/proparco) — Series A
- Finnfund — Series A
- Gaia Impact Fund (https://capitalatlas.ai/funds/gaia-impact-fund) — Series A
- AFD Group — Series A
- On.Capital (https://capitalatlas.ai/funds/on-capital-2) — Series A
- EBRD (https://capitalatlas.ai/funds/ebrd) — Debt