# Gridless

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gridless

- Industry: Renewable Energy
- Headquarters: Nairobi, Kenya
- Website: www.gridlesscompute.com
- Total disclosed funding: $2M
- Latest round: Seed (Dec 6, 2022)
- Investors on record: 3

## About

Founded in 2022 and based in Nairobi, Kenya, Gridless Inc. operates as a bitcoin mining company that supports the construction and management of data centers and renewable energy facilities in East Africa. In December 2022, new investor FACTOR[e] Ventures led angel funding for Gridless Inc. As of December 2022, the company is being led by its CEO, Erik Hersman.

Gridless designs, builds, and operates bitcoin mining sites in rural Africa in collaboration with small-scale renewable energy producers, as well as rural data centers. Gridless uses bitcoin mining to accelerate sector growth while also geographically distributing and securing the bitcoin network.

The company intends to use the December 2022 funding to expand its bitcoin mining operation in Africa.

## Funding rounds

- Seed, Dec 6, 2022, $2M — Block, Inc., Factore Ventures, Stillmark
- Angel, Apr 1, 2022 — Factore Ventures

## Investors

- Factore Ventures (https://capitalatlas.ai/funds/factore-ventures) — Angel, Seed
- Block, Inc. — Seed
- Stillmark (https://capitalatlas.ai/funds/stillmark) — Seed