# M-KOPA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/m-kopa

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.m-kopa.com
- Total disclosed funding: $176M
- Latest round: Series F (Dec 31, 2025)
- Investors on record: 14

## About

Founded in 2010 and based in London, UK, M-KOPA Holdings Limited dba M-KOPA operates as a provider of various solar-powered products, handset devices, and consumer cash loans.  The company was founded by Chad Larson, Jesse Moore, and Nick Hughes. In May 2023, M-KOPA Kenya Ltd raised USD 255 million in debt and equity funding from International Finance Corporation, Mirova, LHGP Asset Management, Nithio Holdings, Inc., British International Investment, Netherlands Development Finance Company (FMO), Sumitomo Corporation, Blue Haven Initiative, Broadscale Group LLC, Lightrock, and LocalGlobe. In December 2025, M-KOPA raised USD 166 million in series F funding from Africinvest, SBI Investment, and individual investors.

The company’s product features a “pay-as-you-go” financing model offering flexible payment plans and micro-payments for off-grid customers. It offers M-KOPA Solar, a system that uses solar power for home appliances that includes television, fridge, and home lighting systems. It also provides M-KOPA Powered, a solution that offers different handset devices to help in the productivity and earning potential of its customers. The company also provides cash loans and other home upgrades such as Zuku Content, a satellite TV set, and Jikokoa, a charcoal-based cooking stove.

## Funding rounds

- Series F, Dec 31, 2025, $166M — Sumitomo Corporation, Africinvest, SBI Investment
- Series F, Nov 30, 2017, $10M — British International Investment, Generation Investment Management, Lightrock
- Series C, Feb 2, 2015 — Lightrock, Blue Haven Initiative, Lundin Foundation (Inactive), Treehouse Investments, LocalGlobe, LGT Venture Philanthropy
- Series A, Oct 1, 2011 — Gray Ghost Ventures, Acumen, Lightrock, Lundin Foundation (Inactive), d.o.b Foundation

## Investors

- Gray Ghost Ventures (https://capitalatlas.ai/funds/gray-ghost-ventures) — Series A
- Acumen (https://capitalatlas.ai/funds/acumen) — Series A
- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series A, Series C, Series F
- Lundin Foundation (Inactive) — Series A, Series C
- d.o.b Foundation — Series A
- Blue Haven Initiative — Series C
- Treehouse Investments (https://capitalatlas.ai/funds/treehouse-investments) — Series C
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Series C
- LGT Venture Philanthropy — Series C
- British International Investment — Series F
- Generation Investment Management (https://capitalatlas.ai/funds/generation-investment-management) — Series F
- Sumitomo Corporation — Series F
- Africinvest (https://capitalatlas.ai/funds/africinvest) — Series F
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series F