# Persistent

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

- Industry: Financial Services
- Headquarters: Kenya
- Website: www.persistent.energy
- Total disclosed funding: $10M
- Latest round: Series C (Jul 12, 2022)
- Investors on record: 4

## About

Founded in 2012 by Dirk Muench, and Chris Aidun, and based in Nairobi, Kenya, Persistent Energy LLC operates as a private equity principal that invests in early-stage companies engaged in renewable energy. In July 2022, Persistent Energy LLC raised USD 10 million in series C funding led by investor Kyuden International Corporation with the participation of Bk Ventures BV, etc. 

The firm provides both human capital and financial capital to help a few early-stage companies grow. Persistent provides financial and operational management, as well as assistance in locating and raising capital for partner companies. It also provides business analytics and development tools, IT advisory solutions, and human capital advisory. In addition, the company manages the ImpactAssets Emerging Markets Climate Fund and the Crowdlending Window of the Clean Energy and Energy Inclusion for Africa Foundation (CEI Africa), which was established to support early-stage off-grid energy companies in underserved African markets. Furthermore, the company also provides consulting services to the African climate sector.

The company intends to use the July 2022 funding to expand its team.

## Funding rounds

- Series C, Jul 12, 2022, $10M — FSD Africa Investments, Kyuden International Corporation, Dream Project Incubators Pte. Ltd., Bk Ventures BV

## Investors

- FSD Africa Investments (https://capitalatlas.ai/funds/fsd-africa-investments) — Series C
- Kyuden International Corporation — Series C
- Dream Project Incubators Pte. Ltd. — Series C
- Bk Ventures BV — Series C