CrossBoundary Energy tops Africa startup funding in April
CrossBoundary Energy led African startup funding in April with a $40 million renewable energy round.Summary
CrossBoundary Energy, a Kenyan startup, led the month of April with a $40 million renewable energy round, making it the top recipient of funding among African startups. The total funding raised across the continent reached US$145.85 million, with the largest cheques flowing into sectors tied to digital and economic transformation. CrossBoundary Energy specializes in large-scale power generation systems and offers renewable energy project financing. The startup was founded in 2011 and has delivered a portfolio of over US$285 million in solar, wind, and storage projects for leading companies. The funding spread across renewable energy, fintech, aviation, electric mobility, agriculture, logistics, artificial intelligence, edtech, legal tech, retail, and health tech, with startups from various African countries attracting capital.
(Source：Business Today Kenya)
