The Sun Exchange

About

The Sun Exchange is the peer-to-peer solar panel leasing platform,Connecting the world to the sun.

Cape Town,NA - South Africa,South Africa
11 - 50
https://thesunexchange.com/

Highlights

Details

Last Funding Type: Equity Crowdfunding
Last Funding Money Raised: $1.40M
Industries: Blockchain,Crowdfunding,Internet of Things,Peer to Peer,Solar
Founded date: Jan 1, 2015
Number Of Employee: 11 - 50
Operating Status: Active
Legal Name: Sun Exchange, Inc.
Also Known As: The Sun Exchange (Pty) Ltd

The Sun Exchange is the peer-to-peer solar leasing marketplace. We leverage financial innovation and the power of the crowd to drive sustainable energy development and make the environmental, social and economic benefits of solar accessible and affordable for all.

Through the Sun Exchange online platform, anyone, anywhere in the world, can buy remotely-located solar cells and then lease them to power businesses and organisations in sunny emerging markets. Solar cell owners earn income from the electricity that’s generated, while schools, businesses, clinics and other organisations gain access to affordable clean energy, reducing electricity costs and carbon emissions.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

11

$11.12M

The Sun Exchange has raised a total of $11.12M in funding over 2 rounds. Their latest funding was raised on Jan 29, 2022 from a Equity Crowdfunding round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jan 29, 2022	Equity Crowdfunding	$1.40M	—	—	—	Detail
Sep 29, 2021	Convertable Note	$2.50M	1	ARCH Emerging Markets Partners	—	Detail
May 20, 2020	Series A	$3.80M	1	ARCH Emerging Markets Partners	—	Detail
Jun 14, 2019	Seed	$260K	—	—	—	Detail
Jan 28, 2019	Initial Coin Offering	$1M	—	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

4

6

The Sun Exchange is funded by 6 investors. ARCH Emerging Markets Partners and Alphabit Fund are the most recent investors.

Investor Name	Lead Investor	Funding Round
ARCH Emerging Markets Partners	Yes	Convertable Note
Alphabit Fund	Yes	Seed
Boost VC	—	Seed
Network Society Ventures	—	Seed
Techstars	—	Seed
Yossi Hasson	—	Seed