d.light Raises $15M in Series D

What does d.light do?

d.light, is a company which enables households without reliable electricity in attaining the same quality of life as those with electricity. This international social enterprise serves people without access to reliable electricity. Its aim is enabling households without reliable electricity in attaining the same quality of life as those who haves access to electricity. The company will start by replacing every kerosene lamp with clean, bright and safe light. The company aims in having improved the lives of 100 million people by the year 2020. Their products are being distributed in 40 countries with more than seven million happy customer. The company is financed by lead social enterprise funds Acumen Fund, Omidyar and Gray Matters Capital, Garage Technology Ventures, Draper Fisher Juvetson and the Mahindra group.

How much d.light was funded?

The company raised $2.5M on September 21, 2016 on SunFunder

Previous funding

$6M in Series A on November 10, 2008 from Nexus Venture Partners,  Acumen, Gray Matters Capital, Garage Technology Ventures,  Draper Fisher Jurvetson (DFJ) and Mahindra & Mahindra.

$5.5M in Series B on June 21, 2010

$11M in Series C on February 25, 2014 from Omidyar Network,  Garage Technology Ventures, Acumen, Nexus Venture Partners,  Draper Fisher Jurvetson (DFJ) and Gray Ghost Ventures.

$15M in Series D on September 21, 2016 from KawiSafi Ventures,  NewQuest Capital Partners, Omidyar Network and Energy Access Ventures

$5M on September 21, 2016 from UNCDF, Shell Foundation and U.S. Agency for International Development (USAID)

What is next for d.light?

The company plans on using the latest funding raised for expanding its pay as you go options and further enhancing its mission of bringing a variety of energy options globally who do not have access to reliable power.

More about d.light

d.light was founded in 2007 by Sam Goldman and Ned Tozun. It has its headquarters in Grand Cayman, Midland.