BURN raised $15 million in debt financing led by the European Investment Bank to distribute ECOA Electric Induction Cookers throughout East Africa.
Amount Raised
$15 Million
Round Type
Debt Financing
RuiruManufacturingEnergyRenewable EnergyInvestors
Description
BURN, Kenya's leading clean cooking appliance manufacturer, has secured a $15 million investment from the European Investment Bank (EIB) to expand its distribution of electric cooking solutions. The funding supports BURN's initiative to make clean cooking accessible to low-income households with their innovative Pay-As-You-Cook system.
Quick answer
BURN raised $15 Million in a Debt Financing round, dated October 26, 2024. Investors: European Investment Bank. BURN is based in Ruiru, Kiambu, Kenya.
- How much did BURN raise?
- BURN raised $15 Million in a Debt Financing round on October 26, 2024.
- Who invested in BURN?
- European Investment Bank is named as investors in this round.
- What does BURN do?
- BURN is Kenya’s leading clean cooking appliance manufacturer, focused on providing innovative, environmentally friendly cooking solutions.
- Where is BURN based and how big is it?
- BURN is based in Ruiru, Kiambu, Kenya. Fundz records about 1,155 employees.
- Who are the decision-makers at BURN?
- Fundz holds 3 contacts at BURN. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as BURN that raised within 45 days of this round, from Fundz verified event records.
- Illumion raised $2.7M (Seed) on December 4, 2024.
- Molyon raised $4.6M (Seed) on November 26, 2024.
- Silfab Solar raised $100M (Funding Round) on November 21, 2024.
- Hydrogen Mem-Tech raised an undisclosed amount (Equity Crowdfunding) on November 15, 2024.
- Vaulted Deep raised $32M (Series A) on November 15, 2024.
- Radiant raised $100M (Series C) on November 14, 2024.
Who to call at BURN, and when
A new round usually means BURN is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day BURN raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at BURN, from your own LinkedIn network
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Related People
BURN raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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