Angaza Design
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| Private company | |
| ISIN | 🆔 |
| Industry | Energy, Finance |
| Founded 📆 | 2012[1] |
| Founders 👔 | Lesley Marincola, Bryan Silverthorn, Victoria Arch |
| Headquarters 🏙️ | , , United States |
Areas served 🗺️ | Kenya, Tanzania, Uganda, Malawi, Zambia, South Africa, India, and Pakistan[2] |
| Products 📟 | Pay-As-You-Go and distribution software |
| Members | |
Number of employees | |
| 🌐 Website | Official website |
| 📇 Address | |
| 📞 telephone | |
Angaza Design or Angaza ("Angaza" is Swahili for "shine" or "illuminate") is a San Francisco-based for-profit social enterprise company that produces Pay As You Go and distribution software for solar products in off-grid markets across Africa, Asia, and Latin America.[3][4][5] In 2020, the company raised a Series B round of $13.5 million.[1]
History and Financing[edit]
After participating in the 2011 Santa Clara Global Social Benefit Incubator, Angaza Design was founded in 2012 and raised a $1.5 million seed round in 2013.[6][1][2] It raised Series A rounds of $4 million in 2015 and $10.5 million in 2017.[5][1] Most recently, it raised a $13.5 million Series B led by KawiSafe Ventures. Previous investors include The Social Entrepreneurs Fund, Designer Fund, and Sand Hill Angels.[7][8]
Product[edit]
Angaza produces software that is incorporated into products such as solar home systems, televisions, smartphones, cookstoves and water pumps which enable the seller to activate or deactivate the product if customers pay usage.[9][2] This technology is referred to as "Pay-As-You-Go" software.[10] Angaza also creates software that allows product distribution companies to collect and manage consumer data.[1]
The company claims that its software has enabled the sale of over 3 million products worldwide.[11]
Locations[edit]
In addition to its headquarters in San Francisco, Angaza also has an office in Nairobi.[11]
As of 2015, the company was partnering with distributors in Kenya, Tanzania, Uganda, Malawi, Zambia, South Africa, India, and Pakistan.[2] In 2021, the company claims to be working with partners with over 200 countries across Africa, Asia and Latin America.[11]
Recognition[edit]
Angaza is a for-profit social enterprise.[4]
Angaza CEO Lesley Marincola was awarded the Young Innovator Tech Award in 2012 and the Katherine M. Swanson Young Innovator Tech Award in 2016 on behalf the company's development of its Pay-As-You-Go technology.[12] In 2018, the company was additionally awarded the Skoll Award for Social Entrepreneurship having "helped 500,000 households across more than 30 countries afford solar energy products, saving consumers $50 million."[13][14]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 1.4 Kazeem, Yomi (October 27, 2020). "A software provider for Africa's "pay-as-you-go" solar industry has raised $13.5 million". Quartz Africa. Retrieved June 25, 2021.
- ↑ 2.0 2.1 2.2 2.3 Butcher, Mike (October 23, 2015). "Angaza Raises $4M To Make Clean Energy Affordable For World's Poorest". Tech Crunch. Retrieved June 25, 2021.
- ↑ Hamburger, Ellis (August 8, 2012). "Facebook lead designer Ben Blumenfeld leaves for Designer Fund". The Verge. Retrieved June 26, 2021.
- ↑ 4.0 4.1 "Entrepenuers for Social Development: Angaza Providing Power to the Last Mile" (PDF). United Nations Conference on Trade and Development. 2019. Retrieved June 26, 2021.
- ↑ 5.0 5.1 Butcher, Mike (October 2, 2017). "Laurene Powell Jobs' Emerson Collective invests in disruptive solar startup, Angaza". Tech Crunch. Retrieved June 25, 2021.
- ↑ Koch, Geoffrey (Jan 6, 2012). "Getting Science to Those Who Need It". Science Mag. Retrieved June 26, 2021.
- ↑ McKeown, Greg (March 26, 2013). "What Will You Create to Make the World Awesome?". Harvard Business Review. Retrieved June 26, 2021.
- ↑ "Angaza Design". dealroom. Retrieved June 26, 2021.
- ↑ "Angaza Announcements Page". Angaza Design. Retrieved June 26, 2021.
- ↑ Wogan, David (November 22, 2013). "Pay-As-You-Go Solar Energy Finds Success in Africa". Scientific American. Retrieved June 26, 2021.
- ↑ 11.0 11.1 11.2 "Angaza About Page". Angaza Design. Retrieved June 25, 2021.
- ↑ "Innovating the Electric Bill". Medium. September 14, 2016. Retrieved June 26, 2021.
- ↑ "Angaza Awarded the 2018 Skoll Award for Social Entrepreneurship". Lighting Global. April 12, 2018. Retrieved June 26, 2021.
- ↑ "Angaza". Skoll. 2018. Retrieved June 26, 2021.
External links[edit]
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