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Women-Led Health Startups Drew $167 Million of Funding in 2023

Women-Led Health Startups Drew $167 Million of Funding in 2023
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Senegalese-based solar energy startup, Oolu Solar, raises $8 5m Series B

Oolu, a Senegalese-based solar energy startup, has raised $8.5 million in Series B equity investment. The round was led by independent renewable energy developer, RP Global. Other investors that participated include Persistent Energy Capital (PEC), Shell-seeded impact investor All On, Gaia Impact Fund, and DPI Energy Ventures. In what can be seen as one of the largest rounds by a Francophone Africa-based startup, here’s what Daniel Rosa, co-founder and CEO of Oolu, said of the investment. “The strength of our business and industry during a challenging global pandemic has demonstrated the value that customers see in our products and service. RP Global’s financial expertise and experience in managing renewable energy businesses will enable us to accelerate our growth.

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