Daystar raises $38 million to expand footprint in West Africa

Nigeran off-grid solar company Daystar Power has closed a $38 million Series B financing round led by Denmark’s Investment Fund for Developing Countries. In addition, the deal was supported by French fund STOA, development finance institution Proparco, and Morgan Stanley Investment Management. Daystar Power has now raised a total of $48 million, including funds raised in the previous round.

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