SA Start-Up Hohm Energy Raises $8m In Seed Funding
SA Start-Up Hohm Energy Raises $8m In Seed Funding. E3 Capital has announced that it is proud to lead a $8m seed round in Hohm Energy, the South African Climate Fintech company that helps homeowners and businesses go to solar with accredited solar installers, product suppliers, and embedded solar finance.
Hohm Energy’s funding marks the largest seed round for a tech startup in South Africa, totalling $8m, which was led by E3 Capital and 4DX Ventures and attracted participation from new investors, including Breega, E4EAfrica, to.org, Tekton Ventures, Sunu Capital, Musha Ventures, and Climate Capital Ventures. Hohm Energy will now accelerate the adoption of rooftop solar in the region by investing in its new cutting-edge climate fintech strategy, additionally bolstering its tech, product innovation and solar installer skills development to make rooftop solar more accessible, trusted, and affordable for everyone.
Vova (Vladimir) D. Dugin, Senior Partner at E3 Capital said, “We are thrilled to announce our inaugural investment in Hohm Energy. With its tech-driven approach, Hohm is at the forefront of South Africa’s #greenenergyrevolution. The team is uniquely positioned to create a “one-stop shop” for all green solutions for residential customers and address existing challenges around energy supply.”
E3 Capital is a leading investor in early stage companies developing innovative business models that are digitised, decentralised, and decarbonised. The company is a young and diverse team, committed to the future of the low carbon economy. As one of the only majority-African partnerships in Sub-Saharan Africa, with a combined investment experience of 40 years, it is uniquely positioned to help companies grow and scale, without compromising sustainability.
E3 Capital also partners with forward thinking entrepreneurs endeavoring to bridge the gap between climate transition and growth in emerging and frontier markets with energy as the enabler of these products and services.
