South Africa’s Plentify secures funding to bolster expansion into global markets
- Plentify, a South African climate tech company, has closed a 50% oversubscribed funding round.
- The funding round included existing and new investors, such as Third Sphere, TELUS Pollinator Fund for Good, Susquehanna Foundation, and Fireball Capital.
- Plentify plans to expand into international markets with growing solar adoption, including Australia and the United States.
Plentify's successful funding round and expansion plans into international markets indicate a positive trajectory for the company. Their residential load management platform offers a cost-effective solution to the challenge of energy demand and clean energy supply. The partnerships with South African companies further strengthen their position in providing affordable, clean energy solutions. The consistent growth of climate tech investment in Africa also presents promising opportunities for Plentify and other startups in the sector.
