When was ARNERGY founded?

ARNERGY was founded in 2013 and raised its 1st funding round 6 years after it was founded.

Where is ARNERGY located?

ARNERGY is headquartered in Lagos, Nigeria.

Who is the current CEO of ARNERGY?

Femi Adeyemo of ARNERGY. They have also founded 1 company.

How many employees does ARNERGY have?

As of Oct 31, 2026, the latest employee count at ARNERGY is 124.

Is ARNERGY a funded company?

ARNERGY is a funded company, having raised a total of $30M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 23, 2019.

When was the latest funding round of ARNERGY?

ARNERGY's latest funding was a $***** Series B round on Apr 14, 2025, with participation from 6 investors.

Where does ARNERGY rank among its competitors?

ARNERGY ranks 4th amongst 347 active competitors, of which 9 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Heirs Energies, which secured $750M in Dec, 2025.

Who are the top competitors of ARNERGY?

ARNERGY's top competitors include Solar-Saver, Lumos and Rensource Energy. Among them, Heirs Energies secured the most recent funding round in December, 2025.

ARNERGY - 2026 Company Profile, Team, Funding & Competitors

Company Details

ARNERGY is a provider of pay-as-you-go solar power solutions to commercial and residential clients. Offers three solar home systems packages and mini-grid solar solutions to provide electricity to rural Nigeria and South Africa.

Website: www.arnergy.com/
Social
Email ID: *****@arnergy.com
Phone Number: +234 **********

Key Metrics

Founded Year

2013

Location

Lagos, Nigeria

Stage

Series B

Total Funding

$30M in 3 rounds

Latest Funding Round

Series B, Apr 14, 2025, $*****

Investors

All On & 6 more

Ranked

4^th among 347 active competitors

Employee Count

124 as on Oct 31, 2026

Similar Companies

Sunnova & 9752 more

View ARNERGY's full profile

ARNERGY has raised a total funding of $30M over 3 rounds. Its first funding round was on Jun 23, 2019. Its latest funding round was a Series B round on Apr 14, 2025 for $*****. 6 investors participated in its latest round. ARNERGY has 7 institutional investors.

Here is the list of recent funding rounds of ARNERGY:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 14, 2025	7888978	Series B	9836288	2686133	6697775	5067654
Feb 15, 2024	8404491	Series A	8598228	5866792	1119580	7462295
Jun 23, 2019	4217604	Series A	7998987	3867207	Breakthrough Energy	Norfund & 2 more

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View details of ARNERGY's funding rounds and investors

The founders of ARNERGY is Femi Adeyemo. Femi Adeyemo is the CEO of ARNERGY.

Here are the details of ARNERGY's key team members:

Femi Adeyemo: Founder & CEO of ARNERGY.

View details of ARNERGY's Founder profiles and Board Members

ARNERGY's employee count trend

ARNERGY has 124 employees as of Oct 26. Here is ARNERGY's employee count trend over the years:

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Top competitors of ARNERGY include Solar-Saver, Lumos and Rensource Energy. Here is the list of Top 10 competitors of ARNERGY, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Solar-Saver 2016, Windhoek (Namibia), Series B	Provider of rent-to-own solar PV systems on a commercial scale	$60M	Inspired Evolution, Pembani Remgro Infrastructure Managers ... & 3 others	54/100
2nd	Lumos 2013, Amsterdam (Netherlands), Series A	Distributed solar power for off-grid regions	$40M	Pembani Remgro Infrastructure Managers, Israel Cleantech Ventures ... & 7 others	50/100
3rd	Rensource Energy 2015, Lagos (Nigeria), Series A	Membership based solar power project developer	$23.5M	CRE Venture Capital, Omidyar Network & 12 others	48/100
4th	ARNERGY 2013, Lagos (Nigeria), Series B	Provider of solar power solutions for residential and commercial	$30M	Breakthrough Energy, British International Investment ... & 5 others	47/100
5th	SOLA 2008, Cape Town (South Africa), Series B	Renewable energy company specializing in solar PV installation and providing global employment solutions for tech teams	$26.2M	-	44/100
6th	Heirs Energies 2021, Lagos (Nigeria), Funding Raised	Operator of upstream assets and exploration opportunities across the energy value chain	-	Afreximbank	37/100
7th	SolarWorks 2007, Cape Town (South Africa), Series A	Manufacturer of pay-as-you-go solar energy products	$2.3M	EDP Renewables, SunFunder & 2 others	36/100
8th	Grid Africa 2015, Johannesburg (South Africa), Seed	Provider of custom solar energy solutions for commercial and industrial clients	$2.8M	Rifuwo Energy Partners	36/100
9th	Moon 2019, Ziguinchor (Senegal), Series A	Provider of solar energy and digital solutions for off-grid communities. It designs, develops, and markets solar and digital solutions for energy production and management. The company offers individual solar kits and works to provide universal access to energy through partnerships with public entities. A proprietary software platform enables real-time data collection, payment tracking, and remote equipment management. Research and development focuses on creating robust technical ecosystems, even under challenging conditions. The company also offers employment opportunities in various technical and administrative roles.	$7.42M	Kima Ventures, RAISE & 3 others	34/100
10th	SODIGAZ 1986, Ouagadougou (Burkina Faso), Late Stage	Provider of tourism information and local business listings	-	AIIM, Amethis & 1 others	33/100