Singapore-based off-grid power solutions provider, SolarHome, said it has secured its first debt funding, using crowdsourcing platform Kiva, while declining to disclose the amount. Proceeds from the two-year, 27 million-coupon non-convertible instruments will be used to support growth of its installed base in Myanmar, it said. The company recently closed a pre-series A equity funding round of $625,000, led by South-east Asia-based venture capital firm Uberis Capital.
Singapore-based off-grid power solutions provider, SolarHome, said it has secured its first debt funding, using crowdsourcing platform Kiva, while declining to disclose the amount. Proceeds from the two-year, zero-coupon non-convertible instruments will be used to support growth of its installed base in Myanmar, it said. The company recently closed a pre-series A equity funding round of $625,000, led by South-east Asia-based venture capital firm Uberis Capital.