Nigeria · Funded startup

Who invested in Daystar Power

2 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

CleantechHardware & Electronics

Funding summaryUpdated 26 Oct 2026

$11Mraised across 2 rounds since 2019, from 2 sources

$10MRound$1.0MDebt
Latest round
Debt, $1.0MSept 2021
Biggest round
$10MRound · Mar 2019
Investors
4
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20202021
$10MRound$1.0MDebt
First round
Round, $10M
Mar 2019
Biggest round
$10M
Round · Mar 2019
Between rounds
2.4 years
from the last two

The rounds

  1. Sept 2021
    Debt$1.0M2 new

    Source recorded

  2. Mar 2019
    Round$10M2 new
    • Verod
    • Persistent Energy Capital

    Reported by Pressebox

Founders and team

From Daystar Power's own website: 5 on the team.

  • Yischai BeinischChief Executive Officer
  • Azeez OnasogaChief Operating Officer
  • John AzubuikeChief Financial Officer
  • Oyin OlanrewajuChief Legal & Corporate Affairs Officer
  • Tayo TofadeChief Technology Officer

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Round2019Debt2021Morgan Stanley Investment ManagementInternational Finance CorporationVerodPersistent Energy Capital

Everyone who backed them

Morgan Stanley Investment ManagementPrivate equity1round
International Finance CorporationGovernment1round
VerodPrivate equity1round
Persistent Energy Capitalno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Daystar Power

Who invested in Daystar Power?

Daystar Power's investors include Morgan Stanley Investment Management, International Finance Corporation, Verod and Persistent Energy Capital.

How much has Daystar Power raised?

Daystar Power has raised $11M across 2 rounds since 2019.

When did Daystar Power last raise?

Daystar Power's most recent round was a Debt of $1.0M in Sept 2021.

What was Daystar Power's biggest round?

Daystar Power's largest round on record is $10M (Undisclosed round), in Mar 2019.

Who backed Daystar Power first?

Daystar Power's first round on record, in Mar 2019, was backed by Verod and Persistent Energy Capital.

What stage is Daystar Power at?

Daystar Power's latest named round is a Debt, in Sept 2021.

Where is Daystar Power based?

Daystar Power is based in Nigeria.

Companies like Daystar Power

In the same sector, and raised in the last eighteen months.

Rana Energy$5.5M · Oct 2025Salpha Energy$1.3M · Jun 2025Amogy$125M · Oct 2026LanzaJet$67M · Oct 2026Pivot Energy$500M · Oct 2026Greenzo Energy$15M · Oct 2026

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