# Daystar Power funding: rounds and investors

> Daystar Power has raised $11M across 2 rounds since 2019. Investors include Morgan Stanley Investment Management, International Finance Corporation and Verod.

Source: https://millionrounds.com/company/daystar-power (Millionrounds; every figure on the page links to its filing or article)

Nigeria · [Funded startup](https://millionrounds.com/companies)

# 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.

Cleantech Hardware & Electronics

Funding summary Updated 26 Oct 2026

**$11M** raised across 2 rounds since 2019, from 2 sources

**$10M** Round **$1.0M** Debt

- **Latest round:** Debt, $1.0M Sept 2021
- **Biggest round:** $10M Round · 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.

2020 2021

**$10M** Round

**$1.0M** Debt

- **First round:** Round, $10M
- **Biggest round:** $10M
- **Between rounds:** 2.4 years

## The rounds

- **Sept 2021** Debt **$1.0M** *2 new* [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) Source recorded
- **Mar 2019** Round **$10M** *2 new* [Verod](https://millionrounds.com/fund/verod) Persistent Energy Capital Reported by Pressebox

## Founders and team

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

- **Yischai Beinisch** Chief Executive Officer
- **Azeez Onasoga** Chief Operating Officer
- **John Azubuike** Chief Financial Officer
- **Oyin Olanrewaju** Chief Legal & Corporate Affairs Officer
- **Tayo Tofade** Chief 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.

**Round** 2019 **Debt** 2021 [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) [Verod](https://millionrounds.com/fund/verod) Persistent Energy Capital

## Everyone who backed them

[Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) Private equity **1** round

[International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) Government **1** round

[Verod](https://millionrounds.com/fund/verod) Private equity **1** round

Persistent Energy Capital no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=daystar-power).

## 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 2025](https://millionrounds.com/company/rana-energy)[**Salpha Energy** $1.3M · Jun 2025](https://millionrounds.com/company/salpha-energy)[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Greenzo Energy** $15M · Oct 2026](https://millionrounds.com/company/greenzo-energy)

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