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Circle Gas

58 employees

Circle Gas designs, manufactures and deploys Internet of Things (IoT) devices and software that enable customers to pay and consume small amounts of gas at a time using mobile wallets such as M-Pesa, whilst providing timely and detailed usage and payment information. Circle Gas is scaling-up the innovative pay-as-you-go technology developed by KopaGas, accelerating market penetration in East Africa. Circle Gas will continue to invest in Tanzania and is now launching in Kenya. Clean cooking solutions are badly needed throughout the developing world, particularly in Sub-Saharan Africa, where most families use expensive and polluting cooking fuels such as charcoal, biomass and kerosene. Cooking with such fuels has serious impacts on the respiratory health of children and women who disproportionately bear the cooking responsibilities. The intense demand for charcoal in urban centres means that forest stocks are not sustainably managed, but rather sacrificed to produce charcoal. Today, LPG is a clean cooking solution used globally by over 3 billion people, yet it remains mostly unaffordable in Sub-Saharan Africa. Switching from harvested wood to LPG has profound climate mitigation impacts, as well, reducing net carbon emissions by 67%. Circle Gas will deliver clean and affordable cooking to all.

Investor insights

Funding rounds participated in

$25M sweet spot round size

Investor type

Privately Held

Basic info

Industry

Utilities

Sectors

Utilities

Date founded

2017

Funding rounds raised

Total raised

$25M

from 1 investors over 1 rounds

C

Circle Gas raised $25M on February 14, 2020

Investors: Safaricom

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