Pylon, the infrastructure management platform transforming electricity and water companies in emerging markets, announces a $19 million seed funding round.
The seed round for the rapidly-growing startup – which is profitable and grew by 3.5x in 2021 – began with initial funding from US technology startup accelerator, Y Combinator, and attracted a diverse group of investors from North America and MEA.
This funding round, comprising equity and debt, was led by Endure Capital, which is backed up by CDC, the UK Government’s Development Finance Institution. Also participating were Cathexis Ventures, Khawarizmi Ventures, Loftyinc Ventures, and various high profile angel investors.
Proceeds will accelerate Pylon’s growth via expansion into other emerging markets (South-East Asia, Africa, Latin America) and advance engineering and product development.
