Plentify Secures Oversubscribed Funding Round to Fuel Expansion and Innovation

Plentify, a South African clean-tech startup, has successfully closed an oversubscribed funding round, attracting investment from leading venture capitalists across Africa and North America. The new capital will support the company's growth within South Africa and pave the way for its expansion into international markets.

Plentify is renowned for its smart energy solutions designed to provide clean and affordable electricity. The company offers a range of products that enhance energy efficiency in homes through cutting-edge hardware, artificial intelligence, and user-friendly design.

The startup's technology optimizes household energy consumption by coordinating with appliances to operate during peak energy generation and minimizing use during high-demand periods. This not only helps reduce electricity costs but also contributes to a more sustainable energy grid.

Jon Kornik, co-founder and CEO of Plentify, highlighted the global challenge the company addresses: “Our solution addresses a critical challenge faced by countries worldwide: the imbalance between energy demand and clean energy supply.”

Source: Empower Africa