Dentons advised FMO Ventures on its €5.5 million subscription for convertible notes and redeemable shares in SolarX, a commercial and industrial solar rooftop business active in Mali, Burkina Faso and Senegal.
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) is the Dutch entrepreneurial development bank, with a mission to enable entrepreneurs to increase inclusive and sustainable prosperity. Its venture capital program, FMO Ventures focuses on early-stage direct investments alongside a lead investor and indirect investments with a more generalist focus in funds. What all investments have in common is the use of innovative business models and technology to improve affordable access to goods and services in un(der)served communities.
SolarX provides clean, affordable and reliable power to small and medium-sized enterprises that currently rely on…
Dentons advises FMO Ventures on funding for solar energy provider SolarX
