Diligence memo · auto-generated · as of July 2, 2026
Gridless
Gridless has raised $2.0M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Gridless is a private company, based in Africa. Kenya’s Gridless, a bitcoin mining company helping to bring new energy generation to rural communities in East Africa, has secured US$2 million in seed funding to support expansion of bitcoin mines across Africa.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Gridless has raised $2.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.0M on 2022-12-09.
Most recent recorded round closed around 2022-12-09.
Valuation (modeled)modeled
Provath models Gridless at approximately $15M (range $1.8M–$61M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Not enough dated financing history to read a financing rhythm.
Comparablesmixed
Capital scale ranks ahead of 99% of sector peers (8525 compared).
Modeled value ranks above 98% of those peers.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.