Companies · Climate / Cleantech

Sun KingNew on the radar

Kenya · Africa · Climate / Cleantech

Diligence memoA one-page analyst read on Sun King — recommendation, valuation, rhythm, risks.
$156.0M
Total raised · real
1
Rounds
Latest step-up
Top 10%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Jul 30 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Sun King has raised $156M over 1 round; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the climate/enviro sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Active
  • Last raise 11 mo ago; this sector typically re-raises about every 9 months.
  • Raising on or ahead of the sector's normal rhythm.
Where it sits in Climate / Cleantech

Sun King is one of 207 Climate / Cleantech companies tracked from Kenya, Africa. By capital raised it ranks among the largest (ahead of 91% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

Kenyan off-grid solar energy company Sun King has closed a landmark US$156 million securitisation to scale affordable solar across the country.

Kenyan off-grid solar energy company Sun King has closed a landmark US$156 million securitisation to scale affordable solar across the country.

climate/cleantechenergy

As reported in public records reported — not modeled.

KE
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries D+ · 2025-07-30 Raised $156M (real) Modeled valuation $1.3B (est)$156M$1.3BSeries D+2025

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series D+$156.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$1.3B
Base estimate est.
$813.3M
Conservative case
$1.5B
Upside case
$1.3B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
63% low · 87% high
1.25×/yr
Annual markup
1.40×/yr upside case
0.9 yr
Elapsed time used
0.9 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
0.9 yr
On record since
2025
First round
New
First-time filer
How it compares to the market

Benchmarked against 207 companies in Climate / Cleantech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 19× above median
This company$156.0M
Sector median$8.1M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.2× above median
This company$156.0M
Sector median$126.1M
Modeled value — vs sector median (estimate, all stages) 21× above median
This company$1.3B
Sector median$59.8M

Raised more than 91% of sector peers (real $). Modeled value above 91% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Sun King this companySeries D+$156.0M$1.3B1.24×
Sidewalk Infrastructure Partners, LlcSeries D+$950.0M$762.7M0.76×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series D+$156.0M2025-07-30$1.3B$1.3B45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series D+$156.0M2025-07-30
    • First recorded raise — entered as Series D+.
Intelligence
Modeled next raise
$249.6M
Modeled next size est.range $162.2M$399.4M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

Sun King is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
KE
Jurisdiction
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Climate Care Innovations IncClimate / CleantechSeries D+$150.0M$1.6Bsame sector · same stage
Mastec IncClimate / CleantechSeries D+$294.4M$3.5Bsame sector · same stage
Aurora Solar Inc.Climate / CleantechSeries D+$398.5M$3.5Bsame sector · same stage
Ambiq Micro, Inc.Climate / CleantechSeries D+$405.5M$3.0Msame sector · same stage
Solugen, Inc.Climate / CleantechSeries D+$425.9M$6.9Bsame sector · same stage
Ascent Solar Technologies, Inc.Climate / CleantechSeries B$154.4M$40.1Msame sector
ChargePoint, Inc.Climate / CleantechSeries D+$570.9M$3.1Bsame sector · same stage
Form Energy, Inc.Climate / CleantechSeries D+$610.2M$5.1Bsame sector · same stage
Frequently asked
How much funding has Sun King raised?
Sun King has raised approximately $156.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Sun King's estimated valuation?
Provath's modeled valuation for Sun King is approximately $1.3B (modeled range $813.3M–$1.5B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sun King at?
Sun King's latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Jul 30.
What does Sun King do and where is it based?
Sun King operates in the Climate / Cleantech sector, based in Kenya, Africa. Kenyan off-grid solar energy company Sun King has closed a landmark US$156 million securitisation to scale affordable solar across the country.
Explore related

See where Sun King sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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