Diligence memo · auto-generated · as of July 2, 2026
Wetility
Wetility has raised $28M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Wetility operates in Climate / Cleantech, based in Africa. SA energy startup Wetility raises $27.8m funding to solar power thousands of homes 0 By Tom Jackson on June 19, 2025 News , Southern Africa South African solar-as-a-service provider Wetility has secured a ZAR500 million (US$27.8 million) structured capital partnership with Jaltech, a leading funder of solar energy projects, to help provide clean, reliable, and cost-effective solar energy to over one million homes and businesses across the country. Launched in 2021 , Wetility is South Africa’s fastest-growing solar-as-a-service provider, delivering solar and storage solutions to homeowners and
Sub-sector tags: climate/cleantech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Wetility has raised $28M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $28M on 2025-06-19.
Most recent recorded round closed around 2025-06-19.
Valuation (modeled)modeled
Provath models Wetility at approximately $135M (range $64M–$201M). 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
Last raise 12 mo ago; this sector typically re-raises about every 9 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 85% of Climate / Cleantech peers (207 compared).
Modeled value ranks above 82% of those peers.
Closest niche peers: Gaussion, Ascent Solar Technologies, Inc., Soteria Battery Innovation Group Inc..
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.