D.light Design, a Cayman Islands-based company that designs and manufactures solar powered consumer products for families without access to reliable electricity, has secured US$5.5m in Series B financing.
The round was led by new investor Omidyar Network, with participation from all major Series A investors, including Acumen Fund, Nexus Venture Partners, Gray Matters Capital, Draper Fisher Jurvetson and Garage Technology Ventures.
The new capital will allow D.light, which operates operates through its offices in Palo Alto, CA New Delhi, India, Dar es Salaam, Tanzania Hong Kong and Shenzhen, China. to rapidly increase distribution throughout Africa and Asia as well as expand its product line beyond solar lighting.
In conjunction with the funding, Jayant Sinha, Managing Director of Omidyar Network India, will join the company’s board of directors.