SteamaCo provides smart metering hardware and cloud software that enable electricity services for utilities across Africa and Asia. Its systems support hundreds of thousands of previously underserved people across 10 countries. The company's software is optimized for low-bandwidth operation, running on less than 100kB of communications data per meter per month. Led by CEO and co‑founder Harrison Leaf, SteamaCo is headquartered at Manchester Science Park and maintains offices in Kenya. Founded in 2012, the company is focused on continued technology development and commercial growth. It intends to use recent financing to further product development and expand deployments. SteamaCo develops smart metering and data analytics technology that enables distributed electricity providers — from mini-grid operators to agricultural irrigation businesses — to operate more like utilities. Its universal smart meter allows companies to collect cashless payments on a per-unit basis and to remotely operate machinery in developing markets. The company targets the 1.3 billion people living beyond the grid and aims to expand access to its technology in those markets. SteamaCo is led by co-founder and CEO Harrison Leaf. The company completed a £640k seed funding round and plans to use the proceeds to expand access to its technology across emerging markets. SteamaCo is based in Manchester, UK.

Total raised

$6M

Funding rounds

2

Latest round

Series B

Latest activity

Jul 2019