CardinalStone Capital Advisers led an $18m Series B round in Arnergy.

CardinalStone Capital Advisers, a full-service investment banking and financial services group, led an $18m Series B round in Arnergy, a Nigerian-based cleantech company, with participation from Norfund, Breakthrough Energy Ventures, EDFI, and All On. “With a nationwide expansion of our innovative zero down payment, rent-to-own, and Energy-As-A-Service models, we are leveraging strategic distribution partnerships to provide a highly reliable alternative to traditional energy sources," Femi Adeyemo, Arnergy Founder and CEO.