Series A & B Capital Raise – Burn Manufacturing
At nearly 300,000 stoves sold over the past 4 years and on target to hit nearly 200,000 stoves sold annually (based on 100% unsubsidized market demand in Kenya alone), Burn is one of the top selling cookstove design and manufacturing companies in the world and the only company that fully manufactures all of its stoves in Kenya. I-DEV has been Burn’s Sole Sell-Side Advisor from the beginning. To date we have helped Burn successfully close 4 rounds of debt and equity financing. Most recently, I-DEV helped Burn Manufacturing close its Series B round which was led by Acumen and Lundin.