South African electrotech startup Plentify has successfully closed an oversubscribed Series A round, bringing its total funding to nearly USD 15 million (ZAR 256 million) as it expands its AI-powered home-energy platform. This funding round, following last year’s successful raise, was led by Secha Capital, Buffet Investments, and a South African family office, with participation from existing investors E3 Capital and Fireball Capital, as well as new backers like Endeavor SA’s Harvest Fund and Satgana.
Plentify, founded by Jon Kornik and Kailas Nair, develops AI-driven hardware and software solutions that link household appliances to more affordable, cleaner energy sources. The ongoing energy crisis in South Africa, marked by persistent load shedding and rising electricity tariffs, has provided a critical testing ground for subsidy-free energy innovations. Nair emphasized that these challenges forced Plentify to ensure its load management solutions were effective right from the start.
The company is now preparing for pilot deployments in the UK, Australia, and Brazil, while its technology is already being utilized locally by notable companies such as Balwin Properties, Conlog, and Wetility. To date, Plentify’s smart energy network has saved an impressive 9.9 GWh of energy and helped households reduce electricity costs by over R40 million.
