PACleanTech · SAFE note · Kenya · direct investment · first invested Jul 2021
Pawame
Written offInvested$25.0kat cost · 1 ticket
Current mark$0workbook · 8 Sep 2025
MOIC0.00xon paper
Ownership—no cap table on file
Next round—none recorded
IRR—workbook, per ticket dates
Thesis vs. reality · what we underwrote at entry, measured against now
What must be trueEach claim is what the company said would be true, checked against the filed accounts and later updates. A claim with no second source stays on watch.
Entry memo on fileInvestment Memo - Pawame.docx · Oct 2021. Its claims have not been extracted, so nothing is tracked against it yet. Not tracked
Latest event · Mar 2023
Ignite Power takes over Pawame Kenya at zero purchase price in exchange for the restructured debt; shareholders are highly unlikely to have any capital returned.
Watch & flags
What to keep an eye on
ClearNo open data issues for this holding.
Our position
PositionIncubayt's tickets and marks come from the IRR workbook; the legal entity from the company's cap table or registers.
InstrumentsSAFE note $25.0k (Jul 2021)
Company valuation—
BoardNot recorded
Legal entityNot recorded