Sistema.bio Closes $15.6M in Financing To Scale Clean Energy Tech For Farmers

Sistema.bio has secured $15.6M in a Series B investment round to support the continued growth and scale of the company’s innovative waste-to-energy technology and business model.

Founded in 2010 in Mexico and with operations in Colombia, Kenya and India, the company provides access to innovative biodigester technology, training, and financing for farmers to address the challenges of poverty, food security, and climate change.

Its patented technology allows farmers around the world to efficiently convert their waste into renewable energy and biofertilizer. In 2021, Sistema.bio says it sold 14,000 units sold around the world.

The new financing, which included a mix of equity, debt and non-dilutive capital, will strengthen partnerships and distribution, carbon reduction activities, R&D efforts and overall operations in LATAM, Africa, and Asia-Pacific.

The round was led by an equity investment from KawiSafi Ventures and matched by AXA IM Alts, a global leader in alternative investments, through the AXA IM Impact Investing strategy. Existing investors Engie RDE, EU ElectriFI fund, Chroma Impact, Blink CV and Co Capital also participated in the round, and Triodos Bank provided additional working capital financing.

“We have spent well over a decade creating the technology and model to support smallholder farmers to become more sustainable, independent, and productive. We can now do that at scale while driving significant methane and CO2 reductions on farms and strengthening global food systems,” said co-founder and CEO Alex Eaton.

Africa which relies on agriculture as the backbone of its economy still lags other continents when it comes to technology usage in crop and animal keeping.

Farming which continues to deteriorate around the world due to climate change could be improved when farmers are empowered to use technology.