The funding will also support the continued growth and scale the company’s innovative waste-to-energy technology and business model.
The round was a mix of equity, debt and non-dilutive capital and 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.
“Our team at KawiSafi are very excited to begin this partnership with Sistema.bio and support them in this global scaling phase of their growth,” said Marcus Watson, Director at KawiSafi.
“Sistema.bio has perfected their distributed biogas technology which is modular and easy-to-use so that it can serve the whole spectrum of small to large farms.
“Their products are now being used by hundreds of thousands of people across three continents to meet diverse energy needs, from domestic (cooking, heating) to productive (agro-processing) uses as well as biofertilizer to increase farm yields. We see huge potential in Sistema.bio’s solution to reduce GHG emissions at the farm level and make a significant dent in the global climate crisis.”
Founded in 2010 in Mexico, Sistema.bio Sistema.bio digesters are specifically designed to serve a wide range of farms and sanitation projects. Due to its prefabricated technology, as well as its replicable business model, Sistema.bio has the potential to reach over one billion people in over 200 million farms.
In 2021, Sistema.bio reached several growth milestones, with over 14,000 units sold and a new manufacturing facility in India.
“We are delighted to invest in Sistema.bio, one of the largest integrated biogas companies in the world focused on small-scale agriculture,” Jonathan Dean, Head of Impact Investing at AXA IM Alts, commented.
“By converting polluting waste into high-value biofuels and sustainable agricultural inputs through proprietary cutting-edge technology, Sistema.bio’s corporate mission directly aligns with AXA IM Alts’ impact objectives to promote resource efficiency and innovative solutions to climate change through its investments.”
This Series B investment round follows a Seed and Series A equity investments. Sistema.bio has been successful at raising a combination of equity, debt and non-dilutive capital.
In addition to the existing investors that joined this round, KawiSafi Ventures and AXA IM Alts join Alphamundi, Beneficial Returns, Dila Capital, EcoEnterprises Fund, Factor[e], KIVA, Lendahand, OPES Fund, OpenRoad Alliance and Satila as investors of Sistema.bio.
Sistema.bio has announced that they aim to deliver clean and renewable energy for 1 million farmers and their families by 2025.
“We are really excited to have such impact-driven shareholders and to see such an incredible global commitment to creating a climate-smart, sustainable, and equitable food system,” said Eaton.
“The time is now for ambitious climate projects, and we intend to lead the charge for smallholder farmers.”