Sistema.bio, a biodigester firm, has raised $15.6 million in a Series B investment round to enable it reach 1 million farmers and their families with clean and renewable energy by 2025.
AXA IM Alts, a global pioneer in alternative investments, matched KawiSafi Ventures’ equity investment under the AXA IM Impact Investing strategy and invested an equal amount of stock, debt, and non-dilutive capital.
In addition to the previous investors that participated 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 in Sistema.bio.
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 funding.
Sistema.bio was founded in Mexico in 2010. Sistema.bio digesters are specifically built to service a wide range of agricultural and sanitation operations. Due to its prefabricated technology, as well as its reproducible business model, Sistema.bio has the ability to serve over one billion people on over 200 million farms.
In order to address issues of hunger, malnutrition, and climate change in developing countries, Sistema.bio supplies farmers with unique biodigester technology, training, and financial support.
Its innovative technique allows farmers throughout the world to easily transform their waste into renewable energy and biofertilizer.
In 2021, Sistema.bio sold over 14,000 units and opened a new production facility in India, among other achievements.
With over 200,000 consumers in 30 countries, the company is now the global leader in distributed biogas technology, service, and financing, with operating hubs in Mexico, Colombia, Kenya, and India.
The funds will also be used to help the company’s revolutionary waste-to-energy technology and business model grow and scale.
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