Sistema.bio, a biodigester technology firm has secured US$15 million in financing to fuel its global growth.
The funding was led by ElectriFI, managed by the EDFI Management Company, and was completely funded by Sistema.bio’s existing investors.
The company says the new financing will cover a variety of growth and diversification goals ahead of Sistema.bio’s anticipated Series C financing in 2025.
“This strategic investment underscores the confidence of Sistema.bio’s investors in the company’s mission to scale up its transformative impact across Asia, Africa and Latin America,” said Joyce Chacho, Independent Board Chair at Sistema.bio.
Sistema.bio provides access to innovative biodigester technology, training and financing to address the challenges of poverty, food security, and climate change.
The company has grown its sales by over five fold in the last three years, driven by deep climate, economic and health impacts for farmers worldwide. The current funds will support the continued growth of its partnerships, markets served and range of bioenergy products delivered to farmers.
Building on 2021 Series B funding, the financing package in 2024 is designed to fund growth and unlock additional external capital. This will further fuel Sistema.bio’s expansion and innovation in its efforts to provide affordable, sustainable energy and regenerative agricultural solutions to family farmers worldwide.
Sistema.bio’s innovative biogas technology transforms animal waste into clean biogas for cooking, heating, and electricity generation, while also producing nutrient-rich biofertilizer that boosts agricultural productivity. Leveraging advanced data tracking platforms, Sistema.bio enhances its impact by delivering high-quality carbon mitigation, sequestration, and climate change adaptation programs. These initiatives aim at contributing to the decarbonization of agriculture and supporting a shift towards regenerative farming practices.
With operations across three continents, Sistema.bio says it has positively transformed the lives of over 100,000 farms and more than 600,000 people worldwide while reducing over 1 million tons of CO2e emissions annually.
“The continued trust of ElectriFI and our coalition of investors allows us to focus on our work of engaging millions of farmers to help fight the climate crisis and deliver food security. We are now better positioned to reach our goal of empowering one million farmers by 2025, and reducing 1% of global emissions by 2030.” Alexander Eaton, CEO and co-founder of Sistema.bio, said.
Over the past decade, Sistema.bio has grown into one of the largest integrated renewable energy and agricultural technology companies in the world focused on small-scale agriculture, with more than 100,000 biogas units installed to date operating in over 35 countries.
This latest investment round will enable the company to further scale its operations, enhance its technology, and improve customer service offerings.
This funding allows Sistema.bio to accelerate its mission of creating value from waste and delivering clean energy and organic fertilizer to smallholder farmers, installing regenerative agricultural systems and improving livelihoods globally.
Sistema.bio’s existing equity investors that participated in the financing, include Chroma Impact Investment, KawiSafi Ventures, AXA IM Alts, Blink CV, and EcoEnterprises Fund. Additional financing was provided by existing lenders FMO, Triodos and EcoEnterprises as extensions to existing facilities. BIX Capital and UK Charity Shell Foundation provided the catalytic junior debt, co-funded with UK aid from the UK Government.
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