Sistema.bio bags US$15M in additional financing to accelerate global expansion

KENYA – Sistema.bio, a global leader in biogas technology, has secured US$15 million in additional financing to fuel its rapid global growth.

Over the past three years, the company has increased its sales fivefold, driven by the positive climate, economic, and health impacts it brings to farmers worldwide.

This new funding will support the expansion of its partnerships, markets, and bioenergy products delivered to farmers.

The financing round, led by ElectriFI and managed by the EDFI Management Company, involved the participation of Sistema.bio’s existing investors.

This funding will drive the company’s growth and diversification goals as it prepares for its Series C financing in 2025.

Key investors include Chroma Impact Investment, KawiSafi Ventures, AXA IM Alts, Blink CV, and EcoEnterprises Fund.

Additional funding came from FMO, Triodos, and EcoEnterprises through extended loan facilities, while BIX Capital and Shell Foundation, co-funded by UK aid, provided catalytic junior debt.

Joyce Chacho, Independent Board Chair at Sistema.bio, emphasized the importance of this investment in scaling the company’s transformative impact across Asia, Africa, and Latin America.

“This strategic investment underscores the confidence of Sistema.bio’s investors in the company’s mission to scale up its transformative impact across these regions,” Chacho said.

The 2024 financing package builds on the 2021 Series B round, aiming to fund growth and innovation and unlock additional external capital.

Liesbet Mijlemans, Senior Investment Officer at EDFI Management Company, highlighted Sistema.bio’s role in providing clean energy and boosting agricultural resilience in underserved regions.

“Their technology not only provides clean energy but also boosts agricultural resilience, critical in underserved regions,” she remarked.

Sistema.bio’s biogas technology converts animal waste into clean biogas for cooking, heating, and electricity generation while producing a nutrient-rich biofertilizer that enhances crop yields.

The company also leverages advanced data tracking platforms to deliver high-quality carbon mitigation, sequestration, and climate change adaptation programs. These efforts support decarbonizing agriculture and advancing regenerative farming practices.

With operations spanning three continents, Sistema.bio has transformed the lives of over 100,000 farms and more than 600,000 people, reducing over 1 million tonnes of CO2e emissions annually.

CEO and co-founder Alexander Eaton expressed gratitude for investors’ continued support, stating, “The continued trust of ElectriFI and our coalition of investors allows us to focus on engaging millions of farmers to help fight the climate crisis and deliver food security.”

Eaton reiterated the company’s commitment to empowering one million farmers by 2025 and reducing 1% of global emissions by 2030.

Over the past decade, Sistema.bio has installed more than 100,000 biogas units across 35 countries, making it one of the largest integrated renewable energy and agricultural technology companies focused on small-scale agriculture.

This latest funding will enable the company to scale operations, enhance its technology, and improve customer service, accelerating its mission to convert waste into clean energy and organic fertilizer for smallholder farmers worldwide.

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