ImpactAlpha, February 10 — Mexico City-based Sistema.bio launched in 2010 to sell farmers low-cost biodigesters to convert waste into clean energy and biofertilizer. Sistema.bio says sales were up nearly 70% last year to more than 14,000 biodigesters.
The company is reaching more than 200,000 farmers in 30 countries and has manufacturing facilities in India, Mexico, Colombia and Kenya.
“The time is now for ambitious climate projects, and we intend to lead the charge for smallholder farmers,” said Sistema.bio’s Alex Eaton (who shared Sistema.bio’s origin story with ImpactAlpha on this 2016 podcast).
Eaton says Sistemo.bio can now bring more smallholder farmers into the energy transition, “while driving significant methane and CO2 reductions on farms.”
The Series B round, led by AXA IM Impact Fund and KawiSafi Ventures, includes a mix of equity, debt and non-dilutive capital. Existing investors including Chroma Impact and EU ElectriFI reupped in the round.
Sistema.bio’s roster of investors also include Kiva, OpenRoad Alliance, Beneficial Returns, Endeavor Catalyst Fund and Shell Foundation.