Kenyan climate-tech startup SunCulture has raised US$5 million from WaterEquity, the first investment under the firmโs new Water & Climate Resilience Fund.
โWaterEquity understands that water investments donโt fall into a single box โ scaling water infrastructure can deliver both incredible impact and strong commercial returns. Weโre proud to be the first investment from their new fund and look forward to growing our business together,โ Samir Ibrahim, CEO and Co-Founder of SunCulture said.
Founded in 2012 by Samir Ibrahim and Charles Nichols, SunCulture has perfected its pay-as-you-grow financing model making its units affordable for low-income farmers. SunCultureโs technology offers a clean alternative to diesel and manual pumps, cutting costs while improving reliability. Its customers also use the systems to access groundwater for household needs, reducing the daily burden of water collection and addressing both food security and water access challenges.
โThis first investment marks a pivotal milestone for the Water & Climate Resilience Fund, demonstrating how collective action and strategic investing can scale water and sanitation solutions in emerging markets,โ said Elan Emanuel, Managing Director and Chief Investor Relations Officer โ WaterEquity.
Since 2016, WaterEquity has raised more than US$470 million, with projects improving water and sanitation access for over 7 million people.
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