In Kenya, Sistema.bio has secured a package of $15 million in financing to fuel its global growth. The company has grown its sales by over five times 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.
Led by ElectriFI, managed by the EDFI Management Company, the financing was completely funded by Sistema.bio’s existing investors and will cover a variety of growth and diversification goals ahead of Sistema.bio’s anticipated Series C financing in 2025. A large portion of Sistema.bio’s existing equity investors participated in the financing, including 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.
