Sistema.bio, an agritech startup founded by Camilo Pages and Alexander Eaton has closed a Series A investment round of US$12 Million led by DILA CAPITAL, Engie RDE Fund, EcoEnterprise Fund with participation of Endeavor Catalyst.
This new funding will help Sistema.bio expand throughout Mexico, South America, Kenya, and India over the next three years, bringing their biodigester technology and their impact to over 200,000 smallholder farmers.
“This fundraise allows us to invest in manufacturing, operational reach and product development. Combined, we will have the economies of scale to reach deeper into our established regions and build partnerships with like-minded institutions already serving smallholder farmers. This is common sense technology for over 100 million livestock farmers worldwide, and we are well positioned to be a reference brand for this market,” said Graham Day, CFO of Sistema.bio.
Founded in 2010, Sistema.bio works with smallholder farmers to address the challenges of poverty, food security and climate change, providing access to innovative biodigester technology, training and financing to make farmers more productive, efficient and sustainable.
Sistema Biobolsa helps farmers put waste to work: utilizing patented, high-quality, and affordable Biobolsa biodigesters, farmers convert animal manure into renewable energy and organic fertilizer to power their houses and fertilize their crops. With as few as two cows, a Biobolsa biodigester produces enough clean and renewable biogas (a type of biofuel) to meet all energy needs for cooking and heating in a rural household as well as organic fertilizer to improve crop yield for up to five hectares.
According to the World Bank, biodigester technology improves crop yields and reduces reliance on traditional fuels, thereby improving the overall economic performance of the farm. Along with the digester itself, the Mexico-based firm develops affordable and high-quality biogas equipment customized for small and remote farms, making them more environmentally-friendly and profitable, at the same time.
The company aims to bring clean-energy and sustainable agricultural practices to 100 million farmers.
Alexander Eaton, CEO and Co-founder of Sistema.bio: “We are excited to partner with institutions that share our commitment to sustainable agriculture and that fight against climate change and poverty. The investment will enable Sistema.bio to accelerate our growth and impact in Latin America, East Africa, and India.”