Biogas-tech startup Sistema.bio secures $15 million in funding to fuel its global growth

Biogas-tech startup Sistema.bio today announced that it has secured $15 million in financing to fuel its global growth. 

The startup, which helps small-scale farmers turn waste into renewable energy, has seen its sales multiply fivefold in the past three years. 

Who are the investors?

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.

“This strategic investment underscores the confidence of Sistema.bio’s investors in the company’s mission to scale up its transformative impact across Asia, Africa and Latin America,” said Joyce Cacho, Independent Board Chair at Sistema.bio.

What does Sistema.bio do?

Sistema.bio’s innovative biogas technology transforms animal waste into clean biogas for cooking, heating, and electricity generation, while also producing nutrient-rich biofertilizer that boosts agricultural productivity.

Leveraging advanced data tracking platforms, the startup enhances its impact by delivering high-quality carbon mitigation, sequestration, and climate change adaptation programs. These initiatives aim at contributing to the decarbonization of agriculture and supporting a shift towards regenerative farming practices, the release notes.

It claims to operate across three continents and has transformed the lives of over 100,000 farmers and more than 600,000 people worldwide, while reducing over 1 million tons of CO2e emissions annually.

“The continued trust of ElectriFI and our coalition of investors allows us to focus on our work of engaging millions of farmers to help fight the climate crisis and deliver food security. We are now better positioned to reach our goal of empowering one million farmers by 2025, and reducing 1% of global emissions by 2030," said Alexander Eaton, CEO and co-founder of Sistema.bio.

Focus on expansion and innovation

Sistema.bio plans to use the raised capital to scale its operations, enhance its biogas technology, expand its reach to more farms, and improve both the efficiency of its technology and the quality of customer service.

This financing will also position the startup for its upcoming Series C funding round, expected in 2025.

“Chroma Impact is excited to deepen our collaboration with Sistema.bio as they continue to lead the way in sustainable energy solutions for smallholder farmers,” said Manoël Ancion, Managing Director at Chroma Impact Investment. “By aligning with Sistema.bio, we are investing in a future where agriculture plays a key role in the global fight against climate change and poverty.”