WaterEquity Funds SunCulture's Solar Water Pumps for African Farmers
WaterEquity has made its first investment under the newly established Water & Climate Resilience Fund. The recipient is SunCulture, a Kenyan climate-tech startup founded in 2013 by Samir Ibrahim and Aaron Grupper. The deal amounts to $5 million.
SunCulture specialises in solar-powered water pumps, offering an affordable and eco-friendly alternative to traditional diesel and manual irrigation systems. The startup has already helped over 45,000 smallholder farmers adopt sustainable farming technologies through its innovative pay-as-you-grow financing model.
WaterEquity's investment aligns with its mission to mobilise capital for water and sanitation initiatives that boost climate resilience in emerging markets. The $5 million will be used to enhance SunCulture's operations, expand its market reach, and improve financial accessibility for its services. With this investment, SunCulture is well-positioned to scale its impact, tackling water scarcity and food security issues across Sub-Saharan Africa.
This is the first deal under WaterEquity's new Water & Climate Resilience Fund. The $5 million investment in SunCulture will support the growth of sustainable farming technologies, helping smallholder farmers across Africa.
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