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Social Enterprise Platform Sistema.bio raises USD 12 mn

28May By AdityaNo Comments

FUNDING

Social Enterprise Platform Sistema.bio raises USD 12 mn

Social enterprise Sistema.bio Monday said it has raised USD 12 million from investors and the amount would be used to help two lakh farmers in many countries, including India, over the next three years. "Shell Foundation, DILA CAPITAL, Engie RDE Fund, EcoEnterprise Fund, EDFIMC (ElectriFI), Endeavor Catalyst Fund, CoCapital, Triodos, Alpha Mundi, and Lendahand are among the investors and creditors participating in the round," the company said in a statement. It plans to impact two lakh smallholder farmers in India, Kenya, Mexico and South America with biodigester technology over the next three years. Sistema.bio is an international social enterprise that works with smallholder farmers to address the challenges such as poverty, food security, and climate change, providing access to...

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