New Investments
Novastar Ventures Invests $3.5 Million in Sistema.bio to Expand Renewable Energy Solutions for African Farmers
Novastar Ventures has announced a $3.5 million investment in Sistema.bio, a Nairobi-based company pioneering renewable energy solutions for smallholder farmers.
This funding forms part of a $7.75 million internal round, enabling Sistema.bio to scale its biogas technology and digital solutions across Africa.
The investment aligns with Novastar’s mission to foster sustainability and economic development through its Africa People + Planet Fund III, which targets climate-focused initiatives and agricultural advancements.
Sistema.bio has made significant strides in providing biogas technology that transforms animal waste into renewable energy and biofertilizer, helping farmers reduce energy costs and improve soil health.
Operating across 12,000 farms in 31 countries, including several in sub-Saharan Africa, the company has positively impacted over 100,000 farmers.
Enhanced Capabilities Through Technology
Sistema.bio’s acquisition of Inclusive Energy has strengthened its digital monitoring and verification (MRV) capabilities.
The integration enhances remote diagnostics, carbon usage analytics, and predictive maintenance, ensuring efficient service delivery and reliable data insights for farmers.
“This investment strengthens our mission to empower low-resourced farmers with solutions that drive economic growth and climate resilience,” said Joyce Cacho, Board Chairman of Sistema.bio.
“Together, we are scaling impactful technologies that benefit both people and the planet.”
Steve Beck, Co-founder of Novastar Ventures, expressed optimism about the partnership:
“Sistema.bio empowers family farmers to transform waste into renewable energy and fertilizer, unlocking productivity and resilience while reducing greenhouse gas emissions. We’re excited to partner at this growth stage and contribute to their carbon market initiatives.”
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like…
IFC Invests $25 Million in Acumen’s Fund to Enhance Energy Access in Sub-Saharan Africa
The International Finance Corporation (IFC) has committed up to $25 million to Acumen’s Hardest-to-Reach (H2R) Fund, a $200 million initiative aimed at improving energy access in underserved regions of Sub-Saharan Africa.
IFC Proposes $40 Million Investment in Cygnum Capital’s Facility for Energy Inclusion Fund
The International Finance Corporation (IFC) is considering an equity investment of up to $40 million in the Facility for Energy Inclusion (FEI), a continent-wide debt fund focused on expanding access to renewable energy in Africa.
Kenya’s Farm to Feed Raises $1.5 Million to Tackle Food Waste and Build a Climate-Resilient Food System
Kenyan agri-tech startup Farm to Feed has secured a $1.5 million seed funding round to accelerate its operations and support the development of a more climate-resilient food system across Africa.