Novastar Ventures invests $3.5 Million in Sistema.bio to boost African expansion

Combined with Novastar’s investment, Sistema.bio has raised a total financing of USD 18.5 million in 2024, focusing on regional geographic growth and adding new products.

Novastar Ventures invests $3.5 Million in Sistema.bio to boost African expansion

Sistema.bio, a global social enterprise specializing in biogas technology, has announced a $3.5 million investment from Novastar Ventures as part of its latest $7.75 million financing round. This partnership aims to accelerate Sistema.bio’s expansion into new African markets and develop innovative agricultural and energy products. Novastar is one of the first and largest global VCs investing in Africa, with over $260 million of assets under management.

Joyce Cacho, Board Chairman of Sistema.bio, said that Novastar Ventures’ investment strengthens our mission to empower low-resourced farmers with sustainable solutions that drive economic growth, climate resilience, and regenerative agriculture. Together, we are scaling impactful technologies that benefit both people and the planet. 

Steve Beck, Co-founder of Novastar Ventures, highlighted the potential impact of Sistema.bio’s technology. “By transforming farm waste into renewable energy and fertilizer, Sistema.bio unlocks economic, health, and productivity benefits for farmers while reducing greenhouse gas emissions,” Beck said. The investment marks the first from Novastar’s Africa People and Planet Fund III, which focuses on businesses addressing Africa’s economic and environmental challenges.

Sistema.bio plans to leverage the funding to scale its biogas systems, expand its digital MRV (Measurement, Reporting, and Verification) technology, and support the ambitious goal of reducing global greenhouse gas emissions by 1% by 2030. The company leverages carbon markets to drive growth and equip more farmers with tools to create resilient, productive, and sustainable agricultural systems.

Alex Eaton, CEO and Co-founder of Sistema.bio, welcomed Novastar as a strategic partner, noting their commitment to climate action and sustainable agriculture. "Their investment bolsters our ambition to scale our services across Africa, empowering even more farmers with impactful solutions. It also reinforces our commitment to climate action as we work toward achieving a 1% reduction in annual global greenhouse gas emissions by 2030," he said. 

Combined with Novastar’s investment, Sistema.bio has raised a total financing of USD 18.5 million in 2024, focusing on regional geographic growth and adding new products. This funding also sets the stage for Sistema.bio’s anticipated Series C round, allowing the company to continue its leadership in biogas technology while advancing its mission to support smallholder farmers worldwide.

 

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