DOB Equity in East African water sector deal
DOB Equity has invested in Spouts, a company enabling access to clean water through its locally-manufactured ceramic water filters.
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DOB Equity, an impact investment fund based in East Africa, has invested in Spouts International, an East African company enabling access to clean water through its locally-manufactured ceramic water filters under the brand name Purifaaya. These filters offer a safe, affordable and eco-friendly solution for clean drinking water, eliminating the need for traditional boiling methods that are harmful to the environment.
The Purifaaya filters, made from locally sourced materials, use advanced ceramic filtration technology and are designed to be simple and accessible for everyday use. By eliminating the need to boil water, they address critical health and environmental challenges, including:
Indoor air pollution caused by firewood or charcoal used for boiling water, which is a leading cause of respiratory illnesses.
Deforestation from the unsustainable harvesting of wood for fuel.
High carbon emissions from traditional boiling methods.
By enabling communities to reduce their carbon footprint, Spouts is able to provide high quality, verified carbon credits, which, together with commercial filter sales, transforms the way clean water is accessed in underserved communities.
“Spouts marks our first investment under DOB Equity’s new strategy, falling specifically under our “Water” Pillar. Spouts fully aligns with our mission to support scalable, local innovations that have clear social impact to the underserved and supports these communities to better adapt to the negative impacts of climate change. We are glad to have found a company in the water sector that not only achieves significant impact by providing clean drinking water but also demonstrates financial viability through its innovative business model. With less than 25% of East Africa’s population having access to reliable safe drinking water, the need for solutions like Purifaaya filters is urgent. By addressing both health and environmental issues, Spouts is driving transformative change in the region and setting a benchmark for sustainable impact,” said Karen Serem Waithaka, CEO of DOB Equity.
“Our team is excited to work together with DOB Equity in Spouts’ next phase of growth and impact. DOB and Spouts’ missions were aligned since the early stages and we are looking forward to providing millions of additional families with long-term access to safe drinking water, together,” said Daniel Yin, CEO of Spouts.
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