SunCulture raises $27.5m in Series B funding
SunCulture raises $27.5m in Series B funding
SunCulture is a provider of solar-powered irrigation solutions and agricultural technology to smallholder farmers.
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SunCulture, a provider of solar-powered irrigation solutions and agricultural technology to smallholder farmers, has announced the close of its $27.5 million Series B funding round.
The round attracted a diverse group of investors, including Reed Hastings, InfraCo Africa, Acumen Fund, The Schmidt Family Foundation, and others, as well as follow-on investment from EDF Group, Equator, and the Acumen Resilience Agriculture Fund (ARAF).
"Today marks a pivotal moment for SunCulture, our dedicated team, and the farmers we serve," said Samir Ibrahim, CEO and co-founder of SunCulture. "This investment is a testament to the hard work and dedication of our team, and it reinforces our mission to make farming more profitable, sustainable, and environmentally friendly. With this new funding, we are set to accelerate our impact, bringing our life-changing technology to even more farmers around the world."
Ekta Partners acted as the exclusive financial advisor for this transaction.
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