Credit: SunCulture

SunCulture raises $27.5 million for climate-smart technology

SunCulture, a leading provider of solar-powered irrigation solutions and agricultural technology for smallholder farmers, has raised $27.5 million in its Series B funding round.

The oversubscribed round marks a significant milestone in the company’s mission to revolutionise sustainable farming practices across the globe.
The Series B funding attracted a diverse group of international investors — Reed Hastings, InfraCo Africa Acumen FundThe Schmidt Family Foundation, and others.

It follows on investments from EDF GroupEquator, and the Acumen Resilience Agriculture Fund (ARAF), signaling strong confidence in SunCulture’s innovative approach to the challenges facing smallholder farmers, especially in emerging markets.

The investment will fuel SunCulture’s growth, enabling the expansion of its product line, entry into new markets, and further development of its technology platform to increase smallholder farmer productivity and resilience to climate change.

Pivotal moment
“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 life-changing technology to even more farmers”, Ibrahim said.
SunCulture’s solar-powered water pumps and irrigation systems have been transformative for smallholder farmers, enabling access to water, reducing labour costs, and increasing crop yields.
The Series B funds will be instrumental in scaling SunCulture’s operations, enhancing its technology offerings, and supporting its strategic expansion plans. The company is poised to enter new markets in sub-Saharan Africa and beyond.
“This oversubscribed funding is a clear indication of the market’s confidence in SunCulture, our vision, and our impact on the ground,” said Andrew Reicher, chairman of SunCulture. “We are grateful for the support of our new and existing investors, and we look forward to leveraging these resources to drive further innovation and growth.”
Ekta Partners acted as the exclusive financial advisor for the transaction, building on the team’s track record in raising capital for tech companies driving positive change.

About SunCulture
SunCulture helps smallholder farmers grow more food with new climate technology, financing, and a digital marketplace. The company has a 50 percent market share of smallholder farmer solar irrigation systems in sub-Saharan Africa. It was selected by the World Economic Forum as a Technology Pioneer in 2023 and by Fast Company as one of the World’s Most Innovative Companies in 2021.

For more information, visit www.sunculture.com
For media inquiries, contact: Kahra Cagulada
kahra.cagulada@sunculture.com

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