Source Global, Pbc, Innovator Of Renewable Drinking Water Technology, Raises More Than $130 Million
07/19/22, 1:09 PM
Location
scottsdaleMoney raised
$130 million
Industry
sustainability
government and military
SOURCE Global, PBC (“SOURCE”), a world leader in sustainable drinking water technology, today announced that funds managed by Breakthrough Energy Ventures and Drawdown Fund co-led its $130 million Series D equity financing. Other significant participants in the financing are Microsoft’s Climate Innovation Fund, Fifth Wall, Blackrock, WIND Ventures, Duke Energy, Harvard Management Company, Material Impact Partners, Monashee Capital, and the Lightsmith Group.
Company Info
Location
scottsdale, arizona, united states
Additional Info
The company plans to further scale its commercial, community, and consumer offerings globally and to accelerate innovation in advanced renewable water technologies.“We are thrilled to expand our partnership with this category-creating business,” said Carmichael Roberts, Managing Partner at Material Impact and Co-Lead at Breakthrough Energy's Investment Committee. As SOURCE continues to execute and grow, we believe the company will have a generational impact.”SOURCE Global’s patented Hydropanel technology – the world’s first truly renewable drinking water platform – uniquely serves the significant, fast-growing demand for clean, sustainable drinking water delivered through climate-resilient solutions at scale.