Kenya’s Sistema.bio Secures USD 53 M For FarmCarbon Climate Finance Fund

Nairobi-based Climate tech firm Sistema.bio has announced a USD 53 M first close of FarmCarbon, a fund designed to subsidise climate technology adoption for smallholder farmers across Africa, Asia, and Latin America.

Backed by BNP Paribas Asset Management, British International Investment, and the Shell Foundation, the fund will finance over 90,000 biodigesters. These systems convert livestock waste into biogas while generating carbon credits.

Through a “carbon-for-hardware” model, farmers access subsidised biodigesters in exchange for assigning carbon credit rights to the fund.

The initiative, which follows last year’s USD 3.5 M raise, targets methane emissions, one of the most potent greenhouse gases, while improving farm productivity, reducing fertiliser costs, and expanding access to clean energy.