Transaction Summary
Incofin Investment Managers (Incofin), through its Water Access Acceleration Fund (W2AF), has committed €3 million ($3.2 million) to SPOUTS International (SPOUTS), a Ugandan social enterprise dedicated to improving access to clean water across Africa. Operating primarily in Uganda and Rwanda, SPOUTS designs, manufactures, and distributes ceramic water filters under the “Purifaaya” brand and also offers sustainable cookstoves. This investment will enable SPOUTS to scale its operations across Africa, increasing access to safe drinking water for underserved communities. The capital will also bolster SPOUTS’ carbon credit program, which aligns with global sustainability goals by mitigating carbon emissions. This marks Incofin’s second investment through W2AF, following a €7.5 million ($7.9 million) investment in Rite Water in October 2023. The fund, which secured €36 million ($38.2 million) at its first close, aims to raise a total of €70 million ($74.2 million).
Terms
- Fund Manager: Incofin Investment Managers
- Fund: Water Access Acceleration Fund
- Target: SPOUTS
