What is Atec?
ATEC is an Australian social enterprise dedicated to providing cost-effective, sustainable, and accessible clean cooking solutions worldwide through advanced cooking technology. The company's mission is to address the critical need for cleaner energy alternatives in households globally, thereby improving health outcomes and reducing environmental impact. Atec's commitment to innovation and accessibility positions it as a key player in the global clean energy transition.
How much funding has Atec raised?
Atec has raised a total of $20.8M across 3 funding rounds:
Seed
$1.5M
Series A
$3.8M
Private Equity
$15.5M
Seed (2024): $1.5M with participation from Spark+ Africa Fund
Series A (2024): $3.8M led by DRW Holdings, Schneider Electric, iDE Global, and Save the Children
Private Equity (2025): $15.5M supported by Lightrock, Schneider Electric, and Trirec
Key Investors in Atec
Lightrock
Lightrock is a global sustainable investment platform managing over $5.5 billion in assets, focusing on purpose-driven businesses that address significant global challenges. Their investment in Atec aligns with their commitment to impact and returns through technology-driven growth-stage companies.
Schneider Electric
Schneider Electric, a global specialist in energy management and automation, provides energy and automation digital solutions for efficiency and sustainability. Their participation suggests a strategic alignment with Atec's mission to deliver sustainable energy solutions.
Trirec
Trirec is a venture capital firm focused on decarbonization investments, supporting companies that aim to maximize climate impact. Their investment in Atec highlights the company's contribution to sustainable energy and climate change mitigation.
What's next for Atec?
The recent major strategic investment and substantial overall capital infusion indicate Atec is likely in a growth or scaling phase, poised for significant expansion of its operations and market reach. This backing will enable Atec to further develop its world-class cooking technology, broaden its distribution networks, and deepen its impact in communities requiring sustainable cooking solutions. The company's trajectory suggests a strong focus on scaling its enterprise-level impact and solidifying its position as a leader in the clean cooking sector.
See full Atec company page
