What is SOURCE?
Founded in 2014 and headquartered in Scottsdale, Arizona, SOURCE has developed a unique renewable drinking water system. This innovative technology harnesses solar power to extract clean and reliable drinking water directly from the air, addressing critical needs for sustainable water solutions. The company's focus on renewable resources and advanced technology positions it as a key player in the environmental technology sector.
How much funding has SOURCE raised?
SOURCE has raised a total of $130M across 1 funding round:
Series D
$130M
Series D (2022): $130M with participation from Breakthrough Energy Ventures, Fifth Wall, The Drawdown Fund, BlackRock, and Wind Ventures
Key Investors in SOURCE
Breakthrough Energy Ventures
Breakthrough Energy Ventures is a prominent investment firm focused on funding cutting-edge companies that drive the transition to net-zero emissions, with a significant capital base to support transformative clean energy innovations.
Fifth Wall
Fifth Wall is the largest venture capital firm dedicated to property technology (proptech), connecting real estate industry leaders with technology entrepreneurs to redefine the future of the physical environment.
The Drawdown Fund
The Drawdown Fund invests in growth-stage businesses committed to combating climate change through innovative solutions, aiming to generate both significant impact and financial returns.
What's next for SOURCE?
The recent major strategic investment signals a pivotal phase for SOURCE, likely enabling the company to scale its operations, expand its market reach, and further develop its proprietary solar-powered water extraction technology. This capital infusion is expected to accelerate the company's mission to provide sustainable and accessible drinking water solutions globally, reinforcing its position as a leader in clean tech innovation.
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