What is SOURCE?
Founded in 2014, SOURCE has established itself as a leader in the renewable water technology space. The company specializes in proprietary systems that utilize solar energy to extract clean, high-quality drinking water directly from the air. By decoupling water production from traditional, often strained, municipal infrastructure, SOURCE provides a decentralized and reliable water source that is independent of grid connectivity. This innovative approach has garnered significant attention from institutional investors focused on ESG-compliant assets and climate-positive technologies. As the global demand for sustainable water solutions intensifies, SOURCE's ability to provide a self-contained, renewable water supply positions it as a key player in the future of resilient infrastructure.
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, BlackRock, Wind Ventures, Fifth Wall, and The Drawdown Fund
Key Investors in SOURCE
Breakthrough Energy Ventures
A mission-driven investment firm backed by global business leaders, focusing on cutting-edge technologies that aim to achieve net-zero emissions across critical sectors like electricity and manufacturing.
BlackRock
One of the world's largest asset management firms, providing institutional-grade investment management and risk advisory services across a diverse range of global asset classes.
Fifth Wall
A premier venture capital firm specializing in proptech, connecting global real estate owners with innovative technology entrepreneurs to redefine the physical built environment.
What's next for SOURCE?
The recent strategic financing round provides SOURCE with the necessary runway to transition from a high-growth startup to a dominant enterprise-level provider of water security solutions. Moving forward, the company is expected to focus on optimizing its manufacturing processes to achieve economies of scale, thereby reducing the cost-per-liter for its end-users. Furthermore, the strategic alignment with its investor base—which includes heavyweights in energy, real estate, and climate-focused venture capital—suggests a roadmap centered on large-scale commercial partnerships and international market penetration. By leveraging these institutional relationships, SOURCE aims to integrate its technology into master-planned communities and industrial projects, effectively embedding its water-from-air systems into the fabric of modern, sustainable urban development.
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