What is SOURCE?
Founded in 2014, SOURCE has developed a unique renewable drinking water system that operates independently of traditional water grids. By utilizing advanced materials science and solar energy, the company provides a decentralized solution for water production, effectively bypassing the limitations of aging municipal infrastructure. The company's market position is bolstered by its ability to serve both enterprise-level clients and remote communities, making it a versatile asset in the broader climate technology landscape. As water security becomes a central pillar of ESG mandates, SOURCE's technology offers a scalable, carbon-neutral alternative to conventional water sourcing methods.
The company's growth trajectory has been supported by a consortium of high-profile investors who specialize in climate-positive technologies and sustainable infrastructure. This backing has allowed SOURCE to transition from early-stage development to a mature enterprise capable of executing large-scale installations globally.
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 The Drawdown Fund, Fifth Wall, Breakthrough Energy Ventures, BlackRock, and Wind Ventures
Key Investors in SOURCE
The Drawdown Fund
A growth-stage investment firm dedicated to combating climate change by backing innovative solutions that reduce carbon emissions and reverse global warming.
Fifth Wall
The largest venture capital firm focused on proptech, connecting global real estate leaders with transformative technologies that redefine the built environment.
Breakthrough Energy Ventures
A mission-driven investment firm backed by global business leaders, focused on funding companies that can significantly reduce emissions across key economic sectors.
What's next for SOURCE?
With the infusion of $130M, SOURCE is well-positioned to scale its manufacturing capabilities and expand its footprint in key international markets. The strategic focus will likely shift toward optimizing supply chain efficiencies and deepening partnerships with real estate developers and municipal entities looking to integrate sustainable water solutions into their portfolios. As the company matures, the emphasis will remain on proving the long-term reliability of its atmospheric water technology at scale, further cementing its role as a leader in the transition to a more resilient and water-secure future.
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