ATEC Biodigesters International, a cleantech startup headquartered in Phnom Penh, Cambodia, has raised an undisclosed sum in debt financing from US-based impact investor Beneficial Returns.
Singapore-based Impact Investment Exchange (IIX) facilitated the deal through its crowdfunding platform Impact Partners.
ATEC is a social enterprise that produces, sells and distributes a custom-manufactured 3.25m3 biodigester design manufactured in Phnom Penh. The ATEC Biodigester is a rotor-moulded unit designed for the challenging environments of rural farmers. To date, over 1,000 units have been sold within Cambodia, providing renewable gas for cooking and 20 tons of organic fertilizer per year.
Prior to this round, ATEC has raised Series A funding, in which Small Giants (Australia), Fondation Ensemble (France), ENGIE Rassembleurs d’Energies (France), and a private Australian investor, co-invested.