Jibu raised 7 million USD!

We congratulate Randy, Galen and the team of water kiosk business Jibu in closing their USD 7 Million USD round! Jibu is one of the 14 companies studied in a new in-depth study managed and co-authored by Africa Funded’s CEO Saskia Reus.

Source: Jibu

The research executed by Dalberg was set up to identify opportunities and barriers to scale Safe Water Enterprises and the sector. Key findings from the research can be found here

The Jibu deal shows there are investable opportunitites in water. A few years ago still “designing a scalable cookie cutter” and now scaling in multiple countries. Read more about the deal here