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New Deal


Announced

Completed

Breakthrough Energy and Drawdown Fund led a $130m Series D funding round in SOURCE Global.

Financials

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Transaction Value£108m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Food Products

Venture Capital

Private

Domestic

Minority

drinking water

United States

Friendly

Acquisition

Completed

technology

Synopsis

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Breakthrough Energy, a venture capital investment firm, and Drawdown Fund, an investment fund, led a $130m Series D funding round in SOURCE Global, a drinking water technology provider, with participation from Microsoft Climate Innovation Fund, Fifth Wall, Blackrock, WIND Ventures, Duke Energy, Harvard Management Company, Material Impact Partners, Monashee Capital, and The Lightsmith Group. “We are thrilled to expand our partnership with this category-creating business. Over the last half-dozen years, SOURCE has been building a tightly interconnected set of global solutions that have the power to make potable water poverty a thing of the past. As SOURCE continues to execute and grow, we believe the company will have a generational impact," Carmichael Roberts, Breakthrough Energy Managing Partner at Material Impact and Co-Lead of Investment Committee.

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