📣 US Government Backs Water Unite Impact to Fund the Water Sector’s Missing Middle in Emerging Markets 💧 Water Unite impact (WUI) - a strategic partnership between FCA regulated Impact Investment manager Wellers Impact and Water Unite - is delighted to announce a US$7.5 million investment from the U.S. International Development Finance Corporation (DFC). This significant step will help WUI accelerate its mission to close the critical "missing middle” - the significant funding gap in the water sector where government funding and private investment fail to connect. With 771 million people currently without access to clean water, 1.7 billion without adequate sanitation facilities, and climate change expected to cause 52% of the world's population to live in water-stressed areas by 2050, there has never been a greater need to find sustainable and commercially viable solutions to water poverty. This exciting new funding from the DFC will help support WUI’s mission to provide innovative companies focused on sustainable water poverty solutions with the capital, expertise, and networks they require for significant growth. Read the full press release here 👉 https://lnkd.in/eC4fp4jN 👈 #watersecurity #waterpreservation #impactinvesting #DFC #wateruniteimpact #wellersimpact
This is great news - it directly supports finance into more SMEs and grows investment into the water sector = more solutions that impact all our lives, livelihoods and nations tackling climate change, worldwide!
Great work team - a fantastic step to scale up our impact 💧
Well done - Let’s keep up with the good work!
Congratulations, that's great news!
Fantastic news!
Congrats All!
Managing Director - Impact Finance at DFC (formerly "OPIC")
5moCongrats to Wellers Impact for reaching this important milestone. Very pleased to have led this transaction on behalf of DFC as part of our Portfolio for Impact and Innovation. The blended finance model of the Water Unite Impact fund is truly innovative and will channel additional financing for plastic recycling, clean water and improved sanitation in Africa and across the developing world.