Participated · Series B · Feb 2018

Jibu operates a franchise network that enables local entrepreneurs to deliver safe drinking water and related services in emerging-market communities. The company scaled from two franchises in two countries in 2015 to more than 200 businesses in Kenya, Uganda and Rwanda. It has adapted a licensing model in Zimbabwe to partner with a local investor-entrepreneur with plans to grow to more than 90 franchises there, and is piloting the model in Tanzania. Jibu is led by co-founders Randy Welsch (Co-Founder and President) and Galen Welsch (Co-Founder and Chief Executive Officer). The company will use the Series B proceeds to accelerate a planned launch of 1,000 drinking water franchises in at least a dozen new countries by 2022. After the $7M Series B, Jibu has raised more than $10M in total.