Netflix Founder, Ex-Alphabet CEO Back African Solar Irrigation Startup

SunCulture subsidizes solar-powered pumps with carbon finance
Company operates directly in Kenya, Ivory Coast and Uganda

Reed Hastings
Photographer: Kyle Grillot/Bloomberg

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By Antony Sguazzin

April 10, 2024 at 1:00 AM EDT

Updated on

April 10, 2024 at 10:40 AM EDT

Reed Hastings, the co-founder of Netflix Inc. and Eric Schmidt, the former chief executive officer of Alphabet Inc., through his foundation, took part in a funding round for an African solar irrigation startup.

The two billionaires are among investors who have invested $27 million in Nairobi, Kenya based SunCulture alongside others such as InfraCo Africa Ltd. and Acumen Fund Inc., the startup said.

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