Catching Up On Jibu
By Galen Welsch Co-Founder, CEO. Randy Welsch Co-Founder, President, Jibu
Nice things being said
Thanks to so many of you saying nice things about us, we continue to receive outsized opportunities to share the Jibu story, most recently at the White House, the Global Entrepreneurship Summit and the Toronto Global Economic Forum among other venues. What seems to resonate with audiences is not just the expanded access to drinking water we are bringing, but our business model – how we are primarily fueled by our passionate, co-invested local entrepreneurs who are pathfinding a new way for social enterprises to be more than just sustainable.
In addition to the positive press, we were also honored by B-Lab as one of the “Best in the World” B-Corps recently. If you haven’t seen it yet, check out this BBC mini-documentary on Jibu.
We are currently raising $7M of equity and grants in our Series B growth round. It is going well but we need some help to reach this goal by the end of the year. Equity investments hopefully generate a nice return while grants provide leverage and grants highly leveraged to multiply impact. This funding would enable us to launch 1000 new franchises, expand to at least 10 new countries (with some in new continents) and, most importantly, be able to continue our current growth trajectory fueled primarily by organic profit rather than solicit future grant or equity investments.
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