Patient Capital in Action
WaterHealth International has impacted the lives of over 350,000 people, and they are still growing.
In 2004 Acumen invested $600,000 in WaterHealth International, a company that brings safe drinking water to rural Indians in a financially sustainable way. Many said this was impossible. One year after our first investment, WaterHealth had broken ground on two new water systems. But it was hard going, with both systems going over budget and past deadline. Working with Acumen to modify the design of the water facility to decrease costs, and after working to create efficiencies in their operations, a year later WHI had ten systems in operation, and had started to attract the interest of additional investors. Three years after our initial investment, WHI had raised $11 million in private capital and were speaking with banks about financing an additional 20 systems.
Today, WHI has developed over 500 systems worldwide giving access to safe water to over five million people, and they are still growing. With over $30 million now raised, this is a company that leveraged a powerful business model, dedicated leadership, and access to patient capital, to create an innovative new approach to tackling global water challenges. The company has recently expanded to Ghana through a partnership with Coca-Cola and Diageo called “Safe Water for Africa” which aims to bring safe water to 50 communities.
Flexible, long-term investments of patient capital for businesses like WHI are changing the way the world tackles poverty. To see how patient capital has impacted millions of other people, please take a look at our individual investment pages.