TapEffect: Cambodian focused water-access startup raises funding and secures third investor
PHNOM PENH, June 26, 2023 – TapEffect, a startup providing clean and affordable tap water to last-mile communities in Cambodia received a new equity investment from Clarion Newlife Capital. The startup previously raised equity investment from Habitat for Humanity’s Shelter Venture Fund and World Hope International’s Social Venture fund. Singapore-based Clarion NewLife Capital is a private social impact investment fund, investing in early to late-stage business enterprises primarily in the areas of education, agriculture, healthcare, and housing for the underserved in Asia. TapEffect creates solutions that enable deployment and operation of piped water systems to bring clean tap water to last-mile communities. TapEffect designs, builds and operates these systems, utilizing IoT technology for remote monitoring. Each system can support over 10,000 people and also connects in the schools and healthcare centers within the supply area. TapEffect’s solution addresses the systemic barriers often faced by local water providers, such as high set-up costs and ongoing maintenance. The startup has been replicating this approach to new sites across Cambodia, bringing clean water to last-mile households and is now looking to expand into other countries.