{"id":95205,"date":"2025-03-12T00:00:00","date_gmt":"2025-03-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/12\/gi-water-as-a-services-series-a-funding-propels-it-to-unicorn-status\/"},"modified":"2025-03-12T00:00:00","modified_gmt":"2025-03-12T00:00:00","slug":"gi-water-as-a-services-series-a-funding-propels-it-to-unicorn-status","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/12\/gi-water-as-a-services-series-a-funding-propels-it-to-unicorn-status\/","title":{"rendered":"GI Water as a Service\u2019s series A funding propels it to unicorn status"},"content":{"rendered":"

GI Water as a Service is MENA\u2019s first water unicorn: <\/strong>GI Water as a Service, a Saudi Arabia-based subsidiary of Germany\u2019s GI Aqua Tech<\/a>, hit a USD 1.03 bn valuation after its series A funding round in January, becoming \u201cthe first water sector unicorn in the MENA region,\u201d according to a statement<\/a>. We sat down with GI Aqua Tech CEO Sherif Desouky to discuss the details of the funding round and what\u2019s next for the unicorn.<\/p>\n

Funding details: <\/strong>The round included an \u201ceight-figure\u201d cash investment from Al Zamil Industry, Trade and Transport, and Alqunaibet Investment Fund for a 5.8% equity stake. The new funds will go to driving GI Water as a Service\u2019s market expansion, accelerate R&D, and advance wastewater reuse initiatives across sectors like petroleum and poultry.<\/p>\n

More rounds on the horizon: <\/strong>The company initially planned to delay additional fundraising until year-end, but now anticipates multiple rounds due to rising demand in Saudi Arabia and beyond. \u201cWe have a large pipeline of projects,\u201d including prospects to work on major projects with Souda, Diriyah, SIRC, and Agri-Serve, said Desouky. <\/p>\n

The pitch: <\/strong>GI Water provides decentralized wastewater treatment through a pay-per-cubic-meter model, allowing clients to access services without upfront capital investment. Within a year, it delivered a major industrial wastewater project at Makkah's Magaz Al Adahi slaughterhouse. <\/p>\n

Their flagship platform G-Nano is a wastewater treatment system<\/strong> that is branded as compact, scalable, and energy-efficient. The system continuously treats wastewater in 3 minutes \u2014 compared to 10-24 hours for traditional plants \u2014 and can be installed in small spaces, such as the parking lot of the Samhan Marriott in Diriyah, said Desouky. The company signed an MoU<\/a> with Bahrain\u2019s Tahliya Water Treatment earlier this year to integrate the system into Tahliya\u2019s plants.<\/p>\n

Looking to make an international splash: <\/strong>While maintaining a primary focus on Saudi Arabia, GI Water is also pursuing international expansion. The company is in talks with investors from Singapore and Japan to enter East Asia, and is targeting regions with urgent water treatment needs, including India, Latin America, and Africa. \u201cWe are establishing a factory to produce G-Nano locally, which will serve as a hub for the Gulf and African markets,\u201d said Desouky.<\/p>\n

What\u2019s next? <\/strong>The company is currently developing solutions to improve treatment quality and cut costs. Future plans include tackling oil-related and high-salinity wastewater using the G-Nano system, with hopes of eventually signing agreements with leading energy companies, Desouky said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funding involved an eight-figure cash investment in exchange for equity<\/p>\n","protected":false},"author":1,"featured_media":95206,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2556],"tags":[10,3404,179,4090,3229],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam-ksa","tag-funding","tag-startup-watch","tag-wastewater-treatment","tag-water","wpautop","entry"],"acf":{"mongo_id":"e185d770-ca76-411b-8d4e-fb6e1cb12d89","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/908.jpg","photo_position":"above","homepage_title":"","full_issue_title":"GI Water as a Service\u2019s series A funding propels it to unicorn status","related_issue":[95198],"teaser":"The funding involved an eight-figure cash investment in exchange for equity","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.8f15dd08-c33f-40eb-8112-90bc5cba64b1.mp3"},"yoast_head":"\nGI Water as a Service\u2019s series A funding propels it to unicorn status - 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