ImpactAlpha’s deal news coverage for the week:
Agrifood investing. Netherlands-based B Corp. Mosa Meat inked €40 million to begin tastings for its lab-grown beef products… Also in the Netherlands, VitalFluid raised €5 million to supply produce growers with sustainable pesticide and fertilizer made out of “plasma activated water”… Belgium’s AmphiStar raised €6 million to repurpose agrifood waste into bio-surfactants for cosmetics, chemicals and construction materials… Israel-based Greeneye Technology notched $20 million to reduce the use of chemicals in agriculture through precision spraying… Patagonia’s venture capital arm Tin Shed Ventures, led a £1 million pre-seed investment round for Fibe, a UK-based company that makes new textiles out of potato harvest waste.
Climate finance. Boston-based Wellington Management, the $1.4 trillion asset manager, raised $385 million for its first climate investment fund.
Creative economy. Upstart Co-Lab raised $15 million to invest in an inclusive creative economy… Impact venture fund Impact X backed a $3 million equity round for Bump, a Black-led fintech venture that helps entrepreneurs in the creative economy manage their finances.
Emerging market funds. IDB Lab provided a $3 million anchor investment for iThink VC, an investment firm that supports early stage tech startups in Paraguay and Bolivia… Next Billion raised capital to invest in digital infrastructure and services in Latin America, Asia and Africa… TLcom Capital closed its second fund for early-stage African tech ventures at $154 million… India-based VC firms Caret Capital and Ev2 Ventures secured an anchor investor for their $50 million early-stage fund for sustainability startups
Energy transition. The US Department of Energy’s Loan Programs Office closed a $362 million loan to CelLink Corp. to build a manufacturing plant for electric vehicle parts… Netherlands-based Aquabattery raised €6 million to develop its saltwater-based long duration energy storage system… IFC wrote a $300 million check to Standard Bank for renewable energy and low-income housing in South Africa.
Financial inclusion. Indian home lender Altum Credo’s $40 million round gave investors a partial exit.
Good jobs. Tangent secured early funding to democratize referrals for UK tech workers.
Indigenous communities. Patagonia invested $20 million to launch Home Planet Fund for Indigenous-led climate and conservation work in politically-risky and remote areas… Visa Foundation invested $2 million in First Australians Capital’s Catalytic Impact Fund, which provides patient debt capital to Indigenous-owned and run businesses in Australia.
Investing in health. Midi Health raised $60 million in an equity round led by Emerson Collective to provide remote care for women going through perimenopause and menopause… IDB Lab provided $2 million in debt financing to DoctorOne, a telemedicine service for remote patients in Ecuador… Summer Health secured $11.7 million in Series A funding to provide 24/7 online pediatric services to parents and their children… Rethink Impact led a $10 million investment round for Clarity Pediatrics to make it easier and more affordable for parents to get diagnoses and support for kids with ADHD.
Muni impact. Michigan raised $53 million to green its healthcare services.
