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Host Joy Anderson welcomes her brother, the philosopher Joel Anderson, to discuss how AI is changing the way we work. While AI can …
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Greetings Agents of Impact! In today’s Brief: Featured: Power in Place Community finance can close the digital divides federal programs have left open. …
Community finance can close the digital divides federal programs have left open. Federal broadband funding was supposed to bring high-speed internet to all Americans. Yet some 26 million Americans have no high-speed home internet access. Purpose-driven providers are cropping up across the country to close connectivity gaps. “This work needs lenders that can structure financing around the realities of each place, with flexible terms, patient capital and covenants that hold providers accountable,” writes Connect Humanity's Brian Vo in a guest post. “It screams community development finance.” The San Francisco-based nonprofit partners with community and local broadband providers. Its pilot fund has deployed $3 million to catalyze $47 million in public and private financing for five projects. In Plumas County, Calif., Connect Humanity invested in Peak to Peak Communications to bring fiber to remote mountain communities in the Sierra Nevada. In Alabama, it structured a $500,000 loan that helped Rural LISC, the Macon County Economic Development Authority and Point Broadband advance a $3.9 million fiber build. The bigger goal, says Vo, is “to catalyze an ecosystem that sustains broadband lending perpetually so communities aren’t forever exposed to the boom-and-bust cycle of public grants.”
June Health snags early funding to improve women’s healthcare. The Toronto-based company pairs clinician-trained AI with physicians, nurse practitioners, psychotherapists and dietitians, to give women faster access to better care. “Women’s health has been underserved, underfunded and unnecessarily difficult to navigate for far too long,” said Lori Casselman, who launched June Health last year after more than 20 years in the healthcare and insurance industry. June Health partners with employers and insurers to help women navigate preventative care, hormonal and sexual healthcare, chronic conditions, and family planning. It raised C$2.4 million (US$1.7 million) in a round led by Toronto-based insurer Securian Canada. “June Health is building a thoughtful and differentiated approach to women’s healthcare that reflects both the complexity of women’s health needs and the growing demand for more connected care experiences,” said Securian’s Nigel Branker. AgeTech Capital, a Montreal-based investor in aging-focused tech startups, also participated, alongside several Canadian tech founders.
Investors learn to design nature-based investments around natural cycles. Natural systems don't always adhere to traditional investment expectations. Nature-focused investors are increasingly designing their investments to align with natural cycles. More than half of nature-related deals in the last decade were designed to generate multiple income streams, encouraging long-term commitments from investors, according to "Gaining ground: the state of private investment in nature," a new report from Forest Trends and The Nature Conservancy. North Carolina-based Aurora Sustainable Lands, for example, established a permanent capital vehicle to invest in sustainable timberland management, rather than applying the fixed-exit timelines that most timber funds use. The joint venture between Anew Climate and Oak Hill Advisors provides regular payments to investors through timber sales and carbon credit sales. Investors include Temasek-backed GenZero, Microsoft and TotalEnergies. "The movement toward multiple revenue models brings manager business models into closer alignment with how ecosystems actually work – as a bundle of diverse and mutually connected ecosystem functions," the authors write. That should create "greater incentives for more holistic management."
Ira Goldstein will step down as Reinvestment Fund’s senior advisor of policy solutions to launch IJG Urban Advisors, an impact consulting firm… Angeles Toledo-van den Bogaard, formerly with Achmea Investment Management, joins Columbia Threadneedle Investments as responsible investments director… ResponsAbility brings on Iain Macdonald, previously with M&G Investments, as chief risk officer.
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Host Joy Anderson welcomes her brother, the philosopher Joel Anderson, to discuss how AI is changing the way we work. While AI can …
A growing chorus of stakeholders is calling for “broad-based ownership” of AI. But what does that mean in practice? And what would move …
Recently, Alphabet announced the ubiquitous Google search bar will be completely powered by artificial intelligence. This comes as the parent company of Google …
Detroit, Mich. – Detroit is shedding its underdog stance for a more inclusive pitch: the Motor City as an AI-era launchpad where tech innovation …
African startups are joining the AI race, on their own terms. From Nairobi to Lagos to Johannesburg, local entrepreneurs are building on open …
No rule or regulator required Anthropic to pause the release of its new Mythos model. The San Francisco-based AI company voluntarily limited its …
Refiant AI’s plan for curbing AI data centers’ surging energy demands isn’t more energy production, it’s shrinking AI models’ energy needs. The US …
“AI is more suited to ‘move slow to move fast’ than ‘move fast and break things’.“ A New York-based partner at a billion-dollar-plus …
On the streets of Austin, Tesla’s Optimus robot served drinks to SXSW revelers. Nearby, a pint-sized android flipped the bird at passersby. The …
Inside the big business of impact investing.
Three years ago, the Canadian government set aside $755 million to jumpstart the country’s social finance market (see, “Canada’s Social Finance Fund aims …
Private equity fundraising and deals are still in a slump and valuations are under pressure. But at the annual SuperReturn conference in Berlin, …
Plastics are so 1950s. “Everyone’s coming to the idea that we need to rethink the traditional polymer and plastic economy, which developed in …
With their supply chains, their manufacturing and their operations, family business leaders in Hong Kong, Korea, Singapore and other economic hubs in Asia …
Venture capital firms are placing increasingly large bets on pre-revenue startups. Infrastructure and private equity buyout funds are looking to take control of …
A decade ago, the board of Toronto-based Inspirit Foundation committed 100% of its portfolio, in public and private holdings, to impact. In 10 …
An invitation to meaningful and necessary change is not an invitation to ease, elegance or glamor. Organizers of last week’s Katapult Future Fest …
The places that need climate capital the most have long gotten the least. The outcome of global efforts to mitigate the worst effects …
Private equity giants have long sought access to Americans’ retirement accounts. The White House is no longer standing in their way. In August …
Provocative opinions and insightful analysis from the community
For years, the climate investment conversation was framed around the energy transition. That was the right framing for a long time. It helped …
The US is facing a reproductive and maternal health crisis that practitioners on the ground navigate daily. As CEO of Rhia Ventures, I …
A senior partner at a mid-market private equity firm recently told me they had stopped reading the ESG sections of their portfolio companies’ …
Juneteenth is often described as a celebration of freedom. And it is. But freedom was not the end of the journey. The harder …
A recent McKinsey report puts the stakes of the Great Ownership Transition in stark terms. By 2035, roughly 6 million small and medium-size …
Community Development Financial Institutions, or CDFIs, are entering a period of profound transition. For decades, these mission-driven lenders have expanded access to capital …
Much of the focus on the crisis in the Gulf and shipping disruptions through the Strait of Hormuz has been on the impact …
A growing chorus of stakeholders is calling for “broad-based ownership” of AI. But what does that mean in practice? And what would move …
The Bureau of Labor Statistics just reported that inflation hit 4.2% over the past 12 months, the highest in three years. Look inside the number and …
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