A new fund manager in Texas has her eye on the growing demand for carbon credit projects that remove carbon from the atmosphere. Biochar, created through a process called pyrolysis that involves heating biomass and biowaste, is an emerging solution for trapping carbon. The biochar not only sequesters carbon, it can restore soil health and enable soil to store greater amounts of carbon.

Founder Heather Stiles and her firm Kemet make debt and equity investments in companies supporting biochar production and use, waste-to-energy projects, and carbon trading.

“The nascent biochar market lacks dominant players,” the company says.

Kemet is among the latest additions to ImpactAlpha’s Liist of impact fund managers with investment strategies for achieving positive social and environmental outcomes.

Other additions to The Liist:

Vox Capital is looking to deliver healthcare and financial services and improve agriculture for low-income customers and farmers in Brazil by scaling up impactful tech companies. Vox’s second Tech for Good Growth fund has raised $5 million toward a target of $40 million and plans to make eight to 10 equity investments.

As with all of Vox’s funds, the firm is pegging a portion of its carried interest, or cut of profits, to its achievement of designated impact metrics.

China-based investment firm Dao Foods invests in companies developing plant-based and sustainable alternatives to meat for the world’s biggest (aggregate) meat-consuming country. The firm, which has offices in Toronto and Beijing, is looking to raise $75 million for its second venture fund. It has already secured backing from more than half a dozen investors, including Twynam Ventures, Matrix Partners, Rich’s Foods and Unovis Asset Management.

Increasing income means Chinese households can afford to buy and consume more meat, “which, if left unaddressed, will lead to growing negative environmental, food safety and health impact,” says Dao Foods’ team. “Supporting talented entrepreneurs who are targeting the 400 million millennials in China with new, exciting and delicious plant-based proteins is a huge business opportunity with massive social impact.”