Two Gates Foundation alumni have raised $200 million for a biotech and health venture fund. Biomatics Capital, based in Seattle, will invest $5 million to $10 million in companies focused on the cutting edge of genomics and data-driven health care. The principals are Boris Nikolic, the former chief science adviser to Bill Gates, and Julie Sunderland, who
Data.world has raised $18.7 million to build a data platform for social challenges. Data.world is aiming to advance the data philanthropy movement by helping public and private companies share data for the common good. Insurance businessman and philanthropist Pat Ryan led the Series B funding for the two-year-old Austin, Tex., company. Chicago Ventures and Shasta Ventures
Venture funds like Omidyar Network, Singapore-based Red Dot Ventures, and Thailand-based Digital Ventures are rallying behind Myanmar’s first tech accelerator. The investors attended Phandeeyar’s recent demo day for its first cohort of startups. That was a milestone for unlocking startup capital in the once-isolated country formerly known as Burma, according to Phandeeyar’s Jes Kaliebe Petersen.
Greensleeves Care has raised a $41 million Retail Charity Bond to care for England’s elderly. Greensleeves Care supports nearly 800 residents in 20 residential, dementia and nursing homes across England. The London-based charity raised the funds in less than a week through Allia, which helps charitable organizations raise unsecured debt through retail bonds listed on London
Taking the president’s “America First” budget as an expression of Trump’s priorities, it seems poor urban and rural communities don’t rank very high. The President’s budget calls for all but eliminating the Treasury Department’s Community Development Financial Institutions Fund, which makes loans to local banks and other institutions that invest in low-income communities (see, “#CDFIsInvest in
Climate Finance When Elon Musk promised to deliver 100-megawatts of battery power-storage in 100 days to South Australia — via Twitter — he disclosed for the first time Tesla’s pricing for its battery packs: $250 per kilowatt hour when deployed on a large scale (see, “Elon Musk may be on the hook for battery power in Australia”). At that