Nutreco takes stake in IoT company Eruvaka to boost sustainable seafood

  • The impact… The investment aligns with Nutreco’s sustainability initiative to achieve food, agriculture and ocean-related Sustainable Development Goals.
  • India’s innovation… “Global agribusiness majors are recognizing that they need to look at startups in India to find the next generation of technologies for small and medium farmers globally,” Omnivore’s Mark Kahn told the Economic Times.

Calvert Impact Capital invests $5 million in Palestinian housing finance

  • Three three-year loan... The money is going to Vitas Palestine, a 24-year-old microfinance institution that offers loans for small businesses and housing improvements for low-income Palestinians in the West Bank and Gaza.
  • Housing related... Sixty percent of Vitas Palestine’s lending activity addresses “major repairs after violent conflict” as well as more typical projects like general repairs or home expansion.
  

TPG puts $1 billion behind $1.9 billion Baidu fintech spinoff

  • Is this impact?… Lack of standardized credit scoring and reporting has limited access to credit and debt for low- and middle-income Chinese. Baidu is a part of the World Bank’s Universal Financial Access 2020 initiative.
  • TPG in Asia… The deal is the Rise Fund’s first China-based investment and the first for Chang Sun, the former Warburg Pincus executive who joined TPG as managing partner in China last year.

Bill Gates, Dell Foundation back Unitus Ventures’ second fund

  • First fund… Unitus Seed Fund closed its first $20 million in 2014. Unitus Ventures plans to increase its second fund’s average deal size from its first fund.
  • Coming back for more… Gates was an investor in the first fund, as were wealthy individuals, who collectively committed $7 million.