Rockefeller and UBS Optimus test pay-for-success model for water purification

  • Social success note... UBS Optimus will loan $500,000 to Impact Water using a structure that reduces interest payments if Impact Water hits impact goals.
  • Bonus offer... Rockefeller, meanwhile, is offering an additional $200,000 to cover Impact Water’s loan interest and boost UBS’s returns if those targets are met.

Pula secures seed funds to offer small farmer insurance

OhmConnect raises $8.5 million to expand the “energy sharing” economy

  • 1,000 tons... OhmConnect says its 300,000 participants have prevented 1,000 tons of CO2 emissions and received $4 million in energy savings payments.
  • Series B... The company has raised $15 million since launching in 2014, including $8.5 million from its latest Series B round.

Hewlett Foundation aims to activate retail banks for climate action

  • Walking the talk… “Our new work seeks to persuade banks to adopt sustainable banking practices. That will include our own banks,” Hewlett’s president, Larry Kramer, told ImpactAlpha.
  • Hewlett’s commercial bank… JPMorgan Chase considers itself a leader on climate action.

Gray Matters Capital launches accelerator for Indian edtech startups

  • Success looks like… Selected companies should target a user base of 1 million with at least 50% women, and offer an affordable product.
  • Supporting growth… Participating companies will each get up to $35,000 to support mentorship in user engagement and mobile product strategy.