Innovative Finance
Photo by Sky Blue Builders.
Ownership Economy | April 8, 2024
With ELBOs and EOTs, more business owners are exiting to employee ownership
Conversions to worker ownership can be complex for retiring business owners. They may be looking first to keep their enterprise going and second …
Latin America | March 8, 2024
Atta impact-first venture fund targets “missing middle” social enterprise in Mesoamerica region
ImpactAlpha, March 8 — New funds are emerging out of Latin America and the Caribbean as the region’s impact ecosystem comes together and …
Investing in Health | November 9, 2023
How innovative finance can lower costs and boost demand for digital health solutions in the Global South
Although global efforts had been underway to improve digital health solutions at scale, it was the COVID19 pandemic that brought the necessity of …
Dealflow | November 8, 2023
Candide’s Afterglow Climate Justice Fund secures $36 million to lend in frontline communities
ImpactAlpha, November 8 — Low-income communities that often bear the brunt of climate change also hold the key to many climate solutions. Candide …
Social Finance's Kirstin Hill and Tracy Palandjian.
Dealflow | November 7, 2023
Social Finance taps donor-advised funds for impact-first investments
ImpactAlpha, November 7 — Boston-based nonprofit Social Finance is launching a fund to attract some of the big pools of capital locked up …
The former St. Jax Anglican congregation in Montreal
Innovative Finance | October 18, 2023
Surplus church properties in Canada get new life as community hubs and affordable housing (video)
Church steeples dot the skyline in cities and towns across North America. But with many congregations shrinking, aging and quietly going broke, many …
Pro Mujer CEO Carmen Correa with a client | Photo credit: Pro Mujer
Gender Smart | August 21, 2023
With gender bonds, Pro Mujer puts Argentina’s capital markets to work for female entrepreneurs
ImpactAlpha, Aug. 21 – The amounts are small, but the implications could be profound. When micro lender Pro Mujer earlier this year distributed …
Photo by Wecyclers.
Catalytic Capital | July 24, 2023
BII anchors SDG Outcomes Fund with $10 million for development impact bonds
ImpactAlpha, July 24 — SDG Outcomes Fund is seeking $100 million to provide upfront capital for approximately 15 to 20 “development impact bonds” …
Green Infrastructure | July 17, 2023
Managers vie for the mandate to stand up a national “green bank”
ImpactAlpha, July 17 — Green banks, credit unions, community development financial institutions, or CDFIs, and other nonprofit lenders are scrambling for the mandate …
Impact Voices | May 17, 2023
Why don’t more impact fund managers tie compensation to impact? Let’s find out.
Impact investing has now reached more than $1 trillion in assets under management. With this growth, concerns over “impact washing” have also grown. …
Photo credit: Novulis
Investing in Health | May 8, 2023
How impact incentives brought a dental care startup back to its roots in rural Ecuador
ImpactAlpha, May 8 – Dental care is often an afterthought in global health. But as anyone who’s had a toothache knows, it can …
Photo by BlueOrchard.
Catalytic Capital | April 24, 2023
BlueOrchard’s Green Earth Impact Fund secures $25 million from Luxembourg’s ministry of finance
ImpactAlpha, April 24 – Luxembourg’s ministry of finance has committed $25 million to BlueOrchard Finance’s Green Earth Impact Fund, which seeks to raise …
Innovative Finance | March 29, 2023
Using social bonds to address gender and racial inequities (podcast)
Corporate, nonprofit and municipal issuers are designating bond proceeds to support organizations that increase access to finance for women and people of color. …
Catalytic Capital | February 22, 2023
Opportunity International raises $101 million to catalyze loans to boost livelihoods in low-income countries
ImpactAlpha, February 22 — Chicago-based nonprofit lender Opportunity International has raised $101 million in philanthropic capital from backers including the Bill & Melinda …
Climate Finance | January 23, 2023
Variations on a theme: Securitizing fees and taxes to finance climate adaptation
Ghana securitized an education tax to improve access to education and a petrol tax to pay off legacy debts in the banking sector. …
Photo by African Guarantee Fund.
Catalytic Capital | December 8, 2022
British International Investment provides $75 million guarantee for small business lending in Africa
ImpactAlpha, December 8 — British International Investment is investing $75 million in Nairobi-based African Guarantee Fund to guarantee loans from partner financial institutions …
Return on Inclusion | November 30, 2022
Through ‘ownership trusts,’ investors can help employees become owners and owners retire
ImpactAlpha, Nov. 30 – Patagonia founder Yvon Chouinard’s unusual succession plan made waves with its massive commitment of the family-owned company’s future profits …
SMEs in a learning workshop at Ashesi University in Ghana | Photo by C3.
Catalytic Capital | November 23, 2022
C3 provides catalytic capital to accelerate the deployment of… catalytic capital
ImpactAlpha, November 23 — The Catalytic Capital Consortium, or C3, has awarded nearly $1.4 million in grants to Village Capital, Pacific Community Ventures, …
Photo credit: Ocean Risk and Resilience Action Alliance
Impact Voices | November 10, 2022
A future-focused agenda for COP27
The United Nations Framework Convention on Climate Change Conference of Parties (COP27) that began a few days ago will allow the world to …
Muni Impact | November 9, 2022
The ‘Black Tax’ plagues small municipalities. Can bond banks help?
ImpactAlpha, Nov. 9 – An old idea is finding new life in the municipal bond market, where a stubborn complacency with conventional ways of …
photo: Phenix Capital
Climate Finance | October 18, 2022
Rockefeller Foundation’s new climate strategy: A Q&A with Thomas Belazis
ImpactAlpha, Oct. 18 – In late July, The Rockefeller Foundation announced a major shift: it would make climate central to everything it does. …
Catalytic Capital | October 18, 2022
Foundations leverage their balance sheets to expand the impact investing toolkit
ImpactAlpha, Oct. 18 – Faced with 2020’s cascade of crises, a group of foundations mobilized $3 billion from capital markets for community relief and …
Innovative Finance | August 30, 2022
Rockefeller Foundation taps satellites and AI to guide green infrastructure in Africa
ImpactAlpha, August 30 – The Rockefeller Foundation is backing a digital platform to aid policymakers in understanding how and where resilient infrastructure could mitigate …
Impact Voices | July 26, 2022
How NGOs are blending capital to amplify their impact
The typical employee within a non-governmental organization doesn’t talk a lot to commercial banks, pension funds and insurance companies. But like everyone else, …
Photo by ESG Enterprise.
Climate Finance | June 13, 2022
Fashion Climate Fund secures $40 million to decarbonize the apparel supply chain
ImpactAlpha, June 13 — The global apparel and footwear industry is responsible for 2.1 billion tons of carbon emissions, equivalent to the emissions …
Dealflow | June 6, 2022
Apis & Heritage helps businesses in Denver and El Paso become employee-owned
ImpactAlpha, June 6 – Apis & Heritage last year launched a buyout fund to help small and mid-sized businesses with large Black and Brown …
Photo credit: MacArthur Foundation.
Catalytic Capital | May 26, 2022
Catalytic Capital Consortium goes global with support for flexible, risk tolerant investments
ImpactAlpha, May 26 — The Catalytic Capital Consortium, or C3, formed by the MacArthur and Rockefeller foundations and Omidyar Network, aims to expand …
Climate Finance | May 25, 2022
a16z leads Flowcarbon’s $70 million round to improve voluntary carbon market transparency
ImpactAlpha, May 25 – Carbon + crypto is a hot combination. Look at the boldface names behind Flowcarbon, a startup that tokenizes certified carbon …
Photo credit: MEbA
Features | May 16, 2022
YAPU is giving microfinance a digital upgrade with a climate twist
ImpactAlpha, May 16 – Beekeeping in Colombia. Greenhouses in Peru. Biogas stoves in Benin. Small upgrades can increase resilience to climate change for the …
Impact Investing | May 13, 2022
Call No. 42: Business financing beyond venture capital to fuel the boom in entrepreneurship (video)
ImpactAlpha, May 13 – One defining outcome of the pandemic: a boom in entrepreneurship. A record five million businesses were started in the …
Image credit: Jacaranda Health
Investing in Health | April 5, 2022
Why Kenyan nonprofit Jacaranda Health spun out its hospital as a social venture
Editor’s note: This article is sponsored by Johnson & Johnson Impact Ventures, which supports ImpactAlpha’s Investing in Health coverage. In partnership with J&J Impact Ventures, ImpactAlpha is exploring the …
Emerging and Growth Markets | April 1, 2022
Call No. 40: How impact investors embrace political risk to keep progress flowing (video)
ImpactAlpha, Apr. 1 – High-impact investments in fragile countries invariably entail political risk. And impact investments in a free press, humanitarian tech, financial inclusion …
Photo credit: BFNP.
Innovative Finance | March 29, 2022
World Bank raises $150 million ‘Rhino Bond’ for conservation in South Africa
ImpactAlpha, March 29 — Proceeds from the five-year bond will support conservation projects to increase the population of endangered black rhinos. Investors will …
Catalytic Capital | March 24, 2022
Risk-averse development finance institutions are more often catalyzed than catalytic
ImpactAlpha, Mar. 24 – Work the room at any global development or impact investing conference and you’ll hear grumblings about how development financial institutions …
Photo credit: Clinicas del Azucar
Impact Voices | March 23, 2022
How incentives can successfully steer capital toward impact
ImpactAlpha, March 23 – Our economic system needs a reset. What drives it at the core are flows of money. Therefore, changing the …
Womevest team | Photo credit: Womvest
Gender Smart | March 10, 2022
Womvest and Secha Capital pilot gender-based debt fund for South Africa’s small businesses
ImpactAlpha, March 10 – South Africa-based Womvest launched last year to connect women entrepreneurs and investors for mutual support. The network of more …
Athens, Georgia
Community Finance | March 3, 2022
Social bonds direct proceeds to racial equity as the “S” gains prominence in ESG
When it comes to environmental, social, and governance (ESG) practices, the “S” has long been viewed as the more complicated piece of the …
Inclusive Economy | February 28, 2022
Social Finance will deploy $100 million from Google to upskill tech workers
ImpactAlpha, February 28 – Boston-based Social Finance has pioneered student-friendly “career impact bonds,” a form of income-sharing agreement, to reduce the risks to …
NurPhoto via Getty Images.
Catalytic Capital | February 16, 2022
Climate adaptation gets a fund of its own to invest in data, analytics and resilience
ImpactAlpha, February 16 — Investments to help businesses and communities adapt to climate change have long taken a back seat to financing to …
Electrospit product assembly | Photo credit: Electrospit
The Reconstruction | February 15, 2022
‘Impact notes’ help entrepreneurs recoup equity by creating good jobs and community wealth
ImpactAlpha, Feb. 15 – You may have heard of SAFE notes, “simple agreements for future equity” that reward startup investors with discounts on future …
Emerging and Growth Markets | February 14, 2022
Brazil’s Velvet raises $200 million to give early emerging market venture investors an exit
ImpactAlpha, February 14 – Exits are a persistent and nagging question in the relatively young field of impact investing. Brazil’s Velvet wants to …
Photo credit: Todd Johnson.
Innovative Finance | February 8, 2022
Pay-for-success funds raise $7.8 million for seven nonprofits in San Francisco and Colorado
ImpactAlpha, February 8 — The Bay Area Donor Impact Fund and the Colorado Donor Impact Fund, backed by donations from 35 philanthropic organizations, …
Climate Finance | February 2, 2022
Moss.Earth raises $10 million to put carbon credits on blockchain
ImpactAlpha, February 2 – A raft of startups are merging the hot, if volatile, worlds of crypto and climate finance to bring transparency …
Photo by Flickr.
Climate + Gender | January 31, 2022
Impact Investment Exchange lists $30 million Women’s Livelihood Bond on the Singapore Exchange
ImpactAlpha, January 31 — Singapore-based Impact Investment Exchange has listed WLB4Climate on the Singapore Exchange. Proceeds from the $30 million bond will be …
Photo credit: Gogoro.
Smart Cities | January 19, 2022
Engine No. 1 backs Taiwanese electric scooter maker Gogoro
ImpactAlpha, January 19 – Taipei-based Gogoro builds zero-emission and electric smartscooters with swappable batteries. It recently brought its battery swapping stations to mainland …