Dealflow
Latest impact investments and fundraises
Dealflow | April 26, 2024
The Week’s Dealflow: April 25, 2024
ImpactAlpha’s deal news coverage for the week: Agrifood investing. Netherlands-based B Corp. Mosa Meat inked €40 million to begin tastings for its lab-grown beef products… …
Financial Inclusion | April 25, 2024
Indian home lender Altum Credo’s $40 million round gives investors a partial exit
Pune, India-based Altum Credo provides mortgages for first-time homebuyers underserved by other financial institutions. Its digital underwriting and loan disbursement process offers five …
Latin America | April 25, 2024
IDB Lab backs small businesses in Paraguay and health access in Ecuador
The Inter-American Development Bank’s experimental venture funding group IDB Lab provided a $3 million anchor investment for iThink VC, an investment firm that …
Impact Tech | April 24, 2024
Next Billion raises capital to invest in digital infrastructure and services in Latin America, Asia and Africa
The investment firm Next Billion Capital Partners funds tech ventures supporting access to basic services in emerging markets. It reached a first close …
Inclusive Economy | April 24, 2024
Deal spotlight: Connect Humanity blends finance to bring broadband to remote communities
The lack of high-speed Internet service in rural and mountainous regions of the US exacts a socio-economic toll, limiting access to jobs, education, …
Dealflow | April 23, 2024
Upstart Co-Lab raises $15 million to invest in an inclusive creative economy
Upstart Co-Lab raised $15 million in a mix of mission and program-related investments and recoverable grants from 14 investors. Investors include the Andy …
Credit: Tangent
Inclusive Economy | April 23, 2024
Tangent secures early funding to democratize referrals for UK tech workers
Less than 10% of the UK’s tech talent comes from lower-income backgrounds compared to nearly 30% in finance and 23% in law. An …
Africa | April 22, 2024
IFC writes a $300 million check to Standard Bank for low-income housing and renewable energy in South Africa
South Africa is in the midst of a critical, years-long power crisis. The country also needs nearly four million new units of low-income …
Credit: Henry Ford Health System
Muni Impact | April 22, 2024
Michigan raises $53 million to green its healthcare services
Editor’s note: ImpactAlpha has partnered with HIP Investor to highlight upcoming bond issues with social and/or environmental significance. Disclaimer: Nothing in this post or on …
Photo by FINCA Ventures.
Dealflow | April 19, 2024
The Week’s Dealflow: April 19, 2024
ImpactAlpha’s deal news coverage for the week: Agrifood investing. Astarte Capital and Silvipar raised $325 million for sustainable forestry in Paraguay… Brazil’s goFlux …
Emerging and Growth Markets | April 19, 2024
Deal spotlight: African banks help Acre Impact Capital bridge gaps in infrastructure finance
It’s taken three years for Mauritius-based Acre Impact Capital to reach a first close for its first infrastructure finance fund. The firm is …
Ebb Carbon's first marine carbon removal project is underway at Sequim Bay in Washington (photo: Ebb carbon)
Catalytic Capital | April 18, 2024
Prime Coalition launches Trellis Climate to plug gaps for first-of-a-kind climate tech projects
Boston-based Prime Coalition has spent more than a decade identifying funding gaps for early stage climate tech and marshaling risk-tolerant capital to fill …
photo: MeduLance
Dealflow | April 18, 2024
Medulance scores $3 million to bring medical emergency response services to India’s smaller cities
Indian healthtech investor Alkemi Growth Capital led a $3 million Series A investment in Medulance, a company founded in 2017 to make emergency …
Credit: Quilt
Clean Energy | April 17, 2024
Quilt raises $33 million to launch its sleek heat pump
Heat pump sales in the US are expected to ramp up, as states implement generous financial incentives in the 2022 Inflation Reduction Act. …
Climate Finance | April 17, 2024
Astarte Capital and Silvipar raise $325 million for sustainable forestry in Paraguay
Paraguay is one of the poorest countries in South America. It also has one of the highest rates of tropical deforestation in the …
Credit: Dawa Mkononi
Investing in Health | April 16, 2024
SEAF provides impact-linked capital to Dawa Mkononi for pharmaceutical access in Tanzania
Impact investment firm SEAF (for Small Enterprise Assistance Funds) launched its Daraja Impact initiative with support from AlphaMundi Foundation and the Swiss Agency …
Climate Finance | April 16, 2024
Pula lands $20 million to offer livestock insurance to smallholder farmers
Insurance tech startup Pula launched in 2015 to provide crop insurance to small scale farmers, 80% of whom lack access to products that …
Photo by Fairview.
Return on Inclusion | April 15, 2024
New York Life acquires stake in minority-owned firm Fairview Capital
Fairview Capital, a minority-owned investment management firm that specializes in backing diverse and emerging managers in venture capital and private equity, has invested …
Photo by Unwritten.
Climate Finance | April 15, 2024
Unwritten snags $3.5 million for ‘transition risk intelligence’ software for investors
The impact of climate change on infrastructure, properties, agriculture and human health could cost the global economy some $3 trillion per year by …
Deploy! | April 12, 2024
Private sector sees opportunity in federal ‘green bank’ fund
The EPA’s $27 billion Greenhouse Gas Reduction Fund is intended to bring in at least seven times as much in private capital for …
Photo: MPI for Plasma Physics, Jan Michael Hosan.
Dealflow | April 12, 2024
The Week’s Dealflow: April 12, 2024
ImpactAlpha’s deal news coverage for the week: Agrifood tech. Demark’s Reduced raised $6 million to upcycle agricultural waste into new food products through …
Credit: SunCulture
Smallholder Agriculture | April 11, 2024
SunCulture raises $27.5 million to expand solar irrigation for smallholder farmers
Nairobi-based SunCulture has been making affordable irrigation systems for smallholder farmers in Africa since 2013. A decade ago, farmers had difficulty finding affordable …
Dealflow | April 10, 2024
Nexamp snags a half-billion for community solar expansion
The $520 million funding for Boston- and Chicago-based Nexamp comes amid growing demand for distributed renewable energy and tailwinds from federal climate funding. …
Financial Inclusion | April 10, 2024
Africa50 and Oikocredit lead $14 million round for Zeepay’s cross-border payments
Remittance inflows to Africa are expected to top $55 billion this year. But Africa is the most costly region in the world for …
Credit: Alterno
Climate and Clean Tech | April 9, 2024
Vietnam’s Alterno raises $1.5 million to store renewable energy in sand batteries
More than 80% of Vietnam’s power is generated from fossil fuels, mostly coal. The country’s coal dependence will affect Vietnam’s ability to trade …
Dealflow | April 9, 2024
Savills Investment Management secures £123 million for affordable housing in the UK
London-based Savills’ Simply Affordable Homes fund will invest in new and existing affordable and social housing, as well as in shared-ownership homes. The …
Credit: Quasar Expeditions
Latin America | April 8, 2024
Sustainable tourism in the Galapagos Islands gets a boost with Quasar Expeditions’ $14 million loan
Tourism, a key source of livelihoods in communities in the Galapagos, also poses a major threat to the ecosystem’s stunning biodiversity. Quasar Expeditions …
Photo by Paz Arando on Unsplash
Dealflow | April 5, 2024
The Week’s Dealflow: April 5, 2024
ImpactAlpha’s deal news coverage for the week: Agrifood investing. BioConsortia, a California-based company developing bacteria-based agricultural products to increase crop yields and improve …
Inclusive Economy | April 5, 2024
Addressing the small business financing gap with catalytic to commercial capital
Small businesses’ demand for financing is strong, and creative entrepreneurs and fund managers are working to increase the supply. This week saw deals …
Emerging and Growth Markets | April 5, 2024
African pension funds back Adenia Capital’s fifth impact private equity fund
Mauritius-based impact private equity firm Adenia Capital raised $470 million to invest in African businesses delivering essential goods and services. Adenia tracks an …
Emerging and Growth Markets | April 4, 2024
Aavsihakaar backs Midland Bank to boost ESG in Bangladesh’s textile industry
Textiles account for 20% of Bangladesh’s GDP and 80% of its exports. Poor working conditions, human rights abuses, and water and land pollution …
Financial Inclusion | April 3, 2024
Gawa Capital and OikoCredit invest in Sindhuja Microcredit for rural lending in India
Sindhuja Microcredit launched in 2018 in India’s mostly rural state of Uttar Pradesh to provide access to capital to traders, shopkeepers and farmers …
Agrifood Tech | April 3, 2024
Seso inks $26 million to address US farm labor shortages
Difficulty finding and hiring farm workers, particularly migrant workers, is hurting production on American farms. Seso, based in San Francisco and Monterrey, Mexico, …
Photo credit: Bolton Valley Resort, Vermont
The Liist | April 2, 2024
The Liist, April 2024: Fund managers deepen and broaden impact strategies for underserved communities
Overhauling systems designed for inequality and exclusion starts a few dollars at a time. On this month’s Liist of actively raising impact funds, …
Photo by Known.
Inclusive Economy | April 2, 2024
Known launches ‘founder-centric’ investment bank for middle-market companies
Known Holdings, a Black, Indigenous, Latina and Asian American-owned asset management firm, has launched Known Growth, an investment bank that will invest in …
Green Infrastructure | April 2, 2024
IRA-backed program commits $4 billion in tax credits for 100 green projects
The tax credits for more than 100 projects in 35 states are backed by the Qualifying Advanced Energy Project Credit (48C) program, which …
Dealflow | April 1, 2024
Uganda’s Credify raises early funding to address Africa’s trade finance gap
Small businesses that source products from overseas pay for the goods well before they sell them. In Africa, where small businesses already face …
Photo: Lightshift Energy
Dealflow | March 31, 2024
Greenbacker provides $100 million to battery storage developer Lightshift Energy
Batteries are key to unlocking value from intermittent renewable energy, such as wind and solar. Lightshift Energy’s standalone, utility-scale battery technology helps utilities …
Photo credit: Brooklyn Army Terminal
Dealflow | March 29, 2024
The Week’s Dealflow: March 29, 2024
ImpactAlpha’s deal news coverage for the week: Agrifood investing. Ireland-based MyGug raised €900,000 to convert food waste into renewable biogas as an alternative …
Dealflow | March 28, 2024
Capria Ventures backs fintechs in Nigeria and Bangladesh to expand financial services
Capria Ventures, a Seattle-based venture investor in emerging markets, continues to deploy capital from its Global South Fund II, which achieved a first …
Photo by InStride Health.
Investing in Health | March 28, 2024
InStride Health raises $30 million for pediatric mental health services
About one-third of young people will struggle with anxiety disorder or obsessive compulsive disorders by the age of 18. Boston-based InStride launched in …
Latin America | March 27, 2024
Mexico’s Savia Ventures backs Chilean alt-protein startup Done Properly (video)
Santiago-based biotech company Done Properly uses fermentation to produce healthy and sustainable food alternatives, including meat and additives. Mexico City-based climate tech VC …
Climate Finance | March 27, 2024
New Global Innovation Lab cohort dives into regional climate finance solutions
Climate Policy Initiative’s decade-old Global Innovation Lab for Climate Finance has mobilized $4 billion to urgent climate efforts in the Global South. To …
Climate and Clean Tech | March 26, 2024
Evari raises $7.5 million to build more efficient heat pumps
More than 100 million households globally use heat pumps, which are gaining popularity as a more sustainable alternative for heating and cooling. Most …
Credit: Nsave
Financial Inclusion | March 26, 2024
Nsave secures $4 million to democratize Swiss offshore accounts
Amer Baroudi from Syria and Abdallah AbuHashem from Gaza launched inclusive fintech venture Nsave to give people from countries with high inflation, political …