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Endeavor Catalyst raises $134 million for global entrepreneurs
ImpactAlpha, September 17 – Global startup network and investor Endeavor launched its Catalyst initiative in 2012 to back high-impact startups and entrepreneurs designing products and services that fill large market gaps. It has invested in 150 startups in 30 markets, including Kenyan “Amazon” Copia, Mexican waste-to-fuel company Sistema.Bio and fast-growing financial services firms like Brazil’s
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Aligned closes $1 billion sustainability-linked credit to green data centers
ImpactAlpha, September 17 – Data centers are consuming huge amounts of electricity. Dallas-based Aligned uses energy-efficient cooling systems and has committed to 100% renewable energy for its facilities. A $1 billion credit facility to support Aligned’s sustainability goals, structured by ING Capital, will reward the company with a reduced interest rate if it hits impact
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Mexico issues $890 million Sustainable Development Goal bond
ImpactAlpha, Sept. 16 – Mexico has issued a $890 million Sustainable Development Goal bond. Proceeds from the seven-year bond will target vulnerable populations across Mexico, with a city-level focus, covering SDGs for hunger, health, education, work and infrastructure. The issuance is the first sovereign SDG bond, according to the U.N. United Nations Development Programme. “This
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Food startups NotCo and Climax Foods raise financing for plant-based alternatives
ImpactAlpha, September 16 – Chile-based NotCo uses machine learning and artificial intelligence to identify plant-based proteins as substitutes for animal-based food products. NotCo secured $85 million to expand its alt-meat and dairy product line to the U.S. The company raised $30 million last year for its line of plant-based mayonnaise and ice cream. Meanwhile, San
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Bridges Fund Management and AEA Investors to float $400 million ‘impact’ SPAC
ImpactAlpha, September 15 – Bridges Fund Management and AEA Investors filed to float a $400 public offering for AEA-Bridges Impact Corp., a “special purpose acquisition company,” or SPAC, that will hunt for mid-cap private companies to take public. New York-based AEA, with $15 billion in assets under management, will tap Bridges’ impact investing experience to
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Lumos clinches $35 million from DFC to expand energy access in Nigeria
ImpactAlpha, September 15 – Netherlands-based Lumos sells solar systems to West African businesses and households that lack reliable access to energy. Lumos sells 80-watt and 160-watt systems on a pay-as-you-go basis through partnerships with mobile operators like MTN. An investment from the U.S. International Development Finance Corp. aims to help Lumos produce and sell 160,000
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