Dealflow
Latest impact investments and fundraises
Dealflow | March 18, 2024
Westbound raises $100 million to back tech ventures built by, for or with underrepresented people of color
Westbound Equity Partners launched in 2019 as Concrete Rose Capital to close the racial wealth gap by providing financial and social resources to …
Climate Finance | March 18, 2024
HeavyFinance raises €20 million to help farmers regenerate Europe’s agriculture
HeavyFinance offers credit to help farmers and small agri-businesses adopt regenerative practices to improve soil health and sequester carbon. The Lithuania-based crowdfunding platform, …
Deploy! | March 15, 2024
Tribal community gets Energy Department loan guarantee for solar + storage
The future of energy access runs through locally-led and inclusive businesses. Indigenous-owned renewable energy developers in the US are getting their first cut …
Dealflow | March 15, 2024
The Week’s Dealflow: March 15, 2024
ImpactAlpha’s deal news coverage for the week: Agrifood investing. KAS snagged $3 million for low-cost production of aquaculture ingredient. Basic services. TowerCo of …
Agrifood Tech | March 14, 2024
KAS snags $3 million for low-cost production of aquaculture ingredient
Astaxanthin is used in aquaculture feed to enhance the health and pigmentation of farmed fish and shrimp. Synthetic astaxanthin is cheaper than natural …
Climate Finance | March 14, 2024
Green Climate Fund invests in India’s climate resilience via the Avaana Sustainability Fund
The Small Industries Development Bank of India is the main financing body for tens of millions of India’s small businesses. The bank manages …
Dealflow | March 13, 2024
IBM commits $45 million for AI-powered climate resilience solutions
Startup accelerators backing early-stage AI-driven solutions geared towards making cities safer, more resilient and sustainable aren’t new (see, “Urban-X aims to accelerate startups …
Africa | March 13, 2024
IFC extends $20 million to Burundi bank to bolster small business lending
The International Finance Corp. and a group of institutional investors have extended a $20 million loan to Banque de Crédit de Bujumbura to …
Financial Inclusion | March 13, 2024
IFC extends $20 million to Burundian bank to bolster small business lending
The International Finance Corp. and a group of institutional investors have extended a $20 million loan to Banque de Crédit de Bujumbura to …
Latin America | March 12, 2024
Potencia Ventures backs Trampay to bank gig economy workers in Brazil (video)
On-demand delivery of food, packages and other products provides much-need income for millions of workers in Brazil. For such gig workers, schedules and …
Frontier and Growth Markets | March 12, 2024
XSML raises nearly $100 million to invest in African small and mid-sized businesses
Amsterdam-based XSML invests in growing African businesses providing basic consumer goods and services in less-invested markets like Uganda and the Democratic Republic of …
Investing in Health | March 11, 2024
Pharma company Eisai backs South African health tech venture RecoMed
Japanese pharmaceutical company Eisai launched subsidiaries in South Africa and Kenya in 2022 to supply drugs for cancer, dementia and other non-communicable diseases. …
Corporate Impact | March 11, 2024
Blue Earth Capital inks sustainability-linked loan for Asia’s garment sector
ImpactAlpha, March 11 – Asia’s garment sector, which feeds global fast-fashion demand, is notorious for human rights and environmental abuses. Q Collection is …
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 …
Smallholder Agriculture | March 7, 2024
Warc raises $7.5 million for regenerative agriculture in West Africa (video)
ImpactAlpha, March 7 — Argentinian entrepreneur Emiliano Mroue founded Ghana-based Warc over a decade ago. The social enterprise serves roughly 20,000 smallholder farmers …
Climate Finance | March 6, 2024
Carbon Equity raises €100 million for a climate tech fund of funds
ImpactAlpha, March 6 — Amsterdam-based Carbon Equity launched in 2021 to provide access to venture capital and private equity impact investment funds for …
Financial Inclusion | March 6, 2024
Wagely inks $23 million to help Asia’s workers with cash stability and financial health
ImpactAlpha, March 6 – Indonesia and Bangladesh have nearly 200 million wage workers. Unexpected expenses force many to resort to expensive payday loans. …
Dealflow | March 5, 2024
Stepful scores $12 million to upskill workers for entry-level healthcare jobs
ImpactAlpha, March 5 — Detroit-based Stepful has provided on-line and in-person training for medical assistant, pharmacy, ultrasound technician, and other healthcare jobs. More …
Dealflow | March 5, 2024
Adenia Capital acquires South Africa last-mile delivery platform The Courier Guy
ImpactAlpha, March 5 — E-commerce in South Africa is growing at an annual rate of 15%. The Courier Guy, through its network of …
Climate and Clean Tech | March 4, 2024
LanzaJet secures $30 million from Southwest Airlines for sustainable aviation fuel
ImpactAlpha, March 4 — LanzaJet is a subsidiary of Chicago-based LanzaTech, which uses microbes to convert industrial carbon emissions into sustainable fuel and …
Clean Energy | March 4, 2024
Fervo Energy gets $244 million to meet demand for clean energy with geothermal
Impactalpha, March 4 — The techniques used for oil fracking also can be used to harness geothermal energy, a steadier, more consistent source …
Climate Finance | February 29, 2024
Blue Earth Capital takes stake in Nepra to expand waste recycling in India
ImpactAlpha, February 29 — Gujarat-based Nepra Resource Management deploys nearly 2,000 pickers to deliver dry waste to five waste recycling facilities. “Responsible waste …
Return on Inclusion | February 29, 2024
Sorenson Impact backs Redemption’s purchase of Holladay Bank to create a new Black-owned bank
ImpactAlpha, February 29 — The Rev. Dr. Martin Luther King Jr., impact investor. In King’s last public address before he was assassinated, he …
Dealflow | February 28, 2024
Kachuwa Impact Fund scores $3.2 million to bring cooperatives to impact investing
ImpactAlpha, February 28 — Blake Jones, a “cooperative geek,” launched Kachuwa Impact Fund to bring the principles of cooperative ownership and governance to …
Catalytic Capital | February 28, 2024
Prime Coalition’s Trellis Climate backs Ample Carbon and Ebb Carbon
ImpactAlpha, February 28 — Trellis Climate, formerly Early Climate Infrastructure, was born last year when Actuate Climate, a nonprofit climate tech research and …
Europe | February 27, 2024
Verdane raises €1.1 billion for sustainable European businesses
ImpactAlpha, February 26 — Verdane, a Norwegian private equity investor, targets tech-enabled businesses that can pass its “2040 test” – a screen to …
Dealflow | February 27, 2024
South Africa’s Hohm Energy nets $8 million to meet demand for solar power
ImpactAlpha, Feb. 27 – South Africans have endured years of rolling blackouts as the country’s aging coal plants falter. The outages have shaved …
Latin America | February 26, 2024
Blue like an Orange provides $18 million in financing to Mexican lender Fuentebuena
ImpactAlpha, February 26 — Monterrey-based Fuentebuena works with more than 150 municipalities in Mexico to provide payroll loans to unbanked and underbanked city …
Muni Impact | February 24, 2024
Maine rolls out $5 million in green bond series for resilient and sustainable buildings
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 …
Impact Tech | February 23, 2024
‘Deep tech’ impact investing in India
ImpactAlpha, February 23 – India is emerging as a hub for high-value, deep science tech startups working on breakthrough solutions to climate change, …
Climate and Clean Tech | February 21, 2024
Eli snags $6.8 million to help consumers electrify their homes
ImpactAlpha, February 22 – Sales of heat pumps have outpaced gas furnaces in the US for the second year in a row. But …
Dealflow | February 21, 2024
Overture raises $60 million debut fund to help climate tech founders tap into government support
ImpactAlpha, June 22 – In the crowded climate tech investing space, it helps to be a specialist. Overture VC, an early stage venture …
Dealflow | February 21, 2024
AtmosZero raises $21 million for zero-carbon industrial boilers
ImpactAlpha, February 21 — Coal- and gas-fired boilers have generated steam power and heat for buildings and industrial processes since the Industrial Revolution. …
Clean Energy | February 20, 2024
D.light closes $7.4 million solar securitization deal in Nigeria
ImpactAlpha, February 21 – Securitized financing enables d.light to move loans to solar customers off of its balance sheet, freeing its capital to …
Dealflow | February 20, 2024
Kairos Aerospace scores $52 million to help oil and gas companies reduce methane leaks
ImpactAlpha, February 20 — Restricting leaks of methane, a greenhouse 80 times more potent than CO2, was a key focus at the COP28 …
Gender Smart | February 20, 2024
WIC Capital invests in a local snack food company in Senegal
ImpactAlpha, February 20 – Most African markets are heavily dependent on imported food products, despite the fact that most Africans depend on agriculture …
Catalytic Capital | February 16, 2024
Deal spotlight: Building an impact secondaries market
ImpactAlpha, February 16 – Local fund managers in Africa and elsewhere are often best positioned to deploy capital where it’s needed in their …
Dealflow | February 15, 2024
Hippo Harvest scores $21 million for greenhouse-grown produce
ImpactAlpha, February 15 — San Francisco-based Hippo Harvest is still standing after the shakeout of other controlled-environment produce producers. The company’s leafy greens …
Climate and Clean Tech | February 15, 2024
Lilac Solutions raises $145 million for green lithium production
ImpactAlpha, February 15 – Lithium prices have fallen steeply as US electric-vehicle adoption has wobbled. But green, efficient and economical lithium extraction to …
Climate and Clean Tech | February 14, 2024
Catalyst Fund seeds nine African climate tech startups
ImpactAlpha, February 14 – The impact tech fund of BFA Global invested $1.8 million in companies that “directly empower farmers, healthcare providers, waste …
Return on Inclusion | February 14, 2024
Beta Boom scores $14.5 million to back ‘under-the-radar’ founders
ImpactAlpha, February 14 — Since 2018, Beta Boom has backed two-dozen founders developing software solutions for critical issues underserved communities face. The majority …
Climate and Clean Tech | February 13, 2024
India’s growing appetite for electric vehicles
ImpactAlpha, February 13 – The US is sending mixed signals about consumer EV adoption. In India, where most vehicle sales are two- and …
Catalytic Capital | February 13, 2024
British International Investment sells stakes to seed impact secondaries market
ImpactAlpha, February 13 – The how-tos of exiting impact investments are always a hot topic of conversation among emerging market investors. IPOs are …
Financial Inclusion | February 12, 2024
First Circle backs Egypt’s Balad for cross-border payments
ImpactAlpha, February 12 – Egyptians living abroad send more than $30 billion a year to friends and family back home. Most of the …
Frontier and Growth Markets | February 12, 2024
IDB Invest directs $100 million to modernize Jamaica’s electricity grid
ImpactAlpha, February 12 – Jamaica’s energy utility Jamaica Public Service Co. has been working in recent years to improve the reliability of the …