ImpactAlpha, September 23 – Ananas Anam, a woman-led enterprise in the Philippines, buys pineapple leaf waste from farmers and converts it into a textile called pinatex that can be used as a leather substitute. The company’s purchases of agricultural waste boost incomes for smallholder farmers. A loan from Beneficial Returns will enable the company to
ImpactAlpha, September 22 – Africa and Asia’s off-grid solar sector has been on an upmarket march in recent years, shifting away from individual households to small commercial or community solar users. But a new $90 million funding round for Greenlight Planet signals that investors are still committed to emerging markets’ first-time and low-income solar energy consumers.
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
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
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