This week in impact investing: mobile ad platform Jana raises $57 million to expand free internet services; Social Finance launches a South Carolina social impact bond for mothers and children; a fund in the UK offers tax relief along with an expected 8 percent return; and more! Jana raises $57 million to expand free internet service.
Over the next two years, the first 30 to 40 companies will receive five-year loans of $25,000 to $30,000 at an annual interest rate of 18 percent, including both program fees and interest. Typical loan recipients are women-led or women-owned small- to medium-sized enterprises with annual sales of $100,000 to $250,000. The goal of the
As governments around the world look for more efficient ways to finance critical social services, the UK government is engaging the private sector to fund the arts, research into treatments for dementia, incubation of new social enterprises and other initiatives. ImpactAlpha recently spoke with Edward Evans, a senior policy advisor in the UK Cabinet Office’s
Dealflow is back with the deals big and small: A $20 million raise for African and Asian solar microgrid provider Powerhive; another financial services investment in Ghana for LeapFrog; and a social impact bond to tackle homelessness in Denver raises $8.6 million — to be repaid based on a reduction in jail time. Powerhive raises $20 million to
The Sustainable Ocean Fund plans a $50 million first close later this year, and ultimately intends to deploy $100 million across 10 to 15 investments in near-shore fishery investments in places like Belize, Bangladesh, and Madagascar. The fund manager, Althelia Ecosphere, last year raised nearly $120 million for its Althelia Climate Fund, which finances projects