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, August 31 – Quito-based INSOTEC provides loans and credit to Ecuador’s micro-business owners and smallholder farmers. Its $58 million loan book serves roughly 18,000 borrowers. A $3 million investment from the Agri-Business Capital Fund, or ABC Fund, will aid farmers in the COVID recovery (see, “Emerging markets Agri-Business Capital Fund secures €50 million“).
ImpactAlpha, Aug. 18 – Entrepreneurs in Latin America are weathering the pandemic to create sales channels for small farmers, online education for students and clean, accessible energy for rural households. But early-stage companies in the region that are delivering essential social and environmental services to low-income communities are struggling to access the kind of capital, at
ImpactAlpha, June 9 – Brazil’s Tembici is riding the trend toward green, sustainable mobility in fast-growing emerging-market cities. The micro-mobility company raised its $47 million Series B round from Valor Capital, Redpoint eventures, Joá Investimentos and the International Finance Corp. to expand its shared electric bike services to new cities. “Sustainable means of transportation will
ImpactAlpha, June 2 – Debt investor Blue Like an Orange was founded by former World Bank officials to finance the U.N. Sustainable Development Goals (listen to the ImpactAlpha podcast interview, “Blue Like an Orange offers a report card for the Sustainable Development Goals“). It has raised $200 for its first Latin America fund, backed by