Apply a racial lens, and other lessons from Living Cities’ impact investments

  • Investing in economic security... Living Cities has deployed $57 million into 33 transactions from two structured debt funds to drive outcomes for low-income people in America.
  • In a new series with ImpactAlpha... Living Cities will explore how foundations and financial institutions can deploy capital to better create jobs, income and wealth in America’s cities.
  • First up... the biggest lessons from Living Cities’ 10 years of impact investing.

Tala raises $65 million for alternative credit scoring and mobile lending

  • Growth capital... The $65 million Series C round was backed by Revolution Growth — the growth-capital fund of Steve Case’s Revolution Ventures — along with IVP, Data Collective, Lowercase Capital, Ribbit Capital and Female Founders Fund. The company has raised $105 million in total to date.
  • New markets... Tala will expand to Mexico and India.
 

OhmConnect raises $8.5 million to expand the “energy sharing” economy

  • 1,000 tons... OhmConnect says its 300,000 participants have prevented 1,000 tons of CO2 emissions and received $4 million in energy savings payments.
  • Series B... The company has raised $15 million since launching in 2014, including $8.5 million from its latest Series B round.

Hewlett Foundation aims to activate retail banks for climate action

  • Walking the talk… “Our new work seeks to persuade banks to adopt sustainable banking practices. That will include our own banks,” Hewlett’s president, Larry Kramer, told ImpactAlpha.
  • Hewlett’s commercial bank… JPMorgan Chase considers itself a leader on climate action.

Wunder Capital raises $112 million to scale US commercial solar financing

  • Debt and equity… Wunder’s $11 million Series B equity financing was led by Cyrus Capital Partners, and included Techstars Ventures. Cyrus also provided $100 million in debt to Wunder.
  • US solar finance... Mosaic, a California-based solar financing company that provides residential rooftop solar installations via companies selling home solar products, raised $220 million in 2016.