Goodwell raises €20 million feeder fund for African impact investing

Impact Tech The Dutch firm invests in young companies focusing on financial inclusion in Africa and India PC: Goodwell Investments The Dutch firm invests in young companies focusing on financial inclusion in Africa and India. The €20 million ($24.5 million) raised from private investors is the anchor investment for its €100 million uMunthu fund, launched last year

The California Model: Inclusivity and shared prosperity or exclusivity and inequality? (podcast)

Take a look toward the future, and often California is already there. But when it comes to innovation hubs as drivers of job creation and shared wealth, is California the model America’s second- and third-tier cities really want to follow? “You’re finding germs of California happening in lots of places,” says ImpactAlpha’s David Bank, a

Calvert Impact Capital secures $10 million for Community Housing Capital

Community Housing Capital is a Georgia-based lender for community development financial institutions working in affordable housing. CHC is partnering with Calvert Impact Capital to raise a $15 million credit facility to support affordable housing. Calvert has so far raised $10 million for the facility through its debt syndication business, which Calvert launched last year to

Impact investors rally £1.9 million for London cinema

Inclusive Economy “We see a real positive role that financially self-sustaining socially-minded arts organisations can play,” says Big Issue Invest’s James Salmon PC: hackneyartscentre Big Issue Invest, The Arts Impact Fund and Triodos Bank are allocating two-thirds of the funds needed to convert an old cinema in East London into a community theater and music venue. The

Quad Learning raises $4.8 million to help students get four-year degrees

The Washington, D.C.-based education venture helps two-year degree students transfer into four-year programs through its American Honors network of community colleges. Quad Learning’s Phil Bronner started the company in 2012 so students could pursue four-year degrees more affordably by starting in lower-cost community colleges. It has four community college partners in Pennsylvania, Texas, New York

New Zealand’s first domestic impact fund reaches first close

Inclusive Economy The Impact Enterprise Fund claims to be the first domestically-focused impact fund in New Zealand PC: New Ground Capital The Impact Enterprise Fund, a partnership between Ākina Foundation, New Ground Capital and Impact Ventures, has raised NZ$8 million ($5.8 million) to invest in local startups tackling issues in sustainable food production, agriculture, healthcare, clean energy,