A growing sense of urgency about the marine plastics crisis will likely expand opportunities for established companies and startups alike that have been working to find solutions to the problem.
- Horizons Ventures led Saildrone's Series B round and was joined by Capricorn's Technology Impact Fund, Lux Capital, Social Capital, and the Schmidt Family Foundation.
- Atlanta-based Rubicon connects trash collectors to cities and businesses looking for garbage and recycling services.
- Product specs… Nortenergy makes its greenhouses from recycled plastic salmon pipe and polycarbonate.
- Growth for a tiny business… The funding will allow it to add several full-time employees and double its turnover.
- Social success note... UBS Optimus will loan $500,000 to Impact Water using a structure that reduces interest payments if Impact Water hits impact goals.
- Bonus offer... Rockefeller, meanwhile, is offering an additional $200,000 to cover Impact Water’s loan interest and boost UBS’s returns if those targets are met.
- 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.
- The C$10 million (US$8 million) round… was backed by sustainable aquaculture fund Aqua-Spark, Obvious Ventures and Real Ventures. Real Ventures previously led XpertSea’s C$1.25 million seed round in 2015.