Beta Hatch raises $1.6 million for sustainable animal feed

Farming Finance Investors include agribusiness giant Wilbur-Ellis’s venture arm Cavallo Ventures, cleantech venture fund E8, and Seattle area angel investors PC: Seattletilth The Seattle-based startup’s seed round is backed by agribusiness giant Wilbur-Ellis’s venture arm Cavallo Ventures, cleantech venture fund E8, and Seattle area angel investors. Beta Hatch grows mealworms for animal feed. Wilbur-Ellis’ Mike

Temasek backs low-cost healthcare chain Clinica SIM in Brazil

Singapore’s $275 billion state-owned investment fund made an undisclosed equity investment in Clinica SIM, a chain of low-cost health clinics in northeastern Brazil, Brazil Journal reports (translated). The company started in 2007 and has built 15 clinics catering to the Northeast region’s low- and middle-income uninsured. (Across the country, 60% to 70% of Brazilians don’t

Pacific Life commits $30 million to Swell

The life insurance company last year helped launch Swell, an impact platform for everyday investors and retirement savings plans. The $30 million capital infusion is meant to help Swell grow its product line and attract more customers, currently numbering 3,000. The company manages $16 million in assets. Swell will use $15 million of the new funding to

Bush Foundation standing up social business seed fund

The St. Paul, Minnesota-based foundation with $950 million in assets is seeking proposals to set up and operate a new fund that invests in social businesses in Minnesota, North Dakota, South Dakota and the 23 Native nations in those areas. The goal: Establish Minneapolis-St. Paul as a destination to start and grow businesses seeking both social

Upsie raises $1.7 million for product-warranty app

Upsie is an app that allows customers to comparison shop for product warranties. The 2016 Village Capital Fintech and 2017 Techstars Retail participant raised the funds from Techstars Ventures, Matchstick Ventures, Gopher Angels, M25, Village Capital Investments and Syndicate Fund. VilCap’s Victoria Fram describes Upsie as “a solution to an often overlooked problem that affects

Too much of a good thing in Kenya?

A new report on “The State of Social Impact Investing in Kenya” suggests that a growing number of impact investors, many of them pursuing bigger deals, may be driving up valuations and distorting the market. The perception that social impact investors, in Kenya and elsewhere, may overpay for stakes in startups is not new. As Jonathan

Climate-risk disclosure and the “tragedy of the horizon”

The classic problem in environmental economics is the “tragedy of the commons.” Bank of England Governor Mark Carney called out a related tragedy in a speech to insurers in London in September 2015. “Climate change is the tragedy of the horizon,” said Carney, who also chairs the G20s Financial Stability Board. “We don’t need an