It’s game-on for financial engineers seeking to mobilize capital to advance the Sustainable Development Goals and the global climate agreement. The latest cases-in-point are the nine instruments selected by the Climate Finance Lab, a private-public partnership that has already launched 25 financial vehicles that have mobilized $978 million, including $228 million from Lab members themselves.
Philadelphia-based Opportunity Finance Network awarded $5 million to five community development financial institutions for experiments with new financial products and models in underserved communities. The winners include: Reinvestment Fund, which will commit the $500,000 award to its pay-for-success fund; Minneapolis-based Metropolitan Economic Development Association, which will develop a “patient equity” product for early stage minority
The Toronto-based developer builds utility-scale solar installations and transmission lines in energy-underserved areas around the world. The company recently expanded into Asia and in the wind sector with plans to build a 50-megawatt wind farm in Pakistan. The funding from FMO, the Dutch development bank, is an equity investment in JCM and will be used for
The startup, based in Thane, Maharashtra, has built mobile-based marketplace for farmers and traders to sell agricultural products. The app includes a feature that scans and assesses product quality with a smartphone camera. “Globally there is a need to understand the quality of food that we eat,” says Ritu Verma of Ankur Capital. “Objectively determining
The Austin-based startup partners with municipalities to scan waste for hazardous household chemicals, like bleach and solvents, and then finds buyers to use the chemicals for other uses. Smarter Sorting’s partners, like Austin, Tex., would otherwise pay to have the chemicals incinerated. Smarter Sorting, which operates as Waste Repurposing International, raised $5 million toward an $8
Greetings, ImpactAlpha readers! #Featured: New Revivalists Brian Dixon: The 34-year-old African-American VC turning inclusion into a competitive advantage. Call it the new face of venture capital. Kapor Capital is quietly building one of the youngest, most talented and most diverse teams of venture capitalists in the industry. That team includes Brian Dixon, who at 34,
Capital for seed-stage ventures and other small and growing businesses in emerging markets — the dreaded ‘missing middle’ — has been hard to come by. To tackle that challenge, Capria Ventures began in 2015 training and investing in a network of first-time fund managers in Latin America, Africa and Asia. Now, Capria says its network of 11 fund managers is