ImpactUs marketplace suspends operations

The online impact broker-dealer, which launched last year with backing from the Ford, Kellogg and MacArthur foundations and others, went offline just before the new year. “Unfortunately, we have had to make the difficult decision to cease operations,” said a notice on the ImpactUs website. The platform had offered investment in about a dozen ventures and community

Tata Trusts’ incubator gets $4.7 million for energy-startup lab

The objective of the Foundation for Innovation and Social Entrepreneurship objective is to back high-risk startups that “no other investor will normally touch with a barge pole,” says founder Manoj Kumar. Funding for FISE’s Tata Smart Energy Incubation Center comes from Ratan Tata, former chairman of the Tata group of companies. It is the first of

Bezos donates $33 million to DACA scholarship fund

The Amazon CEO and his wife MacKenzie committed the funds to TheDream. US, a scholarship program for undocumented immigrants in the Deferred Action for Childhood Arrival (DACA) program. Undocumented immigrants are ineligible for federal student aid. Bezos’ contribution will pay for college for 1,000 “Dreamers.”

CBA Capital invests in three Indian edtech ventures

The Bangalore-based investment firm is backing Simulanis, Kopykitab and Buddy4Study with $2.4 million. Its Education Catalyst Fund invests in edtech startups serving low-income Indian households, Inc24 reports. Simulanis provides corporate training programs via virtual reality. Kopykitab creates digital textbooks. Buddy4Study helps students apply online for scholarships. Dell Foundation, Gray Matters Capital and private Indian investors are

Diligent Robotics snags $2.1 million for hospital bot

Impact Tech Seed funding came from True Ventures, Pathbreaker Ventures and others PC: kxan.com States face significant shortages of skilled nurses. Austin-based Diligent is building robots to handle menial hospital tasks and “help nurses make full use of their specialized skills,” says Diligent Robotics’s Andrea Thomaz. A pilot project will focus on acute care patients. Seed funding came

ParentPowered raises $2.7 million for parenting app

The company’s Ready4K app sends texts with learning tips to parents of young kids. The Belmont, Calif. company aims to create “an on-demand library for parenting tips,” EdSurge reports, and to expand fee-based services for institutions. Omidyar Network led the funding, which included the Richard E. and Nancy P. Marriott Foundation and Heising-Simons Foundation.

Exits, with impact

A new report from the Global Impact Investing Network offers guidance for those who want to make sure their investments keep having an impact after they cash out. https://medium.com/media/4e2af221c5823d1a8ee198d1c19ec5bf/href Based on a survey of 33 investors, advisors, and social enterprises covering the lifetime of their investments, GIIN provides some answers for impact investors: Pre-investment: Look for