Developing World Markets invests in 11 enterprises to fight energy poverty

Climate Finance Developing World Markets has invested in 11 enterprises to fight energy poverty. The impact investing fund is backing 11 ventures through its $61 million Off-Grid, Renewable and Climate Action Impact, or ORCA note. Developing World Markets de-risked the four-year, 5.85 percent note by pre-approving the loans before approaching investors. The enterprises include off-grid energy companies

Red Bull to expand enterprise accelerator to U.S.

Red Bull is expanding its social enterprise accelerator to the U.S. The company, best known for its energy drinks, launched its first program in South Africa in 2014, expanded to Brazil, and now has supported more than 100 social entrepreneurs through its Amaphiko Academy. The academy this year will run its first program in the U.S., in

Lux Capital backs “impact inventors” with $400 million fund

Lux Capital has launched a $400 million fund to back “impact inventors.” The fund makes early-stage investments in science and technology startups that are “inventing the future without destroying humanity.” Ventures already in Lux’s portfolio have developed driverless cars, autonomous boats that collect oceanographic data, and innovations in neuroscience. Lux raised the full $400 million

Venteny raises capital for employee benefits platform in Philippines

Venteny raises capital for employee benefits platform in Philippines Venteny has raised a seed round for its employee benefits platform in Philippines. Venteny, launched in 2015, works with employers to curb high turnover by offering employee benefits like restaurant and fitness discounts as well as short-term loans and cash advances. The loans serve the 69

Jean Case previews map of emerging impact data ecosystem

Women Rising Jean Case is bullish on impact investing. Writing in Stanford Social Innovation Review, the former AOL executive and head of the Case Foundation credits the growing influence of young people and women, the entrance of big institutions and an increasingly robust data ecosystem. On that last point, Case touts the Impact Investing Network

Millennial investors are seeking social impact through disease prevention and cure

Healthcare was the issue that mattered most in American Century Investments’ survey of the investment habits of more than 1000 adults, which found that more than half of millennials consider “social impact” an important factor in selecting investments. That suggests a mismatch between investor demand and the supply of health-related impact investments. Allocations to healthcare

Bahrain wants to be the next fintech hub

Bahrain wants to be the next fintech hub. The small Persian Gulf country is emulating Singapore, which is positioning itself as the center of fintech in east Asia. The goal is to make Bahrain where “entrepreneurs come to test their ideas and services,” said David Parker who heads Bahrain’s Economic Development Board. Bahrain was once recognized as