The ‘digital divide’ is narrowing

The world is on track to achieve the UN Sustainable Development Goal for universal and affordable Internet access in the world’s least-developed countries by 2020, according to a new UN report. Significant progress has been made in the 47 poorest countries, which have all now launched third-generation (3G) mobile services. Around 700 million of the 880

Oregon Community Foundation makes three investments from impact fund

The Portland-based foundation invested (paywall) $3.75 million in housing lender Network for Oregon Affordable Housing, small business lender Micro Enterprise Service of Oregon, and local lending agency Community LendingWorks. Oregon Community Foundation, with a $1.7 billion endowment, is comprised of seven philanthropies that support Oregon social organizations. The foundation has raised $20 million for its

Twilio social fund backs edtech venture Edovo

Half of US inmates return to prison within three years of release, and education programs significantly reduce the odds of recidivism. Chicago-based Edovo provides educational content on secure tablets for people in prison, seeking to reduce recidivism. Inmates receive certificates and entertainment options when they complete lessons. Edovo is currently available to 50,000 of the US’s

Lambda School raises $4 million for pay-as-you-earn coding school

The education company offers computer science and machine learning programs, and recently graduated its first class. Students can pay $20,000 up front, or begin repaying through an income sharing program once they graduate and get a job earning over $50,000. The income share lasts for two years, with a maximum repayment of $30,000. The seed funding was

Mark Cuban backs student debt startup ChangEd

Impact Tech The startup’s app links student loan accounts with credit and debit cards PC: Chicago Tribune The billionaire has spoken out repeatedly about the threat posed by the $1.4 trillion in outstanding student debt in the US and has challenged President Trump to act. Cuban is backing ChangEd with $250,000. The startup has developed an app that

Notley and Capital Factory partner on Austin social coworking space

Nonprofit impact investor Notley Ventures and Austin startup accelerator Capital Factory are launching a 10,000 square foot coworking space for social startups. The Center for Social Innovation (not related to the New York and Toronto string of offices) aims to fill a gap for social entrepreneurs by bringing together networks, events, educational institutions and entrepreneurial

Resonance gets £60 million infusion to house London’s homeless

The impact investing firm raised the capital for a nine-year fund that will acquire over 300 private apartments and rent them at affordable rates to London’s homeless and people at risk of becoming homeless. The Real Lettings Property Fund 2 raised the $83.7 million from London’s City Hall and Croydon, Lambeth and Westminster districts. Resonance’s