- Hype-cycle... For all the promise of blockchain-enabled technologies to solve a variety of global challenges, “blockchain for good” ventures have been slow to emerge.
- The latest signal... Consensys' $50 million in-house venture fund is scaling back the social impact-focus of the fund.
- Market development... If interest in blockchain-for-good is indeed ebbing, that just might mean it’s an opportunity to buy in.
There’s a reason ImpactAlpha has been publishing so many stories on Philadelphia, even beyond the fact that our own Dennis Price and his family moved back last year. We’ve been tracking locally-driven economic revival across the U.S.; Philly is testing approaches also taking hold elsewhere. Can local institutions and impact investors effectively direct capital to entrepreneurs and other agents of
- Women’s livelihood… Last July, IIX raised $8 million for a Singapore-listed Women’s Livelihood Bond for low-income women in Asia.
- Growth capital... The $65 million Series C round was backed by Revolution Growth — the growth-capital fund of Steve Case’s Revolution Ventures — along with IVP, Data Collective, Lowercase Capital, Ribbit Capital and Female Founders Fund. The company has raised $105 million in total to date.
- New markets... Tala will expand to Mexico and India.
- Impact tracking... CoPower’s impact tracking and reporting includes kilowatt-hours of clean energy generated, energy saved, and CO2 emissions reduced.
- Longer terms… The four and six-year bonds offer returns of 4% and 5%, respectively.
- Reid Hoffman… The co-founder of Linkedin led Change Research’s seed round. Greenfield previously was a LinkedIn data scientist.
- Civic tech boomlet… BallotReady, another civic tech startup, last week secured $1.5 million in seed funding.
ImpactAlpha, April 23 – Clínicas del Azúcar, a string of low-cost diabetes clinics in Mexico, increased the penetration of its services to low-income populations over a six-month period. Blood sugar levels improved. For hitting those six-month impact targets, Clínicas earned a $64,000 payment on top of its top-line revenues from the Swiss development agency. Bjoern