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ClearlySo raises financing for Thrive in UK and Crehana in Peru

ClearlySo, an impact investment bank, helped Thrive beat its fundraising target of £500,000 ($630,000) to develop software to help individuals manage mental health conditions. ClearlySo said it also helped Crehana, based in Lima, raise a seed round of $750,000 to build out its online platform for designers, photographers and video-producers in Spanish-speaking markets. Photo: GARY

Pearl Capital closes round for Uganda agriculture fund

The new Yield Uganda Investment Fund attracted €12 million ($12.9 million) to boost small- and medium-sized agricultural suppliers, producers, processors and transporters. Pearl Capital Partners, which also manages the $25 million African Agricultural Capital Fund launched in 2012 by JP Morgan and the Gates and Rockefeller foundations, hopes to double the new fund to €25

Pakistani emigrants back entrepreneurs back home

Pakistani emigrants back entrepreneurs back home As one of the “best hidden” frontier markets, Pakistan’s homegrown startups are starved for capital. Sarmayacar, based in London, is tapping Pakistani expatriates in Singapore, New York and other finance capitals as well. The investor network’s seed fund syndicate has raised more than $3 million and made its first deal, a

Biz and tech execs pledge to support refugees and immigrants

With Silicon Valley the epicenter of immigrant-driven wealth creation, tech titans are making up for a slow start to speak out against the president’s crackdown. Google’s Sergey Brin, who was born in Russia, showed up at Saturday’s protest at SFO. Tesla’s Elon Musk, born in South Africa, tried to play messenger to the president. Airbnb’s

Reframing Immigration: People on the Move are Assets, not Liabilities

The immediate outpouring of resistance against President Trump’s hastily drawn ban on travelers from seven predominantly Muslim countries was driven by moral, humanitarian and constitutional concerns. Some business leaders have already rejected Trump’s move, including Starbucks’ Howard Schultz, Netflix’s Reed Hastings and Salesforce’s Marc Benioff. Amazon’s Jeff Bezos has said the company is working on a

Good absorbs Upworthy in social-impact media merger

The two companies have huge combined reach but have both struggled to find profitable business models. Together, the companies claim 276 million followers on Facebook and 31 million monthly unique visitors to their websites. Upworthy, which is focused on online video, will remain a standalone brand under Good Worldwide. The companies will combine their newsrooms

Obama adds impact investor to foundation board

Like the former president, Deval Patrick, the former Massachusetts governor turned private-equity guy, combines politics and finance. He is now raising Bain Capital’s Double Impact fund. Also on the board for the foundation on Chicago’s South Side: David Plouffe, Obama’s former campaign manager, who recently joined the $45 billion Chan Zuckerberg Initiative. “The conversations I have