Curiositi Learning, which has 20,000 users in 100 schools in the states of Karnataka and Maharashtra, raised 3.5 crore rupee ($515,000) to expand its platform of educational kits to help students master math, science and other complext subjects. The Series A round was led by Menterra Social Impact Fund with backing from Unitus Seed Fund,
Palatine Private Equity, based in Manchester, U.K., reached a £75 million ($92.5 million) first close of a £100 million fund. The firm is reportedly looking for impact investments of £10 million or less for the fund. It did not release details on the target impact metrics for the new fund. Palatine publishes a set of
Funding Circle, which has facilitated $3 billion in loans for small-and medium-businesses, raised another $100 million to build out its own platform. The San Francisco-based matchmaker says the 60,000 investors on the site lent more than $1.4 billion to small businesses in 2016, and $485 million in the fourth quarter alone, which it called “a
Climate Finance The Chinese-Canadian firm Canadian Solar has secured $210 million in loans to build a PV production plant in eastern Thailand. Most of the facility’s product will be exported to North America, where the U.S imposes tariffs on PV cells produced in China, including by Canadian Solar. Canadian Solar’s Thai facility would circumvent these.
Private equity funds moved aggressively into housing in the aftermath of the mortgage crisis. Now, some investors are seeking to make sure their impact is positive. UK-based Bridges Ventures is expanding its urban revitalization and social impact strategy to the US with a $25 million “UrbanView” fund; it has already acquired a mixed-income residential building