ImpactAlpha’s deal news coverage for the week:
Circular economy. Atta Impact Capital made the first investment from its Mesoamerican Catalytic Fund, backing Vitrinnea, El Salvador’s online marketplace for second-hand goods… Las Vegas-based Moxy raised $11 million to convert farm waste and scrap wood into carbon sequestering siding, roofing, and other building materials.
Economic inclusion. Proparco joined $65 million consortium for small business lending in Palestine… Sukhiba raised $1.6 million for enterprise software that helps Africa’s small businesses close deals.
Energy transition. San Francisco-based RE-volv raised $4 million from Candide Group’s Afterglow Climate Justice Fund and Invest in Our Future to provide solar financing to nonprofits helping accelerate solar adoption in underserved communities… Canadian investment firm MKB raised $145 million for its third energy transition fund… Apricus Generation secured backing from Blue Marlin Partners and CYWP Fund to finance and provide business support to solar and battery storage developers… London-based Sunswap raised €20 million for its solar + battery systems that are designed for use on Europe’s refrigerated trucks… Egypt’s NoorNation raised fresh capital for solar-powered water desalination and irrigation… Distributed energy storage company Swell Energy is shutting down just six months after its acquisition of solar installer Renu Energy Solutions.
Gender smart. IFC backed bonds and mortgages to provide access to finance for women in Thailand and Chile… The Development Bank of Rwanda launched its second sustainability-linked bond to improve its ESG initiatives and access to capital for women-led businesses and affordable housing.
Impact management. Singapore-based DiMuto raised $5.9 million to expand its food supply-chain monitoring tech to the US and Latin America… Brazil’s ESG Now raised early-stage funding for its software that helps companies track and manage their environmental, social and governance performance.
Investing in health. University of Wisconsin Hospitals raised $28 million to boost health access and slash emissions… Miami-based BeMe Health raised $12.5 million to provide 24/7 mental health support to teenagers… Solace raised $14 million for its digital platform that connects patients with expert healthcare advocates to help them navigate the US healthcare system.
Investing in nature. The Democratic Republic of the Congo is establishing a Carbon Credit Investment Bank to certify local forests for sustainable management… Brazilian carbon developer Systemica acquired forest manager Arapuá… Croatan Institute, Appalachian Carbon Exchange and Shelterwood Collective are among the small-acreage and underserved forest landowners sharing $15 million in US Forest Service grants to address climate change… Agrion inked backing from coral reefs fund to fight water and coastal pollution from sugarcane in Brazil.
Low-carbon economy. Twelve secured $45 million in debt for its sustainable aviation fuel plant.
