ImpactAlpha’s deal news coverage for the week:
Agrifood investing. Beneficial Returns made three sustainable forestry and agriculture investments in Latin America… S2G Investments led a $25 million investment in Chilean company Oxzo, which manufactures automated aeration systems for fish farms… Swedish startup Melt&Marble raised €7.3 million ($8.5 million) from Industrifonden, German skincare company Beiersdorf, Finnish dairy producer Valio and others to bring to market its fermented animal-free fats.
Energy transition. B Capital led a $462 million Series E equity round for geothermal energy producer Fervo Energy. Fervo’s production plant in Beaver County, Utah, is slated to begin delivering 100 megawatts of power to the electricity grid next year… Scotland-based Orbital Marine Power raised €8 million ($9.4 million) from Scottish Enterprise and PXN Ventures to harness energy from tidal streams.
Fund news. North Sky Capital seeks $250 million to scoop up impact secondaries… Ring Capital snagged $252 million for impact growth fund.
Green batteries. Norrsken Evolven and HTGF led Fion Energy’s €1.4 million ($1.6 million) pre-seed round to automate industrial battery energy storage… ZincFive raised $30 million in Series F financing from Helios Climate Ventures, Climate Investment, Japan Energy Fund, General Ventures and other backers to develop nickel-zinc batteries.
Green infrastructure. Global Infrastructure Partners, a green infrastructure investing unit of BlackRock, will pay BHP $2 billion for a minority stake in Western Australia Iron Ore’s inland power infrastructure group… Highland Electric Fleets secured $150 million from Aiga Capital to roll out electric school buses… Île-de-France Reindustrialisation Fund, Asterion Ventures, 360 Capital and Taranis invested €30 million ($35 million) in French startup Spark Cleantech, which converts methane from heavy industry into hydrogen and solid carbon.
Inclusive finance. Mission Driven Finance added a $4.5 million line of credit to secure child care facilities… Reinvestment Fund tapped the bond market for $70 million for housing, education and HBCUs.
Investing in health. Ghana-based CarePoint secured a $3 million loan from the Japan International Cooperation Agency to acquire underperforming health clinics and give them a tech upgrade to treat patients in person and virtually… Save the Children’s venture fund invested in Indonesia’s PrimaKu, a pediatric health data startup that tracks children’s development, vaccinations and nutrition.
Return on inclusion. Soros Economic Development Fund, FinDev Canada, Japan International Cooperation Agency, IDB Invest, Visa Foundation, Wire Group and others provided $7.5 million to EcoEnterprises’ fourth fund, a women-led fund focused on nature-based solutions and inclusive development in Latin America… The Mastercard Foundation Africa Growth Fund made an investment in Five35 Ventures, an early stage venture fund in South Africa that focuses on women-led startups.
Waste management. Canada’s pH7 Technologies secured $26.5 million in a Series B round, backed by BHP, TDK, Rhapsody and Fine Structure Ventures, to extract critical metals from mining and recycled feedstocks… Makesense raised €15 million to invest in circular essential goods and services… Sweden’s Altor Equity Partners reached a €600 million ($698 million) deal with Bridgepoint Group to buy Evac, a Finnish company that offers waste and water management services for industrial customers.
