ImpactAlpha’s deal news coverage for the week:
Climate finance. Copenhagen-based The Footprint Firm reached a €76 million ($90.1 million) final close for its inaugural fund that invests in early stage climate tech ventures in Northern Europe… UK-based 2150 raised €210 million for climate tech startups that reshape the urban stack.
Energy transition. All Aboard Coalition co-invested with climate VCs in Zanskar’s geothermal exploration… Nevada-based Redwood Materials raked in $425 million in Series E funding from Capricorn, Goldman Sachs, Google and other investors, as surging demand for AI data centers, manufacturing and electrification drives energy storage growth… New York-based GlassPoint raised $20 million in Series A funding, backed by New Investment Solutions and MIG Capital, to produce low-cost, solar-generated industrial heat.
Fund news. Ambienta Sustainable Credit Opportunities, a credit fund managed by Milan-based asset manager Ambienta, secured a €500 million ($594 million) final close. The fund received commitments from more than 40 institutional investors in North America, Europe and Asia… Ci-Gaba attracted Ghanaian pensions to a fund of funds investing in growth firms in West Africa… San Francisco-based Obvious Ventures raised $360 million for its fifth fund, which is looking to write checks ranging between $5 million and $12 million in planetary, human and economic health startups.
Good jobs. Oro raised $3 million to bring homeownership and housing benefits to the workplace.
Green infrastructure. IDB Invest and Finance in Motion’s LAGreen Fund invested in El Salvador’s first blue bond, issued by Bancoagrícola to finance responsible water management and marine ecosystem conservation… M&G will invest more than £1 billion ($1.4 billion) in the UK over three to five years to support the creation of new affordable housing, clean energy and green infrastructure and social enterprises… New Hampshire-based Conservation Resources raised $52 million in a first close for its second impact fund that invests in timberland and farmland real assets.
Inclusive finance. Bangalore-based Varthana Finance secured a $6 million line of credit from WaterEquity to expand access to clean water and sanitation in schools in India’s underserved communities… Sahel Capital, fresh off a $29 million first close for its second fund, extended a $2.4 million line of credit to Ghana-based Kuapa Koo for buying cocoa beans from smallholder farmers… Teranga Capital backed Maraz to produce leather goods and train leathercrafters in Senegal… XSML Capital landed $142 million to provide private credit to businesses in Africa.
Investing in health. SJF Ventures, Gratitude Railroad and Blue Venture Fund backed the Series B financing round of Origin, a Los Angeles-based women’s health startup focused on pelvic floor physical therapy…
Waste recycling. IMPAQTO Capital provided a revenue-based loan to Lima-based Cirkula, a company that resells surplus restaurant food at a discount in Peru to prevent waste… Refurbi raised $4 million to bring refurbished phone marketplace to Mexico… T. Rowe Price and Canada Growth Fund led the $75 million Series C equity round of Toronto-based Cyclic Materials to recycle magnet waste for rare earths and other critical materials critical to the rapid growth of AI, robotics and EVs.
