ImpactAlpha’s deal news coverage for the week:
Agrifood investing. Miller Center Capital’s Innovation Fund, supported Grupo Merlota and rural Mexicans with small-scale poultry farming… US food giant Mars invested $250 million in sustainable agriculture, packaging and ingredients via its new Mars Sustainability Investment Fund… Kenyan fish processing company Camino Ruiz received a $1 million loan from Sahel Capital.
Circular economy. Boston Metal secured a $51 million convertible note for a plant in Brazil that will recover critical metals like niobium, tantalum and tin from mining waste… Minus Waste Solutions secured a growth equity investment to transform organic waste into animal feed, clean energy and other resources.
Clean energy. Argentina’s Unblock clinched $13.5 billion to use stranded energy for data centers… Mexico-based Tulum Energy raised $27 million in equity financing from TDK Ventures, CDP Venture Capital and other investors to build a pilot plant for producing hydrogen energy… La Caisse invested $200 million in Renewa to expand financing for land beneath clean energy infrastructure… Partners Group’s infrastructure division took controlling stake in German energy metering company Techem in a deal valued at $7.3 billion.
Electric vehicles. India’s Mufin secured $6.5 million in debt to expand electric vehicle lending… Rivian spin-off Also, raised $200 million from Greenoaks Capital, bringing its valuation to $1 billion… British startup Laka, which provides peer-to-peer insurance for electric bike users, raised €8.8 million.
Fund news. African Local Currency Bond Fund landed first international private institutional investor with $30 million bond issuance… Village Capital launched a $4 million fund in partnership with the Netherlands’ FMO and RVO to co-invest with local entrepreneur support organizations in agriculture tech, clean energy, circular economy and digital finance ventures.
Good jobs. The UK’s Helios Sports and Entertainment Group raised funding to create employment opportunities for creatives in Africa’s sports and entertainment sectors.
Investing in health. Truemeds raised 1.7 billion rupees to help patients find more affordable alternatives to medicine brands online.
Low-carbon transition. Conduit Capital US, Climate First Bancorp and GreenGen launched Sustainable Credit Farmers, a mortgage and energy efficiency lender for mid-sized real estate owners in the US… BTG Pactual secured $160 million in debt financing from Emerging Markets Global Advisory to finance water and sanitation projects in Latin America.
Returns on inclusion. British Business Bank committed $625 million to boost diversity in venture capital management.
Small business finance. Change Labs backed its first small business loan on the Navajo Nation… British International Investment launched a small business finance fund in Zambia.
