ImpactAlpha’s deal news coverage for the week:
Agrifood investing. Brazil’s Mercado Diferente, a consumer marketplace for lower-cost organic produce, raised $1.6 million from Collaborative Fund and Caravela Capital.
Better impact. Roots of Impact inked impact-linked investment for itself… ING extended a revolving line of credit to Lafayette Square of up to $250 million.
Circular economy. South Korea-based LD Carbon raised $28 million to recycle used vehicle tires into materials for new tires.
Ecosystem finance. Dutch Impact fund of funds manager Wire Group invested in EcoEnterprises Partners’ fourth fund to support nature-based livelihoods and ecosystem protection in Latin America.
Electric vehicles. California-based Kinetic secured $21 million in Series B equity financing for its network of EV servicing and repair centers… Volkswagen will invest $5 billion in Rivian to create a joint venture with the struggling EV maker.
Energy transition. Brookfield Asset Management is taking a majority stake in French renewable energy and battery-storage developer Neoen… Rubio Impact Ventures, INH and Rockstart backed Dutch startup Prêts, which is launching a service to help homeowners identify and price home energy upgrades.
Financial inclusion. The African Export-Import Bank provided $80 million to CBZ Bank, Zimbabwe’s largest bank, for on-lending to small business financial institutions… TBC Bank Uzbekistan secured a $10 million line of credit from responsAbility to expand microlending.
Gender smart. BancoSol floated a $30 million gender bond in Bolivia… First-time manager Amplifica Capital proves its gender thesis with 25 deals and counting.
Infrastructure finance. Nigeria-based InfraCredit secured $15 million from the African Development Bank to lend to renewable energy, telecommunications, healthcare, green housing and transportation infrastructure projects.
Innovative finance. BII and Symbiotics initiated a second ‘basket bond’ for green business lending… Calvert Impact rolled out a second ‘cut carbon note’ for green building upgrades.
Low-carbon transition. Oakland, Calif.-based Molten Industries raised $25 million to convert methane to graphite for use in US-made batteries… Blackhorn raised $150 million to invest in digital infrastructure for the low-carbon transition… Decarbonization Partners led a $69 million round for Neustark, a Swiss carbon removal startup that captures CO2 from biogas plants and stores it in mineral waste… Sweden’s Net Zero Company, a blockchain-based market for carbon removal credits, closed a $5.5 million seed round.
Risk management. Oslo-based Fortifai raised €502,000 to help companies automate ESG regulatory reporting and compliances… Austria’s Prewave raised a €63 million Series B funding round to help businesses meet sustainability requirements… ClimateX raised $18 million to help companies and investors manage growing climate risks.
