ImpactAlpha’s deal news coverage for the week:
Circular economy. Investors backed sustainable textile startups in the UK, Sweden and India… Sunna Ventures seeded BackChannel’s surplus fashion marketplace in Brazil… Actis acquired a 90% stake in Singapore-based 800 Super, a waste management and recycling company.
Climate finance. Brookfield and Canadian pension fund La Caisse agreed to acquire Québec-based renewable energy company Boralex… Florida-based Carrier Ventures backed Heat Geek, a UK-based startup connecting homeowners in Europe with local heat pump installers… LeapFrog closed investments in clean energy, housing and healthcare… Scotland-based Earth Blox secured £6 million to support banks and other financial institutions in underwriting nature-based projects… Sequestra landed €3 million to scale industrial carbon removal… X-Energy, a Maryland-based nuclear reactor and fuel company, has filed to go public.
Education and skills. Enko Education, which is working to expand quality education access for K-12 students in Africa, secured a $22 million line of credit from Standard Bank.
Food systems. Eternal.ag, based in Germany, raised €8 million for its tomato harvesting robots, which are designed for use in high-tech greenhouses… Generate Capital exited Equinox Growers, a Virginia-based operator of high-tech greenhouses, to fresh food producer Taylor Farms.
Fund news. Adenia closed Africa Entrepreneurial Fund at $180 million… BKR Capital reached a $20 million first close for its second fund for Black-led tech startups in Canada… Innogen Capital snagged $2.5 million for early stage ventures in Central America… Mundi Ventures raised $100 million from industry insiders for LatAm insurance fund… UK-based Climate Investment raised $450 million for its Decarbonization Acceleration Fund.
Investing in health. Boston-based Flourish Care raised $5.7 million to provide maternal care via its network of doulas… Kenya-based Jacaranda Maternity, an affordable maternal healthcare provider, secured $600,000… Somerset Indus Capital Partners closed its third fund at $288 million to improve access to affordable healthcare in India.
