ImpactAlpha’s deal news coverage for the week:
Catalytic capital. Closed Loop Partners backed rural recycling in Appalachia… The Catalytic Climate Finance Facility, an initiative of the Climate Policy Initiative and the blended finance network Convergence, provided $870,000 in working capital grants.
Clean tech. Battery recycler Redwood Materials snagged $350 million to convert used but still serviceable batteries into renewable energy storage for data centers… Brookfield Asset Management and uranium supplier Cameco forged an $80 billion partnership with the US government to set up new nuclear reactors across the US… Denver-based STACK Infrastructure secured 39.7 billion yen ($260 million) in debt to finance a green data center campus in the greater Tokyo area… Macquarie Asset Management’s Blueleaf Energy, an Asia-focused developer, financier and operator of renewable energy and storage assets, raised $75 million to develop two gigawatts of clean energy capacity in India… Transition VC led a $5 million round in Hydgen’s green hydrogen production.
Circular economy. Circulate Capital, Positron Ventures and bmp Ventures invested €3.3 million ($3.8 million) in Germany’s Aevoloop, which upcycles plastic waste into biodegradable alternatives… Elbow Beach backed Upcycled Plant Power to upcycle uneaten broccoli.
Climate finance. Concordia University invested $25 million in Realize Capital as part of shift to sustainable investments… Portugal’s SeaForester, which restores seaweed forests and other marine vegetation, secured $1.9 million from the World Wide Fund for Nature and the Schmidt Family Foundation.
Fund news. Breakwall landed $125 million for energy transition credit fund… British private equity firm Astarte Capital Partners and Chile’s Toesca Asset Management raised $100 million from institutional investors in the first close of their joint fund that invests in regenerative agriculture projects, primarily in Chile and Peru… Indian VC Blume Ventures secured $175 million in the first close of its fifth fund to invest in early-stage solutions in healthcare, fintech, agriculture, consumer goods and others largely impacting Indian markets… Octopus Capital raised £60 million ($81 million) for its healthcare fund from LGPS Central, which manages the assets of eight of the UK’s local government pension funds, and Knight Frank Investment Management… Returning investors powered $1 billion raise for Mirova’s energy transition fund.
Green mobility. Dott used Nordic bonds to raise $81 million for e-bikes and scooters… Japanese vehicle manufacturer Honda Motor acquired India’s OMC Power, which provides solar solutions for commercial users, utilities and rural mini-grids… Nairobi-based Spiro raised $100 million, with $75 million from the African Export-Import Bank to speed Africa’s transition to electric mobility with its electric two-wheelers and battery swapping infrastructure.
Inclusive finance. CRDB Bank Burundi received a $25 million loan from Finnfund and the Austrian development bank OeEB to lend to 4,000 micro and small businesses… The Arab Fund for Economic and Social Development issued a $25 million subordinated loan to the Capital Bank of Jordan, to lend to small businesses and climate-related projects.
Investing in health. Berlin-based Every Health raised €1.1 million ($1.3 million) for a virtual clinic that focuses on healthcare for LGBTQ+ individuals… Iris Ventures raised $116 million for purpose-driven beauty and wellness brands.
