ImpactAlpha’s deal news coverage for the week:
Basic services. African Development Bank will inject $40 million in Project Zafiri to expand distributed renewable energy in underserved parts of Africa… The Emerging Africa & Asia Infrastructure Fund committed $40 million to AXIAN Telecom’s $600 million bond for digital infrastructure in Africa and Asia.
Carbon markets. Carbon removal project developer Chestnut Carbon secured a line of credit of up to $210 million… Vaulted Deep inked a carbon removal offtake agreement with Microsoft to store organic waste underground, preventing carbon dioxide from being released into the atmosphere.
Climate tech. Eventual, a New York-based startup helping real estate owners in the US manage climate insurance risks, snagged $7.5 million.
Financial inclusion. T. Rowe Price backed PayJoy to expand smartphone access in emerging markets… Platcorp Holdings clinched a $10 million loan from Swedfund to lend to micro, small and mid-sized enterprises in East Africa… Zvilo secured a line of credit from Fasanara Capital to provide working capital for small businesses in emerging markets.
Food and land. Ambienta acquired Agronova Biotech, a Spanish maker of bio-based crop treatments… S2G Investments led a $9.1 million round for Canada’s Mara Renewables, which uses a fermentation process to grow algae… Provectus Algae raised $12.6 million from At One Ventures and the Australian government’s Industry Growth Program… The Gates Foundation invested in Argentina-based Puna Bio, which is developing climate-resilient crop treatments.
Gender smart. Auxxo reached a €26 million first close for its second Female Catalyst Fund, which backs early-stage, women-led startups in Europe.
Green real estate. Builders Vision, Breakthrough Energy and The Clean Fight to accelerate building decarbonization with $10 million grant fund… Jonathan Rose Companies closed $660 million fund for green affordable housing… Activate Capital invested in Montreal-based XNRGY, which makes sustainable cooling systems for data centers and commercial buildings… Germany’s Thermondo secured €50 million loan to help households adopt heat pumps.
Investing in water. Zurich-based Emerald Technology Ventures secured €20 million for its second global water fund.
Low-carbon future. With $120 million fund, RA Capital seeks planetary health and near-term profitability… The 22 Fund secured CRA allocations from BMO and City National for quality green jobs… Energy forecasting startup Amperon raised funding from Japan’s Acario, the venture arm of Tokyo Gas… Kimmeridge backed 38 Degrees North to ramp up US community solar… GeologicAI secured $44 million for its AI-based mineral scanning and identification technology… Las Vegas-based Ultion Technologies closed a Series A investment round to produce lithium iron phosphate batteries for energy storage.
LP scan. Here are more than two dozen LPs investing in nature-based funds around the globe.
Sustainable development. 500 Global committed $300 million for emerging market startups tackling urgent challenges.
