ImpactAlpha’s deal news coverage for the week:
Carbon markets. Illinois-based Therm Solutions raised $3.6 million to generate carbon credits through projects that reduce greenhouse gas emissions from refrigerants.
Circular economy. Closed Loop Private Equity acquired Agri-Cycle, which collects organic waste and composts or upcycles it… PeelOn, in India and the US, raised $1 million for its biodegradable packaging film that helps preserve fresh foods… Closed Loop Ventures, WovenEarth Ventures and Climate Capital backed ChemFinity, which makes wastewater filters.
Climate finance. TPG Rise and Clean Growth Fund hit climate fundraising milestones… Australia-based Ecotone Partners $16.3 million for the first close of its Planet Fund to provide equity and debt for capital-intensive, asset-heavy climate tech businesses.
Energy transitition. Group14 hauled in $436 million for more powerful batteries… Australia-based Carbon280 raised $10.8 million to build a facility in western Australia to store and transport hydrogen fuel… CrossBoundary Energy raised $40 million for commercial and industrial solar in Africa… The International Finance Corp. approved a $250 million loan for US-based United Solar’s planned $1.6 billion polysilicon plant in Oman… Austin-based Aalo Atomics raised $100 million for its modular nuclear plant for data centers.
Financing farmers. Responsible Commodities Facility raised $60 million for sustainable soy farmers in Brazil… Beneficial Returns approved a $250,000 impact-linked loan for Multi Rempah Sulawesi to help Indonesia’s spice farmers sell their products at better prices.
Green infrastructure. Germany’s Prime Capital secured €30 million from the European Investment Fund for its Sustainable Infrastructure Debt Fund… LifeSight invested $608 million in Schroders’s Greencoat Global Renewables+ Long-Term Asset Fund, an energy transition infrastructure fund… Infrastructure investor Africa50 reached a $118 million first close for its Alliance for Green Infrastructure in Africa Project Development Fund.
Impact tech. Norrsken Foundation in Sweden launched the Norrsken Evolve impact fund to invest in European renewable energy, robotics, health tech, new materials and AI infrastructure startups… Fifty Years raised $126 million for its fourth fund for “founders building things civilization needs”.
Inclusive economy. WCCN backed Amazonia Impact Ventures to accelerate climate and community finance in the Amazon… BancoSol issued its second gender bond for women-led businesses in Bolivia… Mission Driven Bank Fund reached a $200 million final close to finance lending institutions working in underserved communities in the US… ROC USA raised $47 million for its National Acquisition Loan Pool for collective real estate buying in low-income communities in the US.
Sustainable debt. Japan’s Mitsubishi UFJ Financial Group is in talks with several African governments to replicate a sustainability-focused sovereign debt swap it closed with Cote d’Ivoire late last year.
