ImpactAlpha’s deal news coverage for the week:
Clean tech. Austin-based Base Power raised $1 billion in a Series C equity round to manufacture and install residential battery systems to keep pace with electricity demand and ease grid pressure in Texas… Italy’s Gevi clinched €2.7 million ($3.2 million) in seed funding, led by 360 Capital and CDP Venture Capital, to develop micro-wind turbines… NxLite, a Michigan-based company that makes energy-efficient coatings for windows and glass doors, raised $9.2 million from Earth Foundry, New Climate Ventures and other backers.
Fund news. Climate Fund Managers closed $1 billion adaptation fund for emerging markets… Milan-based Maia Ventures secured backing from the European Investment Fund, CDP Venture Capital and other investors for an impact-focused seed fund for food and agriculture startups strengthening Italy’s food value chain… Town Hall Ventures raised $440 million for health tech for underserved communities… Ultra Capital clinched $130 million for its third energy transition fund.
Good jobs. Pear Suite clinched $7.6 million to give community health workers a boost from AI.
Green infrastructure. Infrastructure investor Generate Capital closed an $85 million tax equity commitment from KeyState to finance a portfolio of eight community solar projects in New York and Illinois… Private equity firm GEF Capital Partners committed $50 million to Membrane Group India for industrial water and wastewater treatment.
Home ownership. ALIVE Ventures backed Creditú to offer mortgages to first-time homebuyers in Latin America… LISC fund gives renters a chance to become homeowners in Cleveland.
Inclusive finance. Africa Lighthouse Capital acquired a minority stake in Bayport Financial, a microfinance company offering education, housing and business loans in Botswana… Fintech venture Zippi secured 85 million reais ($15.9 million) from Itaú, Verde Asset and other investors to provide credit access to Brazil’s small businesses… Kuunda landed $7.5 million to provide short term-financing for small businesses… Mission Driven Bank Fund, armed with $170 million from banks and corporations to help close the racial wealth gap, made its 11th investment, supporting Warsaw Federal Savings and Loan in Ohio.
Indigenous communities. Huurav Energy, a new Native-owned investment manager based on the Colorado River Indian Reservation in Arizona, is rolling out a bridge financing fund for clean energy projects on tribal lands that have stalled due to federal funding cuts.
Institutional impact. Dutch pension fund manager APG invested in 173,000 acres of timberland in the southern US. The deal was intermediated by Molpus Woodlands Group, a Jackson, Miss.-based timberland investment manager.
Mergers and acquisitions. Itron, a Washington-based utility infrastructure company, is paying $325 million to acquire Urbint, a developer of AI-powered software to help utilities and grid operators forecast damages to critical infrastructure and keep repair workers safe… Sustainability data company Novata will acquire Atlas Metrics, a European sustainability performance and reporting platform.
