ImpactAlpha’s deal news coverage for the week:
Agriculture and food. Arya raised $80.5 million to invest in climate resilience for India’s farmers… VentureX, a startup accelerator in the Middle East, backed Egypt-based Croptimus to upcycle agricultural waste into bio-products… TPG’s Rise Fund bought a majority stake in Trustwell to strengthen food traceability and compliance… Inka’s Berries secured debt capital for climate-resilient blueberry farming in Peru… New York–based UK-based Biographica snagged £7 million to use gene editing to design climate-resilient crops.
AI for impact. Abu Dhabi’s sovereign wealth fund ADQ and the Gates Foundation announced a four-year, $40 million partnership for responsible AI and edtech in Africa.
Blue economy. OceanHub Africa got backing from Coca-Cola and Doen foundations for blue economy startups.
Education and skills. Leapfrog-backed CarDekho Group raised $10 million for its career and college admissions support business, CollegeDekho… Business For Teens secured seed funding to build Arab youth’s career skills…
Energy transition. Octopus Energy Group raised $1 billion for spin out of utility-focused venture Kraken…Chile’s copper giant scored $600 million in loans to curb greenhouse gas emissions… Google’s parent company Alphabet is acquiring data center developer Intersect for nearly $4.8 billion in cash… Acumen reached $250 million target for Hardest to Reach energy access initiative… HA Sustainable Infrastructure Capital will invest $500 million in a joint venture with residential solar firm Sunrun…
Financial inclusion. Colombian fintech venture Monet secured $24 million in Series A financing to provide digital loans to individuals without credit histories… Rwanda-based Kayko raised a $1.2 million seed equity round for its business software and embedded financing for small businesses…
Impact tech. Sora Technology, based in Japan, secured 400 million yen to use drones for infectious disease response and climate issues in Africa.
Investing in health. Oasys raised $4.6 million to help mental and behavioral health providers provide more personalized and efficient care.
