ImpactAlpha’s deal news coverage for the week:
Climate finance. FinDev Canada provided a $20 million loan to Locfund Next to capitalize microfinance institutions that offer climate financing to micro and small businesses in Latin America and the Caribbean… Investisseurs & Partenaires raised $48 million to expand access to climate-smart goods and services… Theia Ventures invested in Lemnisca’s ‘flight simulator’ for material discovery.
Energy transition. Brookfield acquired a stake in Singapore-based renewable energy developer Alba Renewables from SUSI Partners… Gratitude Railroad and Plankton Energy partner to buy commercial and community solar projects… TPG Rise Climate completed its acquisition of Siemens Gamesa, the onshore wind business of Siemens Energy in India and Sri Lanka… Zurich-based Candi Solar raised $58.5 million in a round led by the International Finance Corp. to develop commercial and industrial solar projects for companies in India and South Africa.
Fund news. Afreximbank closed its second Samurai bond, raising $527 million through the Japanese markets to finance African trade… ALS Investment Fund closed third fund to finance innovation for neurodegenerative disease… Berlin-based Future Energy Ventures raised €205 million ($239 million) for its second fund for digital and asset-light energy transition startups… FSD Africa rolled out an ‘insurtech’ fund to expand access to insurance in Africa.
Gender-lens investing. Deetken Impact, also in Canada, secured C$106 million (US$75.8 million) from the Canadian government for its blended finance Climate Action Fund for climate-plus-gender projects in Latin America… Epic Angels network invested in BioPlaster to turn seaweed into packaging… Female Founders Fund raised $29 million from Pivotal Ventures, Ingeborg Investments and the Anne Wojcicki Foundation for its fourth fund for seed-stage, female-founded companies.
Inclusive lending. Higala closed its $4 million seed round to reduce the cost of rural lending in the Philippines.
Investing in health. Eluvo secured new funding to expand its fertility services, family planning and other health services for women in the Philippines.
Low-carbon transition. Japan’s Chiyoda Corp. and the Development Bank of Japan invested in San Francisco-based Heirloom for low-cost direct air carbon capture… The Global Center for Maritime Decarbonization’s Fund for Energy Efficiency Technologies secured $35 million to offer upfront financing for vessel retrofits. The fund is managed by Singapore-based AIM Horizon Investments.
Ownership economy. Community Vision landed $5 million from the Packard Foundation for community ownership in California.
Waste management. Chilean biotech startup Frankles secured $1 million in early-stage funding to convert agrifood waste and byproducts into compounds to make new products and ingredients… Tiger Infrastructure Partners invested growth capital in Kansas City, Mo.-based Raptor Waste Solutions, which handles management logistics for residential, commercial and industrial customers.
