Archive for November, 2019

India: Solar startup Freyr Energy, SaaS firm Verloop raise funding – e27

Freyr Energy, an India-based full-service solar solutions firm providing access to cheap energy, has closed a US$1.5 million Series A round from Impact Partners, a crowdfunding platform for impact investing.

Operated by Singapore-based Impact Investment Exchange (IIX), Impact Partners brought together a consortium of global investors including Netherlands-based C4D Partners and India-based angel investors. According to IIX’s impact assessment, the funding will expand access to reliable and affordable solar energy to 2,275 households and 2,975 businesses, enable 675 off-grid rural villages to enjoy electricity for the first time through micro-grids, and avoid 167,270 metric tons of CO2 emissions by 2022. Read more.

ATEC* Biodigesters secures US$1.6M Series B with support from the Clean Cooking Alliance and Impact Investment Exchange (IIX) to scale clean energy access in Asia

SINGAPORE AND AUSTRALIA, 27 November 2019 – ATEC* Biodigesters (ATEC*), an Australian social enterprise, has raised US$1.6M in a Series B equity round to roll out the world’s first PAYGO (pay-as-you-go) model for biodigesters as well as to expand its operations from Cambodia to Bangladesh. The funding for ATEC* was secured with support from ATEC’s key partners, the Clean Cooking Alliance and Impact Investment Exchange (IIX). The investment was made by a consortium of investors led by ENGIE Rassembleurs d’Energies and including Fondation Ensemble, the IIX Growth Fund, and Phitrust Asia.

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Trailblazer in Impact Interview Series: Green Enterprises Indonesia

As part of our 10th Year Anniversary, our Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

This issue of our Trailblazers in Impact Interview Series features Jane Dunlop, CEO and co-founder of farm-to-market virgin coconut oil producer Green Enterprises Indonesia (PT GEI) based in Aceh, Indonesia. Following IIX Growth Fund’s investment in PT GEI in 2018, which later brought together additional investors C4D Partners and Stichting Administratiekantoor Green Enterprise Nederland, PT GEI has continued to grow and scale its operations, improving the lives of over 4,300 smallholder farmers through increased income and improved agricultural practices. Today, they’re supplying to the global cosmetics company LUSH.
 
By creating a sustainable and organic value chain for coconuts, Green Enterprises Indonesia is providing sustainable livelihoods to address the on-going problem of land-conversion from increasing palm oil demand, as well as the loss of the island’s extensive biodiversity.
 
Green Enterprises Indonesia is a triple bottom line business model, and we are excited to continue working with them to create positive social change in the Indonesian agricultural community. Enjoy the read!

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3 Things Family Offices and DAFs Need to Know about Using Impact Investing for Women’s Economic Empowerment in Asia

In many countries across Asia, women and girls face persistent structural constraints that keep them trapped in subsistence living. These conditions reduce their resilience to economic and environmental downturns and become key barriers to economic development and increased political participation. The good news is that socially conscious investors, foundations, financial institutions and financial vehicles are looking to tackle this through impact investing.

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Why we need to bring women into the climate change equation

Climate change is the single greatest challenge of our generation. Today, more than 1.3 billion people live on failing agricultural land – where communities and individuals are faced with the risk of failed harvests, worsening hunger, poverty, and displacement.

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