IIX Impact Partners, a debt and equity crowdfunding platform, announced that it has helped Bangladesh-based clean energy firm SOLshare close a $1.1 million (~₹81.9 million) financing round that will help fund smart solar microgrids to off-grid, underserved communities in the country. IIX’s press statement said that the investors who participated in the funding round included innogy New Ventures LLC – the venture capital investment arm of the German utility firm innogy SE— along with the investment arm of Portuguese utility firm EDP Ventures, as well as other angel investors from around the world. READ MORE
Durreen Shahnaz is founder and chief executive of Impact Investment Exchange(IIX), which says it created the world’s first social stock exchange. She tells Global Capital about how we can rebuild a better economy, with the help of capital markets, after coronavirus. READ MORE
BANGLADESH-BASED clean energy firm SOLshare has closed a US$1.1 million financing round supported by Singapore-based debt and equity crowdfunding platform IIX Impact Partners. READ MORE
Over the past decade, IIX has built a highway of support for enterprises across their stages of growth, effectively connecting them to capital markets through Impact Partners. With investors reeling from the market meltdown, we believe that RRI investment strategies will become the new norm. Investors who can assess opportunities through the lens of risk-return-impact can look to make attractive returns from investing in COVID-resilient businesses while creating positive impact for people and planet.” READ MORE
To support SMEs in raising capital, IIX is leveraging on-the-ground data-driven insights to provide businesses and investors with comparative, standardised information on risk, return, and impact (RRI). For the funding, the company was supported by IIX Impact Partners—the world’s most successful debt and equity crowdfunding platform for impact investing—through its network of impact investors. READ MORE
First reported by the Daily Star, the funding round was supported by IIX Impact Partners – the debt and equity crowdfunding platform for impact investing and included follow-on capital from existing investors, Innogy New Ventures LLC and EDP Ventures and as well as undisclosed new angel investors from around the world.. READ MORE
SINGAPORE, 3 July 2020 – IIX Impact Partners – the world’s most successful debt and equity crowdfunding platform for impact investing – has supported Bangladesh-based off-grid solar energy firm SOLshare in closing a US$1.1 million financing round. Investors include innogy New Ventures LLC – the venture capital investment arm of the German utility firm innogy SE— the investment arm of Portuguese utility firm EDP Ventures, as well as new angel investors from around the world. Funding will be used to bring smart solar microgrids to off-grid, underserved communities in Bangladesh, putting SOLshare on track to positively impact 2.5 million people by 2023.
IIX Chief Investment Officer and MD of Portfolio Management Robert Kraybill said: “IIX is thrilled to continue supporting SOLshare, following our 2018 investment through our IIX Growth Fund.. READ MORE
Singapore- based Impact Investment Exchange (IIX) on Friday announced that it has backed the $1.1-million financing round for Bangladesh-based off-grid solar energy firm SOLshare. READ MORE