- Singapore-based Sun Cable has closed a $152 million Series B raise with their existing shareholders, Grok Ventures and Squadron Energy, to fund the development of its Australia-Asia PowerLink subsea cable project. The project is a 20GW PV plant with 36-42GWh of energy storage that distributes power to Darwin on the north coast of Australia, as well as to Singapore via a 4,200km high voltage direct current subsea cable that will pass through Indonesia. https://bit.ly/3JvNm6v
- Encina Development Group (USA), a producer of circular chemicals from waste materials, has secured a total of $55 million of equity capital which included participation from institutional investors IMM Investment Global Limited and SW Recycle Fund through a $32 million private placement. The private placement was oversubscribed following strong institutional support. https://bwnews.pr/3NaupZk
- Nautilus Labs, a maritime technology company that reduces emissions while maximising commercial returns with hubs in New York, Singapore, Paris, and London, has raised $34 million in Series B funding. Microsoft played a leading role, with?M12, Microsoft’s venture fund, and the?Microsoft Climate Innovation Fund co-investing for the first time. This round brings Nautilus’s total raised capital to over $48 million. https://bwnews.pr/3uo105a
- US-based startup?IUNU landed a $24 million Series B round that will fuel growth of its technology used in greenhouses to analyse the health of crops and manage production. Lewis & Clark AgriFood led the round; other backers include S2G Ventures, Ceres Partners, and Astanor Ventures. https://bit.ly/3wr38M6
- German greentech startup?Zolar?has received a $23 million investment from?Ecosia, as the environment-focused search engine calls upon other European businesses to follow in its footsteps and reduce an over-reliance on fossil fuels. https://bit.ly/3NdV2fO - via tech.eu
- Cambium Carbon PBC (USA) announced a $3.2 million seed round investment. The round was led by MaC Venture Capital, and supported by Soma Capital, Joe Tsai (Co-Founder and Executive Vice Chairman of Alibaba), Revolution's Rise of the Rest Seed Fund, Blue Ivy Ventures and others. Cambium Carbon uses technology to build local, regenerative wood supply chains. https://bit.ly/3D2Guep
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- Deal 1: solar-data driven IoT hardware and software platform
Regional focus:?Europe, Australia, USA, GCC & MENA regions, Pre Revenue - Series A,?$5m USD to $8m USD?
- Deal 2: agri-foodtech, plant-based protein
Based in the UK, projects can be started in?Kenya, Mozambique, Uganda, Tanzania, Strategic Equity Partner / Debt Funding, $4m USD?
- Deal 3: mass production of sustainable biochar
Based in Canada, Pre-orders/investors, $10m CAD for 25% of the company
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Allego N.V., a leading pan-European electric vehicle charging network, announced that its ordinary shares and warrants will begin trading on the New York Stock Exchange from March 17, 2022, under the symbols “ALLG” and “ALLG.WS,” respectively. Allego’s listing follows the previously announced completion of Allego’s business combination with Spartan Acquisition Corp. III.
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If you have any questions please contact us anytime. We would also appreciate any comments or?feedback. We look forward to working and staying in touch with you!?
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Endow Capital meets the most pressing global development issues by matching innovative companies with impact capital,?achieved by its corporate finance advisory and strategic consulting services.?Find out more about our work.
