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title: 279 impact funds
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This week: electric vehicles, carbon futures, impact VCs, hydrogen rounds, sustainable cooling, and plant-based kebabs.

| View in browser NOVEMBER 23, 2021 Impact VC funds are growing fast It is not just impact startups that are attracting a record levels of funding, as illustrated in our recent report on impact innovation, but also impact funds. We currently keep track of 279 global impact funds, with the Berlin-based Auxxo being the newest fund to join the list.   🤔 How do we screen if a VC firm raised an impact fund?   These are our criteria: The self-reported ‘mission statement’ of the investor is about impact investing The investors has a specific fund for climate tech, social impact, or diversity and inclusion The investor has a specific focus on underrepresented founders. The fund has invested in multiple impact companies. LPs are clearly being won over to the idea that purpose and profit can go hand in hand, and it's good news for impact startups, as this capital will be looking for new homes in the coming years. View all impact funds   In other news 🏭 European carbon futures climbed to a new record following an agreement at the UN's COP26 climate summit. Benchmark prices rose as much as 5.9% to a record €67 a metric ton on ICE Endex on the first day of trading after the summit - Bloomberg Green   🚗 Electric vehicle maker Rivian eclipses Volkswagen in value while Lucid overtakes Ford - Financial Times   💵 The US took a major step toward fighting climate change on Friday when the House of Representatives approved a $2.2T spending bill that includes the largest expenditures ever made by the federal government to slow global warming -  The New York Times   Latest impact deals: The largest this week:   🇺🇸 VIA - a platform used to power public mobility systems - raised a $130M Series G round from Pitango Venture Capital, 83North, Ervington Investments, RiverPark Ventures, Shell, and other investors  at a $1.8B valuation. This valuation is lower compared to the one of March 2020 - $2.3B - when VIA raised a $200M Series E round.   🇺🇸 FirstElement Fuel - a company that builds and owns a hydrogen refueling network - raised $105M in a Series D funding round from Air Water, MUFG, Nikkiso, and Japan Infrastructure Initiative. US-based hydrogen startups raised a record $630M this year, with FirstElement Fuel raising the second largest round after BayoTech.   🇺🇸 Sama - an ethical AI company that provides data solutions for businesses - raised a $70M Series B round from CDPQ, Salesforce Ventures, First Ascent Ventures, Vistara Capital Partners, and other investors.   Other notable impact deals:    🇸🇬 DiviGas - a clean hydrogen production company - raised a $3.6M Seed round led by Energy Revolution Ventures, Mann + Hummel. Singaporean impact startups raised a record $216M in funding this year.   🇺🇸 Axiom Cloud - a software company working on efficient appliances for sustainable cooling - raised a $2.5M round from Momenta Ventures, Leadout Capital, Vela Partners and Lorimer Ventures. In the Urban Tech 2021 report we pointed out how sustainable cooling startups have a significant room for growth and how Efficient appliances and enabling technology startups like Axiom Cloud are underfunded compared to other segments such as Passive Cooling.    🇳🇱 Karma Kebab - a plant-based kebab company - raised a $1M Early VC round from Phase2Earth. Dutch meat substitute startups raised a $60M funding this year.    🇬🇧 Oxwash - a sustainable laundry startup - raised a €590k Seed round via the crowdfunding platform Crowdcube. Other 62 impact startups such as JustPark, Mintos and Heüra raised money via the crowdfunding platform.    🇧🇸 Coral Vita - a company working on restoring the damaged coral reefs - raised an undisclosed round from TeamABC, the Irish VC firm. Coral reefs are crucial for the conservation of the marine environment, we mapped other 13 startups working on this challenge here.   Read up on all the latest impact deals in Dealroom.co   Job opportunities   💼 We are hiring for an Impact Specialist- want to learn more about impact investing, sustainability, and startups? Please apply! We welcome applications from diverse candidates.   🌊 There are currently 600 job openings of companies, like Sinay, Sofar Ocean Technologies and Aquabyte, working towards the Life Below Water (#14) SDG.    Discover 39,000+ job openings at impact startups (login for full results)   Tip of the week   Trade registers are an important tool that we use to discover newly-founded startups. For example, with this query you can discover 90+ impact startups discovered via trade registers.    Dive in   📈 7,900+ impact startups and 12,000+ funding rounds on https://impact.dealroom.co   ♻️ Sort by the 17 UN Sustainable Development Goals: https://impact.dealroom.co/curated/taxonomy/sdgs   Knowledge partners   Matteo Renoldi Impact Tech Specialist Dealroom.co About this newsletter   This is Dealroom's weekly impact newsletter.  You can subscribe here to get more industry-specific intelligence on the evolving world of impact, expert insights on purpose-driven startups, responsible tech, ethical investment, and more.  Delivered on Tuesdays. Dealroom.co, Cornelis Dirkszstraat 27-2, 1056 TP, Amsterdam, The Netherlands Unsubscribe Manage preferences |
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