The largest this week:
🇬🇧 Arrival - an electric vehicle van maker - raised an additional $500M via a Private Placement round from JP Morgan, Barclays, Goldman Sachs, and Cowen Group. We interviewed Avinash Rugoobur - President & Chief Strategy Officer here.
🇺🇸 Impossible Food - a plant-based meat substitute startup - raised $500M from the Seoul-based investor Mirae Asset Capital at a $7.0B valuation. In August 2020 Impossible Food raised a $210M round from Mirae Asset Capital, Tamasek, and Coatue Management. Impossible Food is now the most valuable alternative protein company in the United States.
🇩🇪 Grover - a technology subscription platform - raised $250M in Debt from Fasanara Capital. Equity capital is not the only financial instrument that startups can leverage, global impact startups raised $3.5B in Debt this year.
Other notable impact deals:
🇬🇧 Ieso Digital Health - a digital therapeutics startup - raised a $53M Series B round from Morningside, Sony Innovation Fund, IP Group, Molten Ventures and Ananda Impact Ventures. This is, by far, the largest round in 2021 for a UK startup working on mental health.
🇸🇮 Juicy Marbles - a plant-based meat substitute startup - raised a $4.5M Seed round from the newly founded World Fund, Agfunder and Fitbit. The company was founded in 2019 and took part in the Winter 2021 program at YCombinator. The American accelerator founded other 95 impact startups and 4 impact unicorns: Helion Energy, Convoy, Solugen, and Prometheus.
🇩🇰 Female Invest - Denmark’s largest investor network for women - raised a $4.5M Seed round from Green Visor Capital, 10x Value Partners, and other investors. In the Fintech for kids – Generation Alpha and beyond blog post, Lorenzo Chiavarini pointed out how “Financial education is usually not a complete, standalone product but just a feature. [...] Challenger banks offer it as a free or low-cost extension so that people do that for their children, but more and more players are emerging focused exclusively on the segment.”
Read up on all the latest impact deals in Dealroom.co
