Notable deals this week:
🇺🇸 Fervo Energy, a Houston, TX-based geothermal power company, raised $138M in funding. Fervo Energy provides 24/7 carbon-free energy through development of next-generation geothermal power plants.
🇺🇸 Alt-meat food-tech startup, Just, has received a $25M investment from private equity firm C2 Capital Partners. Just introduced Just Egg, a plant-based egg brand, into the Chinese market in 2019 along with Good Meat, a cultivated meat brand, into Singapore.
🇨🇦 Vive Crop Protection has secured $26M in Series C financing to fuel its R&D plans and geographic expansion efforts. The company creates new ways to use proven crop protection products using its targeted Allosperse Delivery System, which improves the targeting and performance of pesticide active ingredients.
🇲🇽 Koibanx, a Mexico City-based asset tokenization company, raised a $22M Series A funding round. Funds will be used to provide blockchain infrastructure and build payment rails for financial institutions expanding operations in Central America.
Other promising impact deals:
🇮🇱 Groundwork BioAg closed a $18M Series B round to decarbonize mainstream agriculture. The company leverages the natural power of mycorrhizal fungi to improve the productivity and profitability of commercial agriculture.
🇬🇧 Orthox, an EIT-Health supported start-up based in the UK, has closed its Series A financing round at $12.5M.
🇩🇪 Berlin-based Dryad Networks has raised €10.5M in new funding. The startup is developing solar-powered environmental sensor networks that provide rapid wildfire detection.
Read up on all the latest impact deals in Dealroom.co
