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Hong Kong VC Firm Nest Expands to Nairobi to Support Continent’s Talents
Hong Kong VC and incubation firm Nest has recently announced its expansion into Africa, connecting local talent with Asian investors abroad.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Technology Billionaire Bill Gates to Double Investment in Clean Energy Projects Over Five Years
Technology billionaire Bill Gates says he’ll plow $2 billion of his own money into breakthrough energy projects that reduce emissions and eschew fossil fuels. The planned investment doubles what Gates already has spent on early-stage energy companies geared to fight climate change, the Financial Times reported Thursday.
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Early Tesla Motors Investors Raise $400 Million Impact VC Fund
Two early investors in Tesla Motors Inc.TSLA +0.96% teamed up and raised a $400 million venture capital fund to back startups that have a positive social or environmental impact, Venture Capital Dispatch has learned.
- Categories
- Impact Assessment, Investing
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PRESS RELEASE: Report: Private Impact Investing Funds Yielded Financial Performance in Line With Non-Impact Funds
Private impact investment funds -- specifically private equity and venture capital funds -- that pursue social impact objectives have recorded financial returns in line with a comparative universe of funds that only pursue financial returns.
- Categories
- Impact Assessment, Investing
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MyDentist Raises Around $8M From LGT Group, Existing Investors
Mumbai-based Total Dental Care Pvt Ltd, which runs dental care chain under the MyDentist brand, has secured Rs 50 crore (around $8 million) in its Series C round of funding led by LGT Venture Philanthropy, a global impact investing organization founded by LGT and the Princely Family of Liechtenstein.
- Categories
- Health Care, Investing
- Region
- South Asia
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Aavishkaar Raises Rs 500 crore for Foreign Investments
Aavishkaar, India's biggest social entrepreneurship focused venture capital fund, would be investing about Rs 500 crore ($75 million) in start-ups from Pakistan, Bangladesh, Sri Lanka and Indonesia.
- Categories
- Health Care, Investing
- Region
- South Asia
- Tags
- venture capital
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Aavishkaar raises $75 million for foreign investments
Aavishkaar, India's biggest social entrepreneurship focused venture capital fund, will be investing about Rs 500 crore ($75 million) in start-ups from Pakistan, Bangladesh, Sri Lanka and Indonesia.
- Categories
- Investing
- Region
- South Asia
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Profit From a Cause
Making and selling portable toilets? Investors wrinkled their noses when Rajeev Kher, Managing Director of Pune-based Saraplast Pvt Ltd, first sought funds from them in 1999. Sixteen years later, the toilets have been such a success that he is spoilt for choice as he looks for a third round of funding. "My company has been profitable for a long time," he says. "But I will never forget that when I started off, it was Aavishkar which came forward to support me."
- Categories
- Health Care, Investing
- Region
- South Asia
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