Sustainability brands are hard at work to solve the problems of tomorrow, today. Forward thinking perspectives allow this industry to be as sustainable as the products and services they produce. The growth, expansion, and innovation from sustainability brands is something to watch now more than ever, and as of late, has captured the attention of many investors.
FischTank PR knows sustainability PR, from clean technologies to data-driven softwares to green building and more, working with leading brands to promote the emerging projects. Here are some highlights of sustainability companies raising capital this week:
Plenty secures $400MM in investments – Produce Blue Book
“Plenty Unlimited Inc., an indoor, vertical farming technology company that can grow clean produce year-round, anywhere in the world, today announced it has secured $400 million in a Series E financing round, the largest investment to date for an indoor farming company.
The round, led by new investors One Madison Group and JS Capital, includes participation from strategic partner Walmart and existing investor SoftBank Vision Fund 1. The funds will support Plenty’s growth strategy, including leveraging its technology platform to sell multi-crop farms directly to partners. At closing of the investment, representatives of both One Madison Group and Walmart will join Plenty’s Board of Directors.”
Geothermal startup Quaise raises $40M for ultra-deep drilling – Canary Media
“Quaise Energy, a geothermal startup with MIT origins, says it has found a way to unleash the earth’s hardest-to-reach heat resources: by drilling down using high-frequency beams to melt and vaporize rocks. Now, the company will have a shot at deploying its technology in the field.
On Tuesday, Quaise closed a $40 million Series A financing round led by Safar Partners and including Prelude Ventures, The Engine and other investors. The funding will allow the startup to double its engineering team to 40 people and begin scaling its advanced drilling system from laboratory experiments to real-world demonstrations.”
European funds back 40MW Kenyan solar field – pv magazine
“The Emerging Africa Infrastructure Fund (EAIF) financed by the governments of the U.K., the Netherlands, Switzerland, and Sweden has provided a $35 million, 15-year loan towards the $87 million cost of a 40MW solar project planned in Kenya.
The EAIF, which borrows from public and private lenders to on-lend finance for renewables projects in Africa, distributed the first installment of the loan, via South Africa’s Standard Bank Group, in late December.”
BasiGo secures $4.3 million in seed funding to accelerate mass transit EV adoption in Kenya – TechCrunch
“Kenya-based EV startup BasiGo has closed $4.3 million in seed funding, three months after setting up operations in East Africa’s biggest economy, to provide clean-energy mass transit vehicles in a country that is heavily-reliant on fossil-fuel buses.
The startup said it will use the new funding to set up an assembly plant in Nairobi and launch the sales and delivery of its electric buses. Already, BasiGo has set up a charging and servicing depot adjacent to the country’s main airport, the Jomo Kenyatta International Airport, in the capital, Nairobi. It has also imported two electric buses for the pilot program.”
Novi Connect Raises $40M to Drive Sustainability – PYMNTS.com
“Novi Connect, a business-to-business (B2B) marketplace for sustainable, innovative ingredients and packaging, raised $40 million in a funding round led by Tiger Global. The round also saw participation from Defy.vc and Greylock, and the new funding brings Novi’s total investments to more than $51 million.”
“The startup experienced 9x growth in consumer brands last year, according to the release, and has worked with brands such as Smashbox, Seventh Generation, Unilever and more, all seeking to meet consumer demand for sustainable products.”
Sustainability brands needing PR?
FischTank PR helps sustainability brands and companies raise their profile via media relations and broader PR services. If your brand is raising capital or requires media exposure, please email [email protected] to discuss.
