Energy Capital Partners has acquired the U.K.-based recycling company Biffa for $2.6B. Biffa serves over 2 million households. More: - Energy Capital Partners is an investment company specializing in renewable energy, electricity storage, production, etc.
- Since being founded in 2005, the firm has had $27B in committed capital.
- The New Jersey-based company has 68 employees.
- Biffa is an integrated waste management company that deals with every aspect of the process, from recycling, treatment, energy generation, collection, and disposal, to surplus redistribution.
- The company treats around 8 million tons of waste annually.
- Biffa has been active for over 100 years and has nearly 10,000 employees.
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General Motors has invested $650M in lithium extraction company Lithium Americas to support its EV ambitions. GM claims this is the largest investment in EV raw materials technology to date. More: - GM expects that it will have over $50B in revenue by 2025 from EV sales, a goal that requires access to lithium batteries.
- Lithium Americas estimates the lithium extracted and processed from its production can help manufacture up to 1 million EVs per year.
- The company expects its main project, the Thacker Pass mining operation in Nevada, to create 1,000 jobs in construction and 500 in operations.
- Lithium Americas is active in the U.S. and Argentina.
- The investment is pending approval from a U.S. court and is also contingent on Lithium Americans separating its U.S. and Argentina business divisions.
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MNT-Halan has raised $400M to offer microloans and buy-now-pay-later features for Egypt and the MENA region. The company has now reached a $1B valuation. More: - MNT-Halan has 5 million users, of which 2 million have borrowed using the company's microloans platform.
- The company offers features such as:
- Small and medium-sized business lending (up to $6,600), which clients receive in three working days,
- Buy-now-pay-later,
- Nano loans (up to $66),
- Light vehicle financing, and
- Payroll lending for up to 80% of an employee's salary.
- Chimera Abu Dhabi led the funding round with a $200M investment in exchange for $20% equity.
- The company is headquartered in Cairo, Egypt.
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Japan's largest bank, Mitsubishi UFJ Financial Group, has raised $100M to invest in Indonesian startups. The bank has invested $307.5B in startups in less than four years. More: - The fund will be officially called MUFG Innovation Partners Garuda No.1 Limited Investment Partnership.
- MUFG will focus on companies compatible with Danamon, a commercial bank that it acquired in 2019.
- The company has invested in startups such as Akulaku, Hojojo, Gaudiy, Nudge, etc.
- Mitsubishi UFJ Financial Group is the largest bank in Japan by market cap, with a value of $94B.
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💵 Today's funding: Hardware - Fairphone (Netherlands), manufactures a smartphone that is made of sustainably-sourced materials: $53.4M led by Invest-NL, Regenero Impact Fund, DALHAP, DOEN Participaties, and PDENH.
- LuxWall (Michigan), uses vacuum insulation technology to reduce conduction, convection, radiative heat gain, and energy loss in windows: $33M A funding led by 2150, with participation from Khosla Ventures, Breakthrough Energy Ventures, and Prelude Ventures.
Fintech - Lulalend (South Africa), provides short-term loans to small and medium-sized businesses: $35M B led by Lightrock, with participation from DEG, Triodos Investment Management, Women's World Banking, The International Finance Corporation, and Quona Capital.
- Sunstone Credit (Maryland), provides capital for companies that want to deploy solar panels for power generation: $20M A led by Greenbacker Capital Management LLC with participation from Earthshot Ventures, Grotech Ventures, Cross River Digital Ventures, and Forbright Bank.
Real estate tech -
Freemodel (California), a home renovation platform that renovates homes for homeowners who pay the company back later: $19.5M A led by QED Investors, with participation from LL Funds, RWT Horizons, FJ Labs, 1984 Ventures, 1Sharpe Ventures, and Crossbeam Venture Partners. Health care tech - Syntach (Sweden), develops innovative cardiac support systems: $19.5M Growth led by the European Innovation Council.
SaaS - RocketRez (Canada), provides a ticketing and business operations software platform: $15M B led by Level Equity.
- Cleary (California), provides a platform that helps improve efficiency in distributed teams: $7.5M Seed led by Moonshots Capital, with participation from Liberty City Ventures, Crosslink Capital, Seachange Fund, and Quiet Capital.
Supply Chain - Optilogic (Michigan), provides supply chain software that enables companies to calculate different risk factors: $13M Growth led by MK Capital.
Cybersecurity -
Guardz (Israel), offers small businesses access to an all-in-one cybersecurity suite: $10M Seed led by Hanaco Ventures with participation from iAngels, GKFF Ventures, and Cyverse Capital. Esports/gaming - Nexus (Texas), makes it easier for game development studios to offer live-streaming monetization tools in their games: $10M Growth led by Griffin Gaming Partners, with participation from Sony Innovation Fund, Valhalla Ventures, Pace Capital, and S3 Ventures.
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Quick Hits - This year, try a resolution that sticks — going to therapy with BetterHelp. Save 25% off your first month.*
- Levels, a New York-based company that provides real-time data on how food affects health, has raised $7M in a Series A extension round led by TriplePoint Capital.
- Dalia (New York), a recruitment marketing automation platform that aims to help companies improve their hiring process: $5M A led by Lewis & Clark Ventures with participation from the family office of Paul Forster, SaaS Ventures, FJ Labs, and Remarkable Ventures.
- Switzerland-based Squid, a routing protocol that enables any token to be swapped between different blockchains, has raised a $3.5M Seed funding round led by North Island Ventures with participation from Distributed Global, Fabric Ventures, Galileo, Chapter One, Node Capital, and angel investors.
- Haelistic (U.K.), an online pharmacy delivery service, raised a $1.2M Pre-Seed round led by undisclosed investors.
- Automation is your finance team's best productivity strategy. See five finance tasks you should be automating today.*
*This is sponsored content.
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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