One of the UK’s first impact investment specialists, and once describing itself as “Europe’s leading impact investment bank”, ClearlySo went into administration at the end of 2021, owing more than £10m to creditors and shareholders.
PLUS: Covid-19 announcements you may have missed; ADB Ventures tech fund raises first $50m; EU invests €1m in Oneplanetcrowd platform; grants for UK energy innovators; and more from the world of investing for good.
Last week the UK government announced new funding to help startups survive Covid-19 – and the founder and CEO of impact investment bank ClearlySo says the approach is a 'big step in the right direction'.
PLUS: Vital Capital creates emergency debt facility for Africa businesses, Cadent Foundation launches, Oddbox secures £3m for nationwide expansion, and Brazilian startup makes ‘sensational’ exit.
PLUS: US philanthropy heavyweights back new ‘Tipping Point Fund’; new blended finance agribusiness fund makes first investment, UK universities set up responsible investment network, and more.
PLUS: Impact bond firsts in Cambodia and Palestine, Big Issue Invest backs lottery business, Bamboo Capital Partners invests in Indonesian peer-to-peer lending platform, VisionFund raises £10m for microfinance – and more.
Plus: Bridges raises £35m for second social outcomes fund, Palladium's first impact fund targets $40m for African small businesses, Scotland's first community-owned school building and impactful chocolate in Indonesia...
ClealySo, one of the UK's leading social investment intermediaries, has raised over £100m through its clients. The capital will be channeled to high impact social businesses.