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Hello reader,
Do you feel that environmental, social, and governance (ESG) topics have taken a backseat in recent months? I don’t know about you, but I feel like I haven’t heard much about these things in 2023.
I guess it’s not unexpected, given the current economic climate – people are focusing on their bottom lines, and unfortunately, ESG matters have been put on the back burner by many businesses as they work to keep the lights on.
In the face of this, I’m pretty glad that this week’s biggest deal is a greentech firm that’s working on clean energy. It’s great that people are still keen on backing companies in this space, and that there are opportunities for firms tackling ESG issues to do good and do well.
Image credit: Timmy Loen
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
The biggest deals by country
🇮🇳 Greenko Group works to replace fossil fuels with integrated decarbonized energy and grid assets, enabling sustainable and affordable energy. Hailing from India, the firm raised US$700 million in a late-stage round from the Abu Dhabi Investment Authority, Government of Singapore Investment Corporation, and Orix Capital Corporation.
🇯🇵 Quantit, a South Korean fintech firm, offers an AI-powered robo-advisor platform for the investment of traditional assets and cryptocurrency. The company banked US$21 million in series B money from Smilegate Holdings.
🇨🇳 INWTTEC supplies the core material for making OLED display panels. The China-based firm took home US$14.7 million in a strategic investment from Triniti Capital.
🇦🇪 Square Yards is a tech-enabled transaction and aggregator platform for global real estate. Based in the United Arab Emirates, the firm secured US$13.6 million in a bridge round. The investors in the deal were not disclosed.
M&As
Startups that are raising funds
Killer pitch decks
Exclusive listicles
Thoughtful reads
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