Sometimes one bottom line is not enough. Many investors are no longer satisfied simply by turning a profit. More and more also want their investments to generate a positive impact in the world.
Global Government Venturing over the past five years has followed the increasing engagement of sovereign wealth funds and states in the innovation capital ecosystem.
Alphabet-backed vegan burger producer Impossible will use the funding, secured at a $2bn valuation, to increase production capacity.
Bloomberg has backed Unshackled Ventures, which facilitates the launch of companies by migrants and immigrants in the US, helping it reach a $20m close for its second fund.
Ola's electric vehicle-focused spinoff has added an undisclosed amount to the $56m in series A funding the company received in March.
General Mills-backed meat substitute developer Beyond Meat priced its shares at the top of an expanded range, but Tyson Foods had already sold its stake.
AgFunder plans to establish an accelerator in Southeast Asia in addition to two corporate venturing funds to invest in the participants.
Corteva Agriscience, ADM, Elanco, Ecolab, Griffith Foods, RD Offutt, Growmark, Koch Ag & Energy, Smithfield Foods and Sumitomo Chemical America all backed the VC firm's latest fund.