Original Link: https://thegoodaipod.substack.com/p/101920-102520-weekly-digest-4

📅 [10/19/20-10/25/20] DWDG Weekly Digest #4

Oct 26, 2020

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Happy Monday! Welcome to the latest weekly digest in Doing Well by Doing Good, where we’ll catch you up with the latest news, funding rounds, and job opportunities. Enjoy 😀

DWDG News

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DWDG Fundings

Chiper , a two-year-old, Colombia-based e-commerce platform for independent merchants, raised $12 million in Series A funding from Wind Ventures , Monashees , and Kaszek Ventures. [Crunchbase Report]

_ Doing Good : Chipper enables small independent store owners to scale their businesses through a no-code alternative and become more profitable (especially now, in a time where it is becoming exceedingly difficult). _

ShopUp , a four-year-old, Dhaka, Bangladesh-based startup aiming to digitize millions of neighborhood stores in the country, has raised $22.5 mi ll i o nin S er i es A f u n d in g co - l e d b y * * S e q u o ia C a p i t a l I n d ia * * an d * * Fl o u r i s hV e n t u res * * . I t^{'} s t h e f i rs t b e t f or b o t h o na B an g l a d es hi s t a r t u p . * * V eo nV e n t u res * *, * * Sp ee d in v es t * *, an d * * L o n s d a l e C a p i t a l * * a l so j o in e d t h ero u n d, w hi c hb r in g s t h eco m p an y^{'} s t o t a l f u n d in g t o ab o u t$ 28 million. [TechCrunch Report]

_ Doing Good : ShopUp enables mom and pop stores in Bangladesh to run logistics, inventory, and working capital, and sales through a digital platform enabling lower costs and improving life for these store owners and their families._

Budderfly , a 13-year-old, Shelton, Ct.-based energy efficiency-as-a-service company, has raised $7.8 million in funding co-led by Edison Partners and Balance Point Capital , with additional participation from Connecticut Innovations.

_ Doing Good : Budderfly provides services to businesses to reduce their carbon footprint while also saving money. Each unit of product they provide reduces carbon emissions. _

V2food , a two-year-old, Sydney, Australia-based plant-based meat startup, has raised A $77 mi ll i o n ($ 54.3 million) in Series B funding from Goldman Sachs , Temasek , Esenagro , Huaxing Growth Capital , ABC World Asia , Altitude Partners , and Novel Investments. [Bloomberg Report]

_ Doing Good : V2food, much like Memphis Meats, Impossible Foods, and others, is looking to reduce the carbon footprint of meat production and does this with each unit sold. _

Lili , a 2.5-year-old, New York-based banking app designed for freelance workers, has raised $15 million in Series A funding led by Group 11 , with major participation from Foundation Capital , AltaIR Capital , Primary Venture Partners , Torch Capital , and Zeev Ventures. [TechCrunch Report]

_ Doing Good : Lili serves to digitize and provide a more stable predictable income stream for the freelancer market, typically a market that struggles to make a profit and is often driven by individual talent, or a small group._

Allonnia LLC. , a newly launched, Boston-based venture working to engineer microbes to get rid of pollutants in waste water and soil, has raised $40 million in Series A funding from Ginkgo Bioworks , Battelle , General Atlantic , Cascade Investment , and Viking Global Investors. According to Bloomberg, the outfit is first tackling PFAS, a class of chemicals that are widespread in U.S. drinking water and have proved resistant to breaking down. [Bloomberg Report]

_ Doing Good : With a core product focused on ridding the world of pollutants, this climate tech company is combating climate change one microbe at a time_