📅 [11/2/20–11/8/20] Weekly Digest #6
👋🏽 Welcome to Doing Well by Doing Good, a newsletter and podcast series highlighting the companies aiming to be profitable with a purpose. Get the latest updates
Happy Post-Election Tuesday Folks! This past week has been tense and stressful for many. Here’s a dose of Doing Well by Doing Good to help reset and start your week right 😀
DWDG News
- A Health Insurance provider in New York, CDPHP, is expanding benefits to include digital-first preventative care, fitness, tele-health, and waived cost-share options to their members (including Medicaid members). [ Yahoo News Report]
- Podcast on Doing Well by Doing Good by Outcomes Rocket in Healthcare — John Perez from AVIA talks about digital transformation and making a positive impact through partnerships in the healthcare ecosystem.
DWDG Fundings
AddÉnergie, an 11-year-old, Québec City, Quebec-based startup that makes charging stations and network management software for electric vehicles, has raised the U.S. equivalent of $40 million in Series C funding. The round — comprised of both equity and debt financing — was led by Mackinnon, Bennett & Company, with participation from the Business Development Bank of Canada, Fonds de solidarité FTQ, Export Development Canada, and earlier backers. [ BetaKit Report]
- Doing Good: More charging stations and software incentivizes further usage of EVs contributing positively to a reduction in climate change.
SkyHive,, a 3.5-year-old, Vancouver, Canada- and San Francisco, Ca-based-based workforce re-skilling platform that uses data to help workers recognize their skills gaps and figure out how to fill them through various educational content engines, has raised $8 million in Series A funding. Investors included AllegisCyber Capital, Accenture, Workday Ventures, and the Partnership Fund for New York City.
- Doing Good: Skyhive’s product is focused on building skills within the workforce and focuses on retooling segments of the population most vulnerable to automation, or shifts in skill demand.
The Protein Brewery, a year-old, Netherlands-based startup that’s trying to commercialize fungi-based, allergen-free proteins to replace animal-based proteins, has raised €22 million in Series A funding led by Novo Holdings, with participation from Roquette Ventures and Unovis Asset Management. The company has now raised €26 million altogether. [ Food Navigator Report]
- Doing Good: The novel technique to replace animal protein both reduces global warming by reducing the need for factory farming as well as increases yield to provide more food to bridge the global hunger gap.
Skeleton Technologies, an 11-year-old, Tallinn, Estonia-based cleantech company that manufacturers ultracapacitor-based energy storage, just raised €41.3 million in funding from all of its earlier backers, who were joined by unnamed angel investors. Past investors in the company include Harju Elekter Group, UP Invest, and Firstfloor Capital, among others. [ EU Startups Report]
- Doing Good: Skeleton Technologies’ energy storage technologies increases adoption of intermittent alternative energy sources such as solar and wind contributing to the reduction in global warming.
Voltus, a four-year-old, San Francisco-based distributed energy resources platform, has raised $25 million in Series B funding. NGP Energy Technology Partners led the round, joined by earlier investors Prelude Ventures and Ajax Strategies. [ PV Magazine Report]
- Doing Good: Voltus’ software enables utilities to use distributed energy resources including alternative sources like solar and wind, reducing global warming.
Juggle, a nearly six-year-old, London-based online platform for companies to find, onboard, pay and manage flexible workers, has raised $2.1 million in funding from numerous angel investors, along with Oxford Capital, Social Capital and 7percent Ventures. [ TechCrunch Report]
- Doing Good: Juggle is focused on expanding access to traditionally underrepresented groups through flexible work within white collar job markets.
We’re inching closer and closer to the Thanksgiving break, so keep your head up and enjoy the week!
See you next week,
✌🏽Anand
Originally published at https://dwdg.substack.com.
