Rigel Capital has led the Series A extension funding for Saltmine, while EAAIF has invested $20 million in a sustainable aviation fuel facility in Pakistan.
Rigel Capital leads Saltmine’s Series A+ round
Singapore-based venture capital firm Rigel Capital has anchored the Series A extension round for Saltmine, an enterprises platform for workplaces, according to an announcement.
The investment adds to the $20 million that Saltmine raised earlier in its Series A funding round, which was backed by Jungle Ventures, DivcoWest, and JLL Spark.
Saltmine, founded in 2017 by Singapore-based Shagufta Anurag, provides a platform for companies to create spaces for employees. It digitises and streamlines the office design process, thus reducing real estate and design project costs.
Sebastian Togelang, managing partner at Rigel Capital, said Saltmine’s platform has become essential in addressing the need for efficient and sustainable workplace solutions.
EAAIF invests $20m in Pak aviation fuel facility
The Emerging Africa & Asia Infrastructure Fund (EAAIF) has invested $20 million in a Pakistani sustainable aviation fuel (SAF) facility, according to an announcement.
The debt investment marks EAAIF’s first investment in the region as the fund expands into Asia and identifies high-impact projects to drive climate action.
EAAIF is part of the Private Infrastructure Development Group (PIDG) and managed by impact investor Ninety One. Its committed loan portfolio is $1.35 billion invested in 20 countries and across 10 sectors.
The SAF facility will have a feedstock processing capacity of 200,000 tonnes and will deliver 145,000 tonnes of SAF per annum. It will convert feedstock into clean fuel.
The EAAIF is a blended finance vehicle that raises and deploys public and private debt capital to transformative infrastructure projects across Africa, the Levant, and South and Southeast Asia.
