FWP Market Update — April 19, 2021
Market Update
The team at Flat World have spent a lot of time in the last several weeks reviewing a disparate range of investments — a financial inclusion fund in emerging markets, a forest fund located in New Zealand, and a company that uses robots to wash dishes. It’s safe to say that there is no realm of investment activity off limits to impact investing! While we continue to review dozens of investments every month, we’re currently going deep on a fund taking on diversity/inclusion issues in venture funding, a fund financing workforce housing at scale, and a construction/real estate venture fund bringing environmental and social innovation to real estate, a sector that’s both low-tech and high-carbon.
Please reach out to info@aflatworld.com for more details and exploration of investing across our broad range of impact opportunities.
Investment Highlights
BYJU’S Investment:
FWP is happy to announce an investment in BYJU’S, the leading education technology company in India that offers math and science content for students in grades 4–12 and test prep materials for competitive exams such as the JEE, NEET, CAT, IAS, GRE and GMAT. The company has also partnered with Disney to launch a co-branded product to also serve students in Pre-K through 3rd grade.
With over 80 million active learners on the platform, BYJU’S is delivering quality education at scale and is using the most recent funding for international expansion. FWP participated in the co-investment opportunity through the Owl Ventures SPV, an EdTech venture capital firm we underwrote in 2020.
Cue for Schools:
Portfolio company, Cue Health, recently launched “Cue for Schools”, a COVID-19 on-site testing solution for K-12 schools and universities that use the Cue Health Monitoring System and the Cue COVID-19 Test for Home and Over The Counter (OTC) Use. As part of the program, schools will receive customized on-site or virtual support for their testing startup on the Cue Health platform, as well as assistance with automatic data reporting which is often the biggest hurdle for schools and school districts looking to implement large scale COVID-19 testing.
If you want to learn more please feel free to reach out to Derek Brooks, [dbrooks@flatworldpartners.com].
Impact News
What Happens When an Oil Giant Walks Away?
British Petroleum sold all $5.6 billion of its oil assets in Alaska in its first large scale effort to transform the company into an emissions-neutral business by 2050. It turns out that while a valiant effort, there have emerged some unforeseen consequences that now have many Alaskan lawmakers, as well as carbon reduction enthusiasts around the world, wishing BP hadn’t left at all.
Upcoming Events
NEXT NORMAL NOW: RE-IMAGINING CAPITALISM FOR OUR FUTURE
Tuesday, April 20th, 2021
9am — 11:45am ET | Zoom
The GIIN is igniting a conversation around re-imagining capitalism and inviting you to join this year’s signature series of events, Next Normal Now.
Engage with leaders who are disrupting the status quo and innovators who are pushing our economic future not just toward a new normal, but toward the next normal beyond that.
Be a part of this incredible journey as leaders, innovators, investors, and global citizens explore a new vision for our economic future that puts you ahead of the curve. This series will offer vital insights for attendees at any stage of the ‘next normal’ journey and provide inspiration from visionaries painting a picture of their next normal. For impact investors looking for practical tools, new ideas, and conversations around innovative new investments, as well as the impact curious who are eager to learn about how money can do more than just make more money, this is the place for you.
RSVP here to receive your zoom registration details.
About Us
Flat World Partners is an impact investment advisory firm that builds competitive, values-aligned portfolios for family offices, multi-family offices, foundations and other institutional investors. A leader in sustainable investing across asset classes, we have deep knowledge of the market and have relationships with top-performing managers and entrepreneurs. FWP can evaluate and optimize investment portfolios for impact including carbon, diversity and other sustainability metrics. We work in a custom fashion to meet the needs of our clients and find the right solutions for their impact goals.
Please feel free to reach out to fwp@aflatworld.com should you have any questions, comments, or just want to connect! We look forward to hearing from you!
Communications from Flat World Partners are intended solely for informational purposes, and should not be construed as investment/trading advice and are not meant to be a solicitation or recommendation to buy, sell, or hold any securities mentioned. Any such offer or solicitation can only be made by means of the delivery of a Confidential Private Placement Memorandum, which contains a description of the significant risks involved in such an investment. All figures are estimated and unaudited unless otherwise noted. Past performance is not necessarily indicative of future results.
Flat World Partners is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority or any state securities regulatory authority. At present, Flat World Partners is exempt from registration as an investment adviser in the state of New York.
