IMM Investment Global (IMMG) has launched the second vehicle in its clean energy fund series, while Korean digital freight forwarder Portlogics has raised $1.6 million in pre-Series A funding.
IMM Investment Global launches second clean energy fund
IMM Investment Global (IMMG), a South Korea-based alternative asset manager, has launched IMM Global Renewables Fund II, the second vehicle in its clean energy fund series. The fund will focus on supporting the transition to clean energy. IMMG fundraised from its Asian investor base for the fund, according to a statement.
The vehicle recently invested in Peregrine Energy Solutions, a multi-technology clean energy platform with a focus on utility-scale energy storage. This marks IMM’s first global expansion in greenfield battery energy storage systems.
Korea’s Portlogics raises funds
Portlogics, an AI-based digital freight forwarder whose software helps merchants track international shipping, has raised $1.6 million (2 billion won) in its pre-Series A financing round from K2G Fund and strategic investor GS Global, part of the GS Holdings conglomerate, TechCrunch reported.
The Korean company will use the funds to further develop its platform, including hiring additional employees.