Our ultimate mission is to drive more capital to positive impact initiatives by proving that impact leads to superior returns.
We are a proud Article 9 or "Dark Green" fund. This means we are a pure impact fund, only making sustainable investments. We're founder friendly, ensuring our startups have the guidance, tooling, expertise and tooling needed to achieve the Impact goals.
By having a positive impact on top of mind and in actual measurable goals integrated into your business model, you’ll generate both profit and change.
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*Amount needed to fully finance the SDGs, according to the UN.
Enable more entrepreneurs solving global challenges
Inspire more
Impact VCs
more capital invested in impact as an asset class
*Amount needed to fully finance the SDGs, according to the UN
Evaluate the company’s impact vision
Check alignment with our impact definition
Check alignment with at least one impact category and UN SDGs
Check that the investment doesn't fall within one of the prohibited sectors in our Investment Policy
Evaluate impact potential using our Impact Assessment Framework
Request and analyse relevant impact data including a Sustainability Questionnaire defining impact and ESG risks
Test impact hypothesis with industry experts and stakeholders
Run an Impact Workshop together with the company to define impact and risks
Select impact KPIs and set targets, to be approved by our Advisory Committee
Commitment to impact and sustainability is included in the Shareholders Agreement
Track impact KPIs on a quarterly basis and ESG risks, policies etc on an annual basis
Compile impact data across the portfolio into annual impact report
Measure progress towards impact targets on an annual basis
Compliance with our Responsible Investment Policy is reviewed annually
We are entitled to up to 20% carried interest above a 1.25x preferred return subject to achieving at least 60% of the impact targets. That means our financial remuneration is linked to the company’s impact!
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How to measure impact is a hotly debated topic. When we started out, we talked to the key thought leaders and reviewed the existing best practices and frameworks. There is no one gold standard, especially when you are dealing with very early-stage start-ups that have limited resources and constantly evolving business models, so we’ve taken the best of what we could find and adopted it to the needs of early-stage start-ups.
Is our impact measurement method perfect? No. Are we at least directionally right? We think so. We are constantly learning and evolving, but one thing we know for sure - you have to start somewhere. Feel free to use and share our templates. Do you think we can do it even better? We want to hear from you!
We don’t think you need to sacrifice profit to make an impact. When impact is baked into your business model, if you achieve financial success, you’ve almost certainly created a lot of impact too. So we’re looking for companies that, if successful, will become unicorns.
How do you know if you run an impact company? Well, do the three statements below apply to you?
> We address one of the biggest challenges of our time
> For every unit we sell, there is a unit of impact
> If we remove the impact, we remove the business
If yes, congrats, then you are our kind of impact company!
We believe that we should walk the talk if we demand our portfolio companies to have impact at the core of their business models. Therefore, our carried interest (financial returns) won't be accessible to us if we are not reaching the impact KPIs we have set up together with the portfolio companies, and approved by our Limited Partners.
We believe in radical transparency and an open source approach. So, we're releasing our Impact and SFDR toolbox – in it's entirety – for other VCs and investors to use. We hope to start the conversation and learn from our peers in return.
Our self-made framework is the backbone of our investment strategy, allowing us to do all that we can to ensure we are complying with EU guidelines, and in turn backing future Impact Unicorns – companies with at least a $1 billion dollar valuation, and the ability to positively impact one billion lives.