Welcome to our 2024 Impact Report – a look at what our portfolio companies have done to move the needle. This year’s edition highlights the grit, progress and potential of impact startups in a world that feels anything but predictable. It’s a snapshot of where we are, what we’ve learned, and why we believe the case for impact has never been stronger.
A Quick Snapshot
2024 wasn’t smooth sailing. But despite headwinds, our portfolio continued to deliver impact:
- 125% of annual impact targets reached (NVC Fund II)
- 230% of long-term targets hit (NVC Fund I)
- €5.7B in capital raised
- 304 new jobs created in a tough tech market
- 57% of investments now EU Taxonomy aligned
- 3x higher female board representation than the European startup average
Massive kudos to our companies for driving change through it all!
What We’re Learning
Impact reporting shouldn’t feel like a burden. When done right, it becomes a way to build stronger, more transparent businesses. That’s why we asked our companies where reporting risks becoming a blocker, so we know where to help them.
Here are the top areas where they want support the most:
- CO₂ footprint estimation
- ESG risk identification
- Key policy adoption
The Tools We’re Sharing
Based on the most common pain points, we’ve open-sourced our full suite of impact reporting tools – templates, frameworks, step-by-step guides. All free to use, whether you’re in our portfolio or not.
Browse all tools here
Why We’re Still Betting on Impact
Even with the macro chaos, impact companies are where the real solutions are happening. They are built for today’s biggest challenges. They’re tackling climate, yes, but also inflation, energy insecurity, fragile supply chains, and the urgent need for resilience. They do more with less. And the planet, the people, and the economy demand these technologies now more than ever.That’s why the investment case has never been stronger.
To every founder, LP, teammate, and partner who shares this conviction with us: thank you.
