EIF and Invest-NL sign support to close 4impact capital’s €68 million Fund II

• The European Investment Fund and Dutch national promotional institution Invest-NL have invested in the second fund of 4impact capital, which closed at €68 million.
• The fund will target early-stage digital companies across north-western Europe, aiming to create societal and environmental impact.
• The EIF’s investment is backed under the InvestEU initiative of the European Commission.

Luxembourg/Brussels/Amsterdam - Dutch based venture capital fund 4impact, focusing on innovative digital and sustainability ventures, has successfully closed its second fund (Fund II) at €68 million with support of both the European Investment Fund (EIF) and Dutch national promotional institution Invest-NL. The EIF invested €17,5 million in the fund, with an additional €7,5 million coming from Invest-NL, with both partners being instrumental in bringing about the final close of the fund at €68 million. The commitment of the EIF and Invest-NL is pertaining to the Dutch Future Fund II, in which both are partners.

4impact capital’s fund aims to invest in around 25 innovative software companies, mainly in the climate technology field, and partially in companies focusing on inclusion, health and well-being. The fund aims to do at least 20% of its investments in the Netherlands, but will generally target the Benelux, DACH and Nordic regions.

Since its first closing in 2023, Fund II has backed six transformative ventures. Notable examples are Coolgradient, which optimizes energy and water consumption in data centers, Deftpower is advancing its mission to leverage EV batteries to address grid imbalances while Carbonfuture, the world’s leading provider of high quality durable carbon removal credits, recently secured a successful Series A funding round led by Six, the Swiss Stock Exchange.

“In tackling the innovation financing gap, we have to do all we can to support innovative small businesses, so that they can both start-up in Europe but also stay and grow in Europe.” says Marjut Falkstedt, Chief Executive of the EIF. “4impact capital’s mission to empower startups with transformative potential aligns with this EIF objective to support innovation while generating social and environmental value. Funds like these have the potential to make a significant impact on Europe’s sustainable future.”

Jellie Banga, Member of the Executive Board of Invest-NL, stated: "Invest-NL's additional investment in 4impact, as part of the Dutch Future Fund initiative, highlights our strong partnership with the EIF. Our combined ticket resulted in a successful final closing, providing increased capital to support impactful ventures."

“We are grateful for the support of EIF and Invest-NL as well as all of our other existing and new investors. What drives us is the opportunity to catalyse a sustainable world, and we are excited to help shape the businesses of the future. With our complementary and diverse team we are committed to working closely with our portfolio companies, to provide the support needed to fuel their growth and success,” added 4impact founding partner Pauline Wink.

Background information:

The European Investment Fund is part of the European Investment Bank Group. Its central mission is to support Europe's micro, small and medium-sized enterprises (SMEs) by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, the EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investment for EU policy priorities, such as the European Green Deal and the digital transition. InvestEU brings together under one roof the multitude of EU financial instruments previously available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is deployed through implementing partners who will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

Invest-NL is the National Financing and Development Institution of the Netherlands. As a leading impact investor, its mission is to provide financing to companies and innovations that currently do not have sufficient access to existing financing options. Invest-NL works together with various stakeholders, including entrepreneurs, other financiers and investors, and development specialists from both the public and private sector. Together with its partners, Invest-NL’s objective is to accelerate the major social transitions that the Netherlands is facing in order to contribute to a sustainable and innovative Netherlands. Invest-NL focuses on the transition to a sustainable and circular economy, promoting affordable and accessible healthcare and stimulating technological innovations.

4impact capital is a prominent early-stage impact investor in European digital startups. 4impact capital supports passionate and ambitious founders dedicated to advancing sustainability and creating measurable change, aligned with the Sustainable Development Goals (SDGs), particularly in the areas of Planet and People. Currently, 4impact capital is investing from its second fund with the goal to invest in the Seed/Series A phase of around 25 companies that capitalize on the massive opportunity at the intersection of digitization and sustainability in Europe, focusing on the Benelux, DACH, and Nordics regions.

Press contacts:

EIB Group: Tim Smit | +352 691 28 64 23 | t.smit@eib.org

European Commission: Ignazio Cocchiere | +32 2 29 82261 | ignazio.cocchiere@ec.europa.eu

Invest-NL: Wander van der Kolk | +31 641 880 440 | wander.vanderkolk@invest-nl.nl

4impact capital: Ali Najafbagy | +31 631 341 468 | ali@4impact.vc