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.

Dutch based venture capital fund 4impact, focusing on innovative digital and sustainability ventures, has successfully closed its second fund (Fund II) at a final total of € 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 a total of € 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 gerneally 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 succesful Series A funding round led by Six, the Swiss Stock Exchange.

“Europe has an innovation financing gap, meaning that we have to do all we can to support innovative small businesses, so that they can stay and grow in Europe.” says Marjut Falkstedt, Chief Executive of the European Investment Fund. “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 a complementary and diverse team committed to working closely with our portfolio companies. We don’t just invest - we partner with them, providing the support needed to fuel their growth and success. What drives us is the opportunity to catalyse positive change, and we are excited to help shape the businesses of the future,” added 4impact founding partner Pauline Wink.