Dutch early-stage venture capital firm 4impact has raised €68 million ($73 million) in a second fund (Fund II) intended to support digital startups that accelerate the sustainability transition.
After successfully closing its first fund back in 2019, 4impact organized the second fund that will serve to stimulate the work of digital and sustainability ventures in northwestern Europe focused on providing scalable solutions to global challenges and delivering solid financial returns.
After its first closing in 2023, Fund II has supported six trailblazing companies, including high-quality, durable carbon removal credits provider Carbonfuture, Coolgradient and their solution for optimizing water and energy demand in data centers, and cleantech company Deftpower, focused on leveraging EV batteries to address power grid fluctuations.
Besides the support provided by its founders, Fund II has also received backing from industry leaders and visionary and institutional investors who recognize its importance, including Invest-NL, the European Investment Fund and Oost NL, and the Netherlands Enterprise Agency.
With a team that combines accumulated knowledge and experience from Goldman Sachs, the Future Fit Foundation, Mubadala, Redkiwi, Hayfin, and Citi, Fund II also leverages its expert network of seven venture partners across Europe and the US to drive change in the sustainability sphere.
Relevant: Carbonfuture Secures Series A Funding To Revolutionize Carbon Removal Market
Pauline Wink, a founding partner at 4impact, commented, “What drives us is the opportunity to catalyze positive change, and we are excited to help shape the businesses of the future.”
Sharing the same sentiment, founding member Ali Najafbagy added, “Our tech focus areas are remote sensing, AI and big data, and emerging technologies such as blockchain. Through these digital technologies, we can help solve parts of the labor shortage and contribute to a sustainable and competitive Europe and beyond.”
Read more: Venture Climate Alliance Launched By Major VC Firms To Tackle Emissions
