Top 20 Impact Investing VCs in Europe in 2025: Investment Focus, Funding, and Notable Portfolio Companies
Impact investing has become a cornerstone of Europe’s venture capital landscape, with investors increasingly prioritizing both financial returns and measurable social or environmental impact.
In 2025, the European impact investing market has reached a record €190 billion, driven by institutional investors and a growing focus on sustainability and innovation 814.
Below is a curated list of the top 20 impact investing VCs in Europe, detailing their investment focus, funding amounts, and notable portfolio companies.
In 2025, the European impact investing market has reached a record €190 billion, driven by institutional investors and a growing focus on sustainability and innovation 814.
Below is a curated list of the top 20 impact investing VCs in Europe, detailing their investment focus, funding amounts, and notable portfolio companies.
1. Bpifrance
- Investment Focus: Software, IT, healthcare, and clean energy.
- Funding: Manages over €20 billion in assets.
- Notable Portfolio: Dfns (crypto custody), Biolevate (AI-enhanced healthcare), Orakl Oncology (cancer research).
- Website: Bpifrance
2. Aster Capital
- Investment Focus: Mobility, energy, and industrial tech.
- Funding: Invests €1-10 million in early-stage startups.
- Notable Portfolio: Otoqi (vehicle delivery), Neural Concept (AI for engineering), LevelTen Energy (renewable energy).
- Website: Aster Capital
3. High-Tech Gründerfonds (HTGF)
- Investment Focus: Digital tech, industrial tech, and life sciences.
- Funding: Manages €1.4 billion across four funds.
- Notable Portfolio: IonKraft (recyclable materials), Sedivention (medical tech), SRTD Biotech (RNA-based therapies).
- Website: HTGF
4. Speedinvest
- Investment Focus: Fintech, digital health, and industrial tech.
- Funding: Over €1 billion in assets under management.
- Notable Portfolio: Tranched (fintech securitization), Firsty (free global data), Orakl Oncology (cancer research).
- Website: Speedinvest
5. Par Equity
- Investment Focus: Software, IT, and cleantech.
- Funding: Invests €2-10 million per round.
- Notable Portfolio: Artus (energy-efficient HVAC), iGii (graphene tech), Nova Pangaea Technologies (cleantech).
- Website: Par Equity
6. SOSV
- Investment Focus: Biotech, health tech, and sustainability.
- Funding: Invests $500,000 at inception, with follow-on funding.
- Notable Portfolio: MixRift (mixed reality), unspun (sustainable fashion), Mesa Quantum (quantum sensing).
- Website: SOSV
7. Demeter
- Investment Focus: Renewable energy, manufacturing, and IT.
- Funding: Invests €500,000 to €30 million.
- Notable Portfolio: Nutriearth (biotech), Pony (urban bike hire), Sirfull Technology (industrial solutions).
- Website: Demeter
8. Scottish Enterprise
- Investment Focus: Biotech, software, and healthcare.
- Funding: Provides grants and equity investments.
- Notable Portfolio: MiAlgae (sustainable livestock feed), Biotangents (veterinary diagnostics), Solasta Bio (crop protection).
- Website: Scottish Enterprise
9. Northzone
- Investment Focus: Climate tech, fintech, and AI.
- Funding: Invests €1-20 million across stages.
- Notable Portfolio: Spotify, Trustpilot, Qapital.
- Website: Northzone
10. Seedcamp
- Investment Focus: Early-stage SaaS, fintech, and AI.
- Funding: Typically invests €500,000 in seed rounds.
- Notable Portfolio: Wise, Revolut, UiPath.
- Website: Seedcamp
11. Creandum
- Investment Focus: SaaS, fintech, and consumer tech.
- Funding: Invests €1-10 million in seed and Series A rounds.
- Notable Portfolio: Spotify, iZettle, Klarna.
- Website: Creandum
12. LocalGlobe
- Investment Focus: SaaS, fintech, and AI.
- Funding: Invests €500,000 to €5 million.
- Notable Portfolio: TransferWise, Zoopla, Improbable.
- Website: LocalGlobe
13. Frontline Ventures
- Investment Focus: B2B SaaS with international ambitions.
- Funding: Invests €1-10 million in seed to Series A rounds.
- Notable Portfolio: Logentries, Barricade, Workvivo.
- Website: Frontline Ventures
14. Mosaic Ventures
- Investment Focus: SaaS, AI, and deep tech.
- Funding: Invests €1-10 million in seed and Series A rounds.
- Notable Portfolio: Tray.io, Guidebook, Signal AI.
- Website: Mosaic Ventures
15. Idinvest Partners
- Investment Focus: SaaS, fintech, and digital health.
- Funding: Invests €1-20 million in seed to Series B rounds.
- Notable Portfolio: Talend, Synthesio, Doctolib.
- Website: Idinvest Partners
16. Runa Capital
- Investment Focus: SaaS, AI, and cloud solutions.
- Funding: Invests €500,000 to €5 million.
- Notable Portfolio: Nginx, Zopa, Drift.
- Website: Runa Capital
17. Alven Capital
- Investment Focus: SaaS, AI, and cybersecurity.
- Funding: Invests €1-10 million in seed and Series A rounds.
- Notable Portfolio: PeopleDoc, Concord, Algolia.
- Website: Alven Capital
18. Ventech
- Investment Focus: SaaS, fintech, and digital health.
- Funding: Invests €1-15 million in seed to Series B rounds.
- Notable Portfolio: Augure, Albacross, Talend.
- Website: Ventech
19. Dawn Capital
- Investment Focus: Enterprise SaaS and fintech.
- Funding: Invests €5-20 million in Series A and B rounds.
- Notable Portfolio: Mimecast, iZettle, Collibra.
- Website: Dawn Capital
20. Partech
- Investment Focus: SaaS, fintech, and AI.
- Funding: Invests €1-50 million across stages.
- Notable Portfolio: Alan, Made.com, ManoMano.
- Website: Partech
These VCs are at the forefront of Europe’s impact investing ecosystem, driving innovation and sustainability across industries.
For more details, visit their official websites linked above.
For more details, visit their official websites linked above.
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