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New Impact Funds in Europe in 2024
- Several new impact funds were launched in Europe in 2024, targeting a range of sectors from climate tech to healthtech and sustainable food production.
- Key funds include Impact Shakers Ventures with a €20 million fund supporting diverse founders in Europe, Resolve Ventures' €30 million Climate Impact Fund in Ireland, and Carbon13's UK-based fund with a target size of €30 million.
- Blue Earth Capital's $378 million equity climate impact strategy and Giant Ventures' $250 million multi-stage fund for purpose-driven technology founders were also noteworthy launches.
- Other funds like Future Energy Ventures' €250 million fund focusing on energy transition and decarbonization and the €500 million Decarbonisation Infrastructure Fund II by White Summit Capital also made significant impacts.
- Specialized funds like Future Food Fund for agrifoodtech, Bramble Partners' focus on sustainable food production, and Carbon Equity's €100 million Climate Tech Portfolio Fund II for climate solutions were distinctive in their mandates.
- Furthermore, funds like Ada Ventures Fund II in the UK, Greensphere Capital's Gaia Sciences Innovation Fund, and Norrsken VC's €320 million fund for climate tech stood out for their unique focus areas and substantial fund sizes.
- Debt funds like Eiffel Investment Group's European impact debt funds and the €400 million Fondo de Impacto Social in Spain for social impact projects showcased the diversity in impact investment strategies.
- Noteworthy launches also included funds targeting forestry, consumer businesses, and underserved sectors like the Global Gender-Smart Fund and Venturesome Impact Fund as part of efforts to address social inequalities and environmental challenges.
- Overall, the article highlights the growing trend of impact investing in various sectors across Europe, reflecting a shift towards sustainable and socially responsible investments.
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