Top 20 Impact Investing VCs in Europe in 2025

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.

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

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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

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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.