European Investment Fund

Froda is a Swedish fintech company established in 2015 with offices in Stockholm and Finland. It specializes in providing digital loans for commercial purposes, serving sectors such as restaurants, cafes, shops, lounges, and agencies. The company aims to revolutionize the banking experience for businesses by offering convenient and affordable financing solutions. Froda has helped over 50,000 businesses grow through its data-driven and digital lending platform, which enables small businesses to borrow money online without requiring asset backing. Its mission is to provide the best possible financing terms tailored to the needs of entrepreneurs and small business owners, bridging the gap between traditional banking and alternative finance options.

Genoa Instruments is an innovative startup focused on advancing biomedical and health research through advanced super-resolution optical microscopy. The company has developed a unique microscopy platform that integrates spatial and temporal super-resolution, allowing for structural and functional imaging of living samples with exceptional detail. This platform includes a plug-and-play kit for image-scanning microscopy and next-generation confocal microscopy, enabling researchers to conduct quantitative studies using fluorescence optical microscopy. Genoa Instruments aims to make high-resolution imaging more accessible, thereby fostering scientific discovery and enhancing healthcare research.

4Elements, established in 2023 and headquartered in Le Bourget-du-Lac, France, is a venture studio dedicated to fostering entrepreneurship and supporting impact-driven companies. It focuses on developing scalable, tech-based solutions to combat climate change, with a particular emphasis on low carbon mobility, clean energy, recycling, sustainable production, and decarbonized agriculture.

Fabrico is a cloud-based CMMS that manages all maintenance activities in a manufacturing facility by combining lean end-to-end maintenance methodologies. Everything required to digitalize all maintenance procedures in your plant is included in the solution. Fabrico offers preventive and reactive maintenance solutions, as well as an efficient ticketing system that allows for entire communication and compliance processes in a single plant.

HeavyFinance operates a crowdlending platform that connects farmers with retail and institutional investors, facilitating access to financing for agricultural needs. The platform enables farmers to secure mortgage loans backed by assets such as heavy machinery in the farming, forestry, and infrastructure sectors. It offers various benefits for both parties, including flexible repayment options and the opportunity for farmers to repay loans early without fees. Investors are presented with investment-backed assets and can expect double-digit returns, supported by risk reports, statistics, and project summaries that ensure transparency. By underwriting farmers and servicing loans, HeavyFinance creates a streamlined process for raising capital and investing in agricultural projects.

Patria Credit is the largest non-banking microfinance institution in Romania, headquartered in Bucharest. With over 14 years of experience, the company specializes in providing business loans to microenterprises, small companies, individual entrepreneurs, agricultural producers, and individuals. Patria Credit aims to enhance financial accessibility for customer segments that often face challenges in obtaining financial services due to risk-profile issues or geographic limitations. By offering tailored microfinance solutions, Patria Credit supports the growth and development of local businesses and contributes to the overall economic landscape in Romania.

Enpal GmbH is a Berlin-based company founded in 2017 that specializes in providing comprehensive renewable energy solutions, primarily through the installation and operation of solar panels for residential electricity generation. The company offers a range of products, including solar panels, batteries, wallboxes, heat pumps, and energy management systems, catering to customers in Germany and Italy. Enpal initially adopted a sales-based model but successfully transitioned to a lease model that requires no upfront payment and includes installation, insurance, and maintenance services. This approach has resulted in significant growth, with over 60,000 solar PV systems installed and revenues exceeding 400 million euros as of 2022. Enpal employs more than 1,000 team members, including over 200 local installer teams, and has opened several satellite offices to enhance customer service across its markets. The company has received numerous awards for its contributions to sustainability and customer service, positioning itself as a leader in the solar PV installation sector in Germany.

Sympower is a developer of sustainable energy solutions focused on enhancing the flexibility of energy users to support a balanced electricity grid. The company partners with industry leaders to facilitate the transition to a net-zero future by unlocking revenue streams and providing stability in energy markets. Utilizing advanced, automated software, Sympower enables clients to temporarily adjust the power of their systems and processes in response to grid imbalances. Their innovative approach aggregates electrical appliances and integrates them into a smart system, allowing for the shifting of energy usage to more economical times. This empowers customers to leverage their existing flexibility, contributing to a fully renewable energy grid while enhancing the value of their energy assets.

Libra Internet Bank is a banking institution that specializes in providing financial services primarily to small and medium enterprises. The bank offers a range of products, including financial advisory services, consultancy, and wealth management. In addition to these services, Libra Internet Bank provides various loan options, such as soft loans, long-term, medium-term, and short-term loans, as well as micro-financing solutions to support the needs of its clients. Through its comprehensive offerings, the bank aims to facilitate the financial growth and stability of businesses within its target market.

ViViRA is a company dedicated to enhancing accessibility to physical rehabilitation programs. It has developed a mobile orthopedic training application designed to provide personalized training programs that users can complete at home. The application assesses agility, strength, and coordination over an initial month and then gradually increases the exercise load based on regular performance tracking. This approach aims to help patients alleviate pain and regain physical functions independently.

FaceUp Technology specializes in whistleblower protection software. Its core product is an anonymous reporting platform enabling employees to submit concerns securely, attaching files if necessary, while preserving their identity. The company aims to foster safe corporate cultures by facilitating responsible disclosure and protecting both the reporter's anonymity and the organization's reputation.

Instant Factoring is a fintech company that specializes in providing liquidity to small entrepreneurs through an innovative factoring platform. The company offers quick access to cash by converting invoices into immediate funds, typically within 24 hours, thereby eliminating the traditional bureaucratic delays associated with financing. Utilizing advanced technologies, such as robot-underwriting and blockchain for transaction transparency, Instant Factoring ensures a secure and efficient process for its users. The platform features a patented internal credit-scoring tool powered by artificial intelligence and machine learning, which enables fast and accurate credit decisions while continuously enhancing its algorithms. By leveraging a wide array of data sources, Instant Factoring provides upfront transparency on pricing and aims to support the growth of small and medium-sized enterprises by offering flexible working capital solutions tailored to their needs. With a mission to empower entrepreneurs, the company estimates that it will serve over 15,000 small businesses, facilitating an average invoice financing value of approximately EUR 2,000.

AQUISGRAN is an SGR initiative to provide Aachen loans and investments to current and future SME partners by issuing MARF-listed bonds.

Vyoma is a company focused on enhancing satellite safety through advanced space observation technologies. It develops a satellite-based system that monitors space debris, utilizing a proprietary fleet of satellites, software, sensors, and machine learning algorithms. By providing real-time mapping of space objects, Vyoma enables satellite operators to autonomously navigate and avoid potential collisions with debris. As the number of satellites in orbit is expected to increase significantly in the coming years, Vyoma is positioned to deliver critical infrastructure that ensures safe satellite operations, thereby addressing the growing challenges of space traffic management.

DBT is a LendTech company that specializes in providing business loans to small and micro-enterprises. The company utilizes a credit technology platform that analyzes data from businesses seeking financing, thereby enhancing risk assessment accuracy and expediting decision-making processes. By combining technological innovation with qualitative collaboration, DBT simplifies access to growth funding for SMEs across various industries. The company offers loans ranging from SEK 3 million to SEK 30 million, aiming to support the growth and development of these businesses.

First-class armored rides

Galeneo is a rapidly advancing startup focused on revolutionizing the delivery of primary home healthcare. It operates an e-health platform designed to facilitate medical procedures both at home and in-person, ensuring that patients receive timely and efficient care under prescription. The platform supports real-time monitoring and standardization of healthcare processes, which enhances the quality of treatment for patients. By creating a comprehensive healthcare network, Galeneo connects doctors, hospitals, and organizations involved in off-site patient hospitalization, thereby improving access to better healthcare solutions. Through its multidisciplinary approach, the company aims to streamline healthcare management and address the varied needs of patients effectively.

Illimity Bank, founded in 2018 and headquartered in Milan, Italy, is a commercial bank that delivers digital direct banking services to both retail and business clients. The bank specializes in providing corporate credit, managing non-performing loan (NPL) portfolios, and offering financing solutions specifically tailored for small and medium-sized enterprises (SMEs). Additionally, Illimity Bank engages in investment banking activities, including the establishment and management of investment funds and facilitating initial public offerings. With a focus on addressing the challenges posed by distressed credit and the increasing prevalence of bad loans, Illimity Bank aims to support its clients through innovative financial solutions.

Noviti Finance is a provider of alternative financing services focused on offering transparent business loans for turnover and investment projects. The company emphasizes clarity in its financial products by openly disclosing contract fees and interest rates, avoiding hidden costs that can inflate the total loan amount. Noviti Finance streamlines the borrowing process by reducing formalities, allowing clients to receive financing within one day; funds are deposited into their accounts on the same day upon signing the contract. With a commitment to supporting businesses, Noviti Finance has successfully assisted over 1,600 companies, ensuring that their financial needs are met with flexible terms and a straightforward approach.

Delmic is a company specializing in correlative light and electron microscopy technology, catering to the needs of life and materials science research. It offers a range of advanced services, including cathodoluminescence, integrated and automated cryo-electron tomography workflows, and rapid electron microscopy solutions designed for reliability and high throughput. By providing integrated correlative microscopy, Delmic equips researchers and organizations with effective and user-friendly tools, enabling them to obtain insights more efficiently and with greater ease.

October is a pan-European lending platform that aims to empower businesses by simplifying access to funding. Founded in France in 2014 under the name Lendix, the company emerged following regulatory changes that disrupted traditional banking practices. With offices in France, Spain, Italy, and the Netherlands, October operates an online marketplace that connects private investors with enterprises of various sizes. This platform allows investors to finance businesses directly, offering fully disclosed terms and facilitating a streamlined investment process. Institutional lenders complement individual contributions, ensuring borrowers benefit from high success rates and quick processing times. October's mission is to democratize finance, providing a secure and efficient way for individuals to invest in the real economy.

CARTO is a leading Location Intelligence platform that specializes in transforming spatial data into actionable insights for businesses. Founded in 2012 by an environmental scientist and visualization experts, the company is headquartered in New York City, with additional offices in Madrid, Seville, and Washington, DC. CARTO provides a cloud-based mapping, analysis, and visualization engine that enables data scientists, developers, and analysts to tackle spatial problems, optimize business processes, and predict outcomes. Its services facilitate more efficient delivery routes, enhanced behavioral marketing, and strategic store placements. With a customer base of 2,500, including notable companies like Mastercard, Vodafone, and Coca-Cola, CARTO has established itself as a significant player in the field. The company employs around 130 people and has garnered recognition from industry leaders such as G2, Gartner, and Forrester for its innovative contributions to Location Intelligence.

Evologic Technologies serves as a bridge between problem-focused users and technology-oriented experts, aiming to develop sustainable solutions for both industrial and private sector challenges. The company specializes in agricultural chemicals designed to accelerate the growth of sustainable ingredients. By utilizing a portfolio of fermentation and formulation technologies, Evologic enables the cultivation of organisms that are typically difficult to grow, allowing farmers to increase productivity while using fewer fertilizers in a cost-effective manner. Through its innovative approaches, Evologic strives to provide user-friendly applications that address everyday problems in agriculture and beyond.

AGRIVI is a global agritech company that provides digital agriculture technologies to support the agri-food value chain. Its market-leading farm management platform is utilized by customers in over 100 countries, focusing on optimizing agricultural production for economic and environmental sustainability. The platform assists farmers and agri-food companies in implementing essential agricultural practices, including tillage, planting, spraying, fertilization, irrigation, and harvesting, all through a user-friendly interface. By encouraging the adoption of advanced technologies, AGRIVI aims to enhance crop quality and yield, ultimately contributing to more efficient and sustainable farming practices.

Finiata GmbH is a fintech company based in Berlin, Germany, specializing in providing financial services to small and medium-sized enterprises (SMEs) and freelancers. Founded in 2016, Finiata offers innovative financing solutions, including credit and invoice factoring, which allows businesses to obtain liquidity by selling outstanding invoices at a discount. The company utilizes a unique credit scoring system that combines traditional algorithms with alternative data sources to assess risk effectively and streamline the lending process. By focusing on data-driven approaches, Finiata aims to enhance cash flow management and support the sustainable growth of its clients. The company is dedicated to integrating financial solutions seamlessly into the operations of non-financial enterprises, positioning itself as a reliable partner in the evolving landscape of B2B finance.

Iceye Oy, established in 2014 and headquartered in Espoo, Finland, operates a unique business model focused on Earth observation using synthetic aperture radar (SAR) satellite technology. The company maintains the world's largest operational constellation of SAR satellites, enabling it to provide near real-time data and imagery regardless of weather conditions or time of day. Iceye's services cater to diverse sectors such as insurance, disaster response, maritime monitoring, and defense, offering critical insights for informed decision-making in areas like natural catastrophe assessment, flood monitoring, and wildfire detection.

Offr Limited is a technology company that operates a platform designed for residential and commercial property agents to facilitate the buying and selling of real estate. The platform allows buyers to make private offers, participate in auctions, schedule viewings, and manage essential documentation such as proof of funds and legal contracts, all within a streamlined digital interface. Offr's solution enhances the property transaction experience by enabling agents to conduct various transaction types, including binding sales, conditional sales, and sealed bids. The company ensures that all buyers are pre-qualified, enhancing the integrity and efficiency of the offer process. Founded in 2018, Offr is headquartered in Dublin, Ireland, with an additional office in London, United Kingdom.

Oneplanetcrowd is a pioneering sustainable crowdfunding platform based in the Netherlands, established in 2012. The platform facilitates funding for entrepreneurs by connecting them with a crowd of investors who are interested in supporting innovative products and services that promote sustainability and social impact. Oneplanetcrowd enables startups and energy projects to raise capital through online loan and equity crowdfunding, allowing them to secure necessary funds without directly soliciting individual investors. By focusing on projects that contribute positively to society and the environment, Oneplanetcrowd aims to foster a more sustainable future while providing investment opportunities for those looking to make a difference.

Amphista Therapeutics Limited is a biopharmaceutical company founded in 2017 and located in Motherwell, United Kingdom. It specializes in developing targeted protein degradation technology aimed at creating innovative cancer therapeutics. The company focuses on harnessing the body's natural processes to selectively degrade and eliminate disease-causing proteins. By advancing next-generation therapeutics, Amphista seeks to improve treatment efficacy for various diseases, particularly cancer, by modulating the abundance of proteins responsible for disease progression. This strategic approach aims to enhance patient outcomes and contribute to the advancement of therapeutic options in oncology.

Seekyo is a private biotech company focused on advancing chemotherapy treatments that specifically target the microenvironment of solid tumors. By employing innovative smart drugs, Seekyo aims to deliver potent anticancer agents in a manner that minimizes harm to healthy tissues. Their approach includes a versatile enzyme-responsive self-immolative linker that facilitates the controlled release of the drug exclusively at the tumor site. This technology enables efficient recognition of malignant characteristics, allowing for targeted and effective treatment while significantly reducing adverse effects for cancer patients.

Native video monetization platform

MedLease specializes in financing solutions for healthcare SMEs, young healthcare professionals and patients. Doctors, partnering clinics and MedLease all share the same end customer – the patient. The company strives to achieve synergy via helping young professionals improve their qualification, financing smaller clinics purchase modern machines for treatment/diagnostics and provide the patients with reliable and transparent socially responsible healthcare financing solutions. MedLease believes that this synergy based business model provides trickle down effects that benefits and improves the quality of life of the end customer.

Telecom Italia is the leading telecommunications operator in Italy, holding over 30% of the mobile market and 40% of the broadband market. The company specializes in providing advanced telecommunications services through its extensive technological infrastructure, including an optic-fiber fixed-line network available nationwide and internationally through its subsidiary, Sparkle. Telecom Italia offers a range of mobile and fixed-line telephony services, catering to both communication and entertainment needs. Additionally, the company focuses on supporting small and medium enterprises in their digital transformation by providing tailored solutions. While it competes with other major players such as Vodafone, Wind Tre, and Iliad in the mobile sector, it has also established a presence in Brazil's wireless market, although its reach remains limited compared to local competitors.

TISSIUM is a medical device company headquartered in Paris, France, focused on the development and commercialization of innovative biodegradable sealants and adhesives for surgical wound closure, particularly in minimally invasive procedures. The company's products are designed to be non-toxic, provide strong adhesion to tissues, and enable rapid wound closure in the body's dynamic environments. TISSIUM leverages advanced research and intellectual property from renowned laboratories, including those of Robert Langer at MIT and Jeff Karp at Brigham and Women’s Hospital. Its technology platform includes a proprietary family of fully biosynthetic, biomorphic, and programmable polymers, which are tailored for tissue reconstruction across various clinical applications. Founded in 2013, TISSIUM is supported by leading healthcare investors and aims to address unmet clinical needs through its groundbreaking approach to wound management.

Worldcoo, established in 2012 and headquartered in Barcelona, Spain, operates a fundraising platform dedicated to supporting social projects. The company partners with e-commerce sites, banks, and retailers to facilitate micro-donations from customers through 'rounding up' their transaction amounts. These funds are then allocated to NGOs and other social entities for project development. Worldcoo is committed to innovation, transparency, and solidarity in its operations, and is recognized as a B Corp. It has also received support from the European Commission through the Horizon2020 project.

Pantherna Therapeutics GmbH is a biopharmaceutical company based in Hennigsdorf, Germany, founded in 2017. The company specializes in developing innovative mRNA therapeutics aimed at treating acute respiratory distress syndrome (ARDS) and vascular diseases. Pantherna Therapeutics utilizes a unique technology platform based on advanced nanoparticles that facilitate the delivery and expression of therapeutic mRNA drugs specifically in the endothelium. This approach aims to prevent the formation of edema and lung tissue injury associated with ARDS while also enabling the restoration of endothelial cell function.

Mipise is a developer of financial technology solutions focused on creating white-label crowdfunding platforms that facilitate the digitalization of financial services. The company specializes in developing technological tools and innovative solutions for asset management activities, particularly in private equity and real estate. By offering collaborative tools for mobilization, Mipise aims to enhance efficiency and productivity in the financial sector, catering to the evolving needs of customers. Through its expertise in financial and banking services, Mipise supports the transition to a more digital and collaborative economy.

gini is a developer of a personal financial management (PFM) application launched in 2018, aimed at simplifying financial management for users. The app connects to 3,000 banks across 60 countries, allowing nearly 100,000 users to manage their finances more effectively. It offers features such as consolidated spending data, personal money insights, timely reports, and visual analytics, all in one convenient platform. gini has also expanded into the B2B sector, providing financial institutions with data enrichment technology to enhance customer understanding and engagement. By leveraging unstructured big data, gini helps banks and lenders create personalized digital banking experiences, fostering customer loyalty and improving sales. The application not only benefits individual users but also assists small businesses by syncing financial data across various systems, thereby facilitating better financial planning and decision-making.

SET Ventures, established in 2007 and based in Amsterdam, Netherlands, is a venture capital firm focusing on early to growth-stage investments in Europe. The company specializes in digital technology for a carbon-free energy system, backing pioneering startups with sustainable solutions and a strong digital DNA. Its investment priority lies in sectors such as distributed infrastructure, energy retail, buildings, mobility, industry, and enabling technologies. SET Ventures typically invests between €0.5 million to €6 million per portfolio company, aiming to take a seat on the supervisory board.

LendInvest, established in 2008, is a London-based online platform that facilitates property lending and investing. It enables everyday investors to access various asset classes through its marketplace, which underwrites and pre-funds investments. The company offers a range of property finance solutions, including bridge loans, development loans, and buy-to-let loans, catering to intermediaries, landlords, and developers across the UK.

MedLease specializes in financing solutions for healthcare SMEs, young healthcare professionals and patients. Doctors, partnering clinics and MedLease all share the same end customer – the patient. The company strives to achieve synergy via helping young professionals improve their qualification, financing smaller clinics purchase modern machines for treatment/diagnostics and provide the patients with reliable and transparent socially responsible healthcare financing solutions. MedLease believes that this synergy based business model provides trickle down effects that benefits and improves the quality of life of the end customer.

Mironid Limited is a biotechnology company based in Newhouse, United Kingdom, that specializes in drug discovery and development. Founded in 2014, Mironid focuses on creating innovative drug candidate molecules that modulate key cell signaling proteins to address degenerative kidney diseases, chronic inflammatory diseases, and cancer. The company's pipeline includes unique compounds designed to treat these conditions, utilizing a Physiology Mirroring Approach that aligns drug target environments with those found in living cells. Mironid aims to identify and validate novel drug targets, particularly in areas with significant unmet medical needs, by leveraging advanced technologies to streamline and enhance the drug discovery process. Through its dedicated efforts, Mironid seeks to develop differentiated therapies that improve patient health and quality of life.

We finance the scaling up of companies developing significant social impact and assist our portfolio through our offices in Paris, Copenhagen, Frankfurt & Barcelona. Our investors: European Investment Fund (EU), BPI France, BNP Paribas, JP Morgan Chase, HSBC, AXA, Vivendi, Bouygues, Ardian, SWEN Capital Partners, CNP Assurances, Crédit agricole and more. Founded in 2007, we are a pioneer and a leading social impact fund in Europe. IMPACT was created out of our conviction that financial and social performance must be integrated. By supporting entrepreneurial projects that generate impact, we aim to contribute to greater social and economic inclusion, and affirm that private equity can also take the form of impact investing. We invest in healthcare, edtech, circular economy, wellfaretech, cobots for people, healthrobotics and more. We are especially interested in companies that make an impact within education, for people with disabilities or create inclusive jobs in urban deprived areas.

Reposito is develops smart phone applications for digitization, storage, and on-line management of receipts.

MiddleGame Ventures is a venture capital firm founded in 2017, with offices in Washington, D.C. and Luxembourg City. The firm specializes in investing in early-stage and late seed companies, primarily in the fintech sector. It focuses on businesses that are transforming financial services from analog to digital and from centralized to decentralized models. MiddleGame Ventures emphasizes investment in areas such as middleware solutions, artificial intelligence, big data, blockchain, and crypto-enabled infrastructure. The firm aims to partner with entrepreneurial teams that are rearchitecting financial services infrastructure, with a particular interest in sectors like core banking, insurance risk management, and regulatory compliance. Its investment activities are primarily concentrated in the European Union and North America.