Dealflow | September 29, 2021

Ananda Impact Ventures raises €65 million for European impact tech

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, September 29 — Munich, Germany-based Ananda Impact Ventures is raising its fourth fund to invest in European impact tech companies primarily in digital health, education and sustainability.

It has backed 29 companies, including wildfire detection and monitoring platform OroraTech and affordable private health care company Doktor24.

The companies have “impact inherently baked into their business model,” said Ananda’s Florian Erber. “So, the simple formula that more turnover equals more impact holds and works for all of us.”

The fourth Core Impact Fund will invest between €500,000 to €3 million in 20 companies. The first close saw commitments from returning investors, European Investment Fund and Big Society Capital (for context, see “Munich-based Ananda raises €50 million to back European impact startups).

Ananda’s first three funds raised about €80 million. The firm is looking to raise €100 million for the fourth fund.