ImpactAlpha, October 23 – Munich-based venture capital firm Ananda Impact Ventures has raised €50 million ($57 million) to back European impact startups.
The funds will do towards Ananda’s third fund, which makes equity investments in European startups focused on health, education, sustainable consumption, and aging populations. The European Investment Fund and Big Society Capital invested in the fund, along with prior Ananda family office, individual and institutional investors.
Ananda has already made five investments from the fund, including London-based HomeTouch, a platform that connects dementia patients and their families to live-in care providers, and Berlin-based MobileJob, a recruiting platform for frontline workers.
Ananda has made 20 investments to date through three funds, according to its website. It has exited at least one successfully. The venture capital firm is looking to make 20 investments with its third fund.