DEEP-DIVE: All 23 European impact funds that bought in money this quarter: themes, LPs, and who to contact
European impact funds secured, or are set to secure, more than €4bn in Q1 2026.<br><br>We've spoken to almost every GP behind the 23 funds. Here's the full breakdown:<br><br>→ Every fund, mapped by stage, sector, and ticket size<br>→ What each GP is looking for<br>→ The LPs writing the cheques <br>→ Who to contact
European impact, climate and deep tech investors have been busy in the first quarter of 2026, with a wave of new funds launched or closed across the continent.
From mega-funds backed by oil majors to boutique vehicles targeting overlooked founders, here's Impact Loop's rundown of the capital now in play.
1. Eurazeo – backing the 'future industries' of Europe
One of Europe's largest investment groups launched a €500m cleantech vehicle targeting late-stage venture and early growth companies, Impact Loop exclusively reported in January.
A first close of €180–200m is anticipated by July.
Based in: Paris, France
Invests in: Companies making industries more resilient, sovereign and sustainable – €10m to €30m per company including follow-ons
Contact: Alice Besomi, managing director for industrial climate tech
Read Impact Loop's exclusive →
2. Chi Impact Capital and FASE – targeting the 'missing middle'
Two European impact investment firms merged to launch the European Catalytic Impact Investing Fund II (ECIIF II), targeting €80m with a hard cap of €120m, Impact Loop exclusively reported. A standout feature is a €10m "catalytic" guarantee from the European Investment Fund designed to de-risk a portion of the portfolio.
Based in: Switzerland and Germany
Invests in: Pre-Series A to Series A companies in climate tech, circular economy, food systems, care and education. Does not plan to invest in defence tech.
Contact: Christine ter Braak-Forstinger, co-founder of ECIIF II
3. Katapult Ocean – €50m for Nordic blue economy
Oslo-based Katapult launched a dedicated €50m Nordic ocean fund targeting startups working across the ocean economy, Impact Loop exclusively reported.
The fund will also reserve a small allocation for non-European companies looking to establish a foothold in the region.
Based in: Oslo, Norway
Invests in: Nordic startups working across the ocean economy, from maritime technology to sustainable fishing
Contact: Jonas Skattum Svegaarden, CEO
Read Impact Loop's exclusive →
4. SlateVC – stepping in as climate tech matures
Paris-based SlateVC secured €132m in the first close of its inaugural €250m fund, targeting energy, green materials, and circularity startups at the stage where the technology works but the business still needs to scale.
Based in: Paris, France
Invests in: Series A and B climate startups with established revenues in energy, green materials, and circularity
Contact: Chloé Giard, partner
5. Vitamin°C – Swiss-US fund emerges from stealth
Two prominent Swiss impact investors raised €18m for Vitamin°C, a new early-stage fund targeting US and European climate tech startups, Impact Loop exclusively reported.
The fund is anchored by the Meili family office, whose patriarch invented the ionisation chamber that became the foundation of the modern smoke detector. "In every crisis, there's opportunity," said founding partner Nathalie Moral.
Based in: Switzerland
Invests in: Pre-seed climate tech startups on both sides of the Atlantic, with a strong focus on climate adaptation. Cheques of €0.5m–€1.5m
Contact: Founding partners Nathalie Moral and Sophie Lamparter
Read Impact Loop's exclusive →
6. The Footprint Firm – Danish families back €76m debut
Copenhagen-based The Footprint Firm closed its first fund at €76m with backing from Danish institutions and family offices, Impact Loop reported.
Based in: Copenhagen, Denmark
Invests in: Deep tech and climate tech startups across Northern Europe, with recent focus areas including biotechnology and greener battery components
Contact: Sofie Käll, chief investment officer
7. Bridges Climate Transition Partners
The team behind HSBC Asset Management's Climate Growth Partners was incorporated into Bridges Fund Management and will begin fundraising for a new €200m climate tech vehicle, Impact Loop exclusively reported.
HSBC AM has been confirmed as an anchor investor.
Based in: London, UK
Invests in: Climate tech companies at growth stage
Contact: Christophe Defert, lead investor
8. Daphni – €260m for science-driven deep tech
Paris-based Daphni closed its Blue fund at €260m, which it plans to channel into startups emerging from Europe's labs, Impact Loop reported.
Based in: Paris, France
Invests in: Early-stage deep tech across life sciences, physics, chemistry, mathematics and AI-enabled hardware, with tickets ranging from €500k–€10m
Contact: Pierre-Eric Leibovici, co-founder and managing partner
9. Montis VC – Poland backs energy and industrial tech
Poland's Montis VC raised €50m in the first close of a new venture fund aimed at backing startups in energy and industrial technology, Impact Loop reported.
"We're at a moment where Europe is fighting for its economic sovereignty," said Michal Bas, the firm's new director.
Based in: Warsaw, Poland
Invests in: Pre-seed and seed stage startups in energy and industrial technology, with particular interest in AI applications. Initial cheques of €500,000 to €2m
Contact: Michal Bas
10. Rabobank – €1bn ambition to fill the impact financing gap
Dutch cooperative bank Rabobank launched the Rabo Impact Foundation, a new platform investing in projects and businesses tackling societal challenges, the company announced in a press release. The foundation launches with an initial endowment of $118m, with ambitions to scale to $1.2bn over time.
Based in: Utrecht, Netherlands
Invests in: Projects and businesses addressing energy transition, affordable housing, and other areas where traditional bank financing falls short
Contact: Lizette Wolters, interim CEO
11. 2150 – €210m for greener cities
London-based urban tech fund 2150 closed its second fund at €210m, making it one of the largest early-stage impact investment vehicles in Europe.
The fund attracted a global LP base including Viessmann Generations Group, Novo Holdings, and Danish sovereign fund EIFO.
Based in: London, UK
Invests in: Early-stage companies solving sustainability challenges in urban and industrial environments. Portfolio includes home energy unicorn 1Komma5º.
Contact: Christian Jolck, co-founder and partner
12. Margin Ventures – backing 'overlooked' founders
Two French investors launched a €50m fund to back founders typically shut out of European venture capital, Impact Loop exclusively reported.
Paris-based Margin Ventures is targeting entrepreneurs from the "margins" – socially, geographically, or academically – developing tools to address climate change, healthcare access, education, and inclusive AI.
Based in: Paris, France
Invests in: Early-stage companies addressing climate change, access to healthcare and education, and inclusive use of AI. Aiming for first close of €30m
Contact: Mehdi Belkahla and Anas Jaballah, co-founders
Read Impact Loop's exclusive →
13. Emerald Technology Ventures – €100m for the global water crisis
Zurich-based Emerald Technology Ventures hit the €100m milestone for its Global Water Fund II, the company announced in a press release. Backers include Temasek, Grundfos Foundation, Veralto Corporation, Ecolab, SKion Water, and Oxy Technology Ventures. "We are bringing together two globally influential organisations with highly complementary perspectives on water resilience," said Dr Helge Daebel, partner at Emerald.
Based in: Zurich, Switzerland
Invests in: Early-stage startups innovating in water technology
Contact: Dr Helge Daebel, partner
14. Ananda Impact Ventures – €73m for system-level impact
Munich-based Ananda Impact Ventures secured €73m in the first close of its fifth fund, targeting €108m.
Co-founder Johannes Weber framed the new fund as a deliberate counter-positioning to broader shifts in venture capital. "By staying true to our core values, we have become differentiated in the market," he told Impact Loop.
Based in: Munich, Germany
Invests in: Early-stage European companies where biological, digital, and social systems intersect. Previous investments include OroraTech and biodiversity data specialists
Contact: Johannes Weber, co-founder, and partner Zoe Peden
15. Climate Investment – $450m decarbonisation fund
Oil and gas giants Saudi Aramco, Occidental, and Baker Hughes backed Climate Investment's second $450m fund, alongside the Development Bank of Japan and French shipping conglomerate CMA CGM.
The Decarbonisation Acceleration Fund targets the "missing middle" – companies too mature for venture but too early for private equity.
Based in: London, UK
Invests in: Growth-stage companies in energy, industry, transport, and buildings. First four investments signal a shift into AI, infrastructure, and efficiency solutions
Contact: Joshua Haacker, CIO
16. Seaya – Spain's largest VC eyes €1bn
Spanish venture capital firm Seaya landed a €300m anchor investment from the European Investment Fund for a new €1bn growth vehicle, Impact Loop reported. It's the largest of six funds the female-founded VC has launched to date.
Based in: Madrid, Spain
Invests in: Series C and later-stage European companies in climate tech, deep tech, applied AI, fintech, and commerce
Contact: Beatriz González, founder
17. Partech – €300m for the 'transition phase'
Paris-based Partech closed its debut impact fund at €300m despite what it called "the toughest fundraising environment in a decade", Impact Loop reported.
LPs include Allianz SE, Bpifrance, the European Investment Fund, and the British Business Bank.
Based in: Paris, France
Invests in: Mid-stage European B2B tech companies in clean production, sustainable agriculture, mobility, and digital health
Contact: Arnaud Minvielle and Rémi Said, general partners
18. Mundi Ventures – €750m for deep tech and climate
Spain's Mundi Ventures announced the first close of its Kembara deep tech and climate fund at €750m, anchored by a €350m commitment from the European Investment Fund (EIF), Impact Loop reported. The fund will write €15m–€40m initial cheques across 20 companies.
Based in: Madrid, Spain
Invests in: Series B and C stage companies across deep tech and climate, with follow-on capacity up to €100m per company
Contact: Javier Santiso, fund lead
19. Sporos Platform – Greece's first impact fund
Sporos Platform, Greece's first Article 9 impact fund, completed its capital raising at €58m, Impact Loop reported. The fund is anchored by the Hellenic Development Investment Bank, with the European Investment Fund confirmed as a new investor.
Based in: Athens, Greece
Invests in: Circular economy startups and mature companies transitioning toward sustainable business models across Greece and foreign companies entering the Greek market
Contact: Dimitris Simos, managing partner and CEO
20. Elaia – €134m for Europe's deepest deep tech
Paris-based Elaia closed its third deep tech seed fund at €134m, double the size of its previous vehicles, the company announced in a press release.
The fund is developed in partnership with leading European research institutions including PSL, INRIA, CNRS, the Barcelona Supercomputing Centre, and the Max Planck Foundation.
Based in: Paris, France
Invests in: Pre-seed and seed-stage B2B deep tech startups across Europe, with tickets of €1m–€13m. Focus areas include computing, life sciences, and industrial innovation.
Contact: Anne-Sophie Carrese, partner
21. Lightrock – $200m for African growth equity
The International Finance Corporation commited $20m to Lightrock Africa Fund II, a new growth equity vehicle targeting between $150m and $200m, Impact Loop reported.
The fund will pursue a generalist strategy across Kenya, Nigeria and South Africa, backing eight to twelve companies with cheques of $10m to $20m.
Based in: London, UK (with African focus)
Invests in: Growth-stage companies in Kenya, Nigeria and South Africa across climate tech, healthcare, and fintech
Contact: Arul Thomas (left) and Ravi Sharma
22. 360 Capital – backing Europe's deep tech out of the lab
Paris-based 360 Capital closed €85m for Poli360 2, a technology transfer fund with a €100m target investing in early-stage deep tech startups spun out of universities and research centres, the company announced in a press release.
Backers include the European Investment Fund, CDP Venture Capital, Italian pension funds, family offices, and corporates including Brembo, MBDA, and Lucchini RS.
Based in: Paris, France
Invests in: Early-stage deep tech startups emerging from university and research centre partnerships
Contact: Alessandro Zaccaria, partner
23. UVC Partners – €150m to back deeptech through to scale
Munich-based UVC Partners secured €77m in the first close of a new growth fund targeting deeptech companies as they move from breakthrough innovation to large-scale deployment, Sifted reported. The firm is targeting €150m by the end of the summer.
Based in: Munich, Germany
Invests in: Growth-stage deeptech companies across nuclear technology, robotics, aerospace, climate tech, mobility, and software. Initial cheques of up to €15m.
Contact: Johannes von Borries, managing partner
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