Greece’s first impact fund closes €58m vehicle for the circular economy
Sporos Platform has marked the final close of its first fund. <br><br>Here’s a breakdown of its LP base and what kind of investments the fund is targeting. <br>
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Sporos Platform, Greece's first Article 9 impact fund, has completed its capital raising process, bringing total funds under management to €58m.
The fund announced the closure at a special event held at the Hypatia Mansion in Athens last week, where it also confirmed the European Investment Fund (EIF) as a new investor.
Sporos fund is anchored by the Hellenic Development Investment Bank (HDIB). Alongside the EIF, the investor base also includes Piraeus Bank, Eurobank, National Bank of Greece, Global Wealth Group. A range of private investors and family offices from Greece and abroad also invested, including two prominent shipping dynasties Nikos Vernikos (member of the Vernicos family) and The Pittas family.
A hybrid impact fund
Rather than just VC, Sporos Platform deploys a blend of finance instruments, including loans and convertible notes alongside equity. It also offers consultancy services and ESG data.
The fund is managed by Sporos Impact Ventures, which originally established the Sporos Platform in 2023, with €30.5m in initial capital.
SPOROS operates as a hybrid impact fund. Some 30% of its capital is directed toward startups innovating in the circular economy, while the remaining 70% targets more mature companies looking to transition toward sustainable business models.
The fund covers all regions of Greece but also targets foreign companies looking to enter the Greek market. Managing partner and CEO Dimitris Simos told Greek publication Euro2Day that the fund plans to make up to 20 new investments by the end of 2026.
Current portfolio companies include Prisma Electronics, Nutri Valley, PetChef, Plan(e)t Foods, and Mobito.
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