Exceeding all expectations: €110m fund raise on our 2nd Impact Fund
We are thrilled to inform you that we closed our second impact fund with €110m, exceeding our initial target with nearly 40%! We now manage impact capital totaling €150m, almost 4x more than a year ago. These strong growth numbers are convincing proof points that the market momentum for impact investment is growing and accelerating, and we are incredibly excited to be at the forefront of this impact trend.
From Seed to Series A
And that’s exactly why we stepped up the pace with the second fund, to make even more impact in areas that are vital to the world. With Rubio Fund 2, we expect to invest in more than 30 ambitious impact-focused companies. As you may know, we already invested in 11 new companies, from Seed to Series B, such as fair coffee brand Wakuli, cultivated meat pioneer Mosa Meat and Litterati, a (free) app that motivates people to collect and tag litter.
A huge Thank You!
We want to thank our early days investors in the first and second fund for their trust in our mission and a warm welcome to all the new investors that are joining us, and to all the entrepreneurs who have allowed us to work with them, seeking to change the world for good. We are excited to continue our mission and inspiring others in the venture capital market to shift towards ever more impact!