Dutch early-stage impact investment firm SHIFT Invest has expanded its fund to €110 million from its previous closing at €70 million in 2020 to accelerate the sustainable transition of mobility and logistics.
The new participants in the fund include KLM, NS and Royal Schiphol Group. In addition, a number of existing investors, including the European Investment Fund (EIF), Invest-NL and TNO have increased their investments with this expansion.
Founded in 2009, the Dutch impact venture capital fund invests in innovations related to food and agri tech, green industries, energy transition and sustainable mobility and logistics. The investments are focused on achieving a positive environmental impact and financial return. Together with its partners, SHIFT Invest offers entrepreneurs an extensive network and knowledge in various sectors.
The fund has earlier invested in Protix, Vandebron, ViriCiti, Pieter Pot, SupplyStack and Meatless.
Mieke Struik, head of aviation solutions at Royal Schiphol Group, said: “The cooperation with SHIFT Invest and other partners such as KLM and NS is in line with our ambition to become the most sustainable, high-quality airport in the world. We focus on the quality of our network, our service, and the living environment. We are innovating and working hard together with the aviation sector to create a sustainable future so that we can continue to connect future generations to the world via Schiphol in a safe and responsible manner.”