The Hague-based VC firm 4impact has announced the first close of their second fund which is targeted at €100 million. While the fund declined to confirm the exact amount already accounted for, a company representative commented, “We are well progressed towards our target.”
As the name implies, 4impact focuses on impact investments, particularly friendly with the BeNeLux, the Nordics, and German-speaking regions, and offers Seed to Series A investments, with ticket sizes ranging from €0.5 and €2.5 million. The firm says it aims to support portfolio companies in follow-on rounds as well.
Like most of their contemporaries, 4impact promises support to portfolio companies beyond capital, namely that of an extensive network, knowledge, and experience.
“Combining the rapid innovation and exponential growth seen in digital technology with impact means we can create tangible positive impact at scale. These are companies that solve today’s problem, to create a better world tomorrow and therefore are the companies of the future and can generate meaningful impact and financial returns,” said 4impact founding partner Pauline Wink.