Fund management firm SHIFT Invest has announced the successful €92m initial closure of its impact fund.
SHIFT Invest, a Dutch venture capital firm, has announced the successful closure of the first round of its fourth fund, SHIFT Invest IV, with €92 million raised towards a target of €150 million by mid-2025. The fund aims to invest in early-stage companies in sectors such as energy, industry, mobility, food, and agriculture, with a geographic focus on the Netherlands and Northwestern Europe.
The SHIFT Invest IV fund is designed to support startups offering software, hardware, or hybrid technology solutions to environmental challenges, with typical investment sizes ranging from €250,000 to €4 million and an investment horizon of 4 to 7 years. The fund's focus includes climate change mitigation, resource scarcity, and biodiversity loss solutions, emphasizing circular materials, precision agriculture, and smart energy technology.
Some of SHIFT Invest's notable previous investments include e-mobility and energy management platform Maxem, geothermal energy company Canopus, precision weather forecaster Whiffle, and circular packaging producer Pieter Pot. The fund is backed by various institutional investors such as the European Investment Fund (EIF), Rabo Investments, Invest-NL, Royal Schiphol Group, and regional development agencies.
Meanwhile, in the realm of renewable energy, Renalfa, a renewable energy firm, has raised €315M from an EBRD-led investor group. The project falls under Climate & environment, Development finance, Energy transition, and EU funding. Details about the specific investors involved in the Resonance housing initiative are not disclosed, but the initiative has welcomed tenants.
In another development, CorPower Ocean has secured a €40m EU grant for a wave energy farm. The project falls under Blue economy, Energy transition, and EU funding. However, the details about the tenants of the Resonance housing initiative remain undisclosed.
The Resonance housing initiative is categorized under Housing, Investment, Pension funds, and Social impact, but the amount invested is not provided. SHIFT Invest will continue to focus on early-to-growth stage investments in technology-driven startups with solutions to climate change, resource scarcity, and biodiversity loss in the Netherlands and Northwestern Europe.
[1] SHIFT Invest. (n.d.). SHIFT Invest IV. Retrieved from https://shiftinvest.nl/shift-invest-iv/ [2] SHIFT Invest. (n.d.). About SHIFT Invest. Retrieved from https://shiftinvest.nl/about/
- SHIFT Invest IV, with a focus on the Netherlands and Northwestern Europe, aims to invest in early-stage companies addressing climate change, resource scarcity, and biodiversity loss, leveraging technology solutions across sectors like energy, industry, mobility, food, and agriculture, with typical investment sizes of €250,000 to €4 million and an investment horizon of 4 to 7 years.
- Development finance, through the European Bank for Reconstruction and Development (EBRD), has backed Renalfa, a renewable energy firm, with €315M, supporting a project under Climate & environment, Energy transition, and EU funding, while details about the specific investors involved in the Resonance housing initiative remain undisclosed.
- CorPower Ocean has secured a €40m EU grant for a wave energy farm, marking a project under Blue economy, Energy transition, and EU funding, although the details about the tenants of the Resonance housing initiative remain undisclosed.
- The Resonance housing initiative falls under Housing, Investment, Pension funds, and Social impact, yet the amount invested is not provided, indicating that SHIFT Invest will continue its focus on early-to-growth stage technology-driven startups, contributing to sustainable development, environmental improvement, and social impact in the region.
