Highlights

• Rubio Fund III has raised €70 million to invest in companies dealing with the climate crisis and social inequality.
• Backing comes from returning investors and top institutions, including the European Investment Fund.

Rubio Fund III has launched with €70 million in commitments, in what could be the newest chapter in Rubio’s, a leading Amsterdam-based impact venture fund, work in impact finance.

The fund’s object is to channel capital into ambitious companies working on scalable solutions for the climate crisis and social inequality.

The vision is similar to that of companies like Sympower, which work on stabilising the energy grid; NoPalm, which is reshaping ingredients in the food sector; and OpenUp, which expands access to qualified mental health care.

Read More: Victoria Invests $75M in Climate-Tech and Female-Led Startups

Each represents the type of enterprise that combines commercial scale with socially oriented outcomes.

Many investors who participated in Fund I and Fund II have continued their backing of Rubio Fund III.

The new round includes participation from successful Dutch entrepreneurs, family offices, and institutional investors, including the European Investment Fund, Invest-NL, Oost NL, and the Brabantse Ontwikkelingsmaatschappij.

At the same time, new participants have joined, including ING Social Impact Investments and the NN Social Innovation Fund.

Commentary from involved investors points to Rubio’s early activity in the European impact market, with its first fund launched in 2015. Since then, Rubio has built a recognisable presence by directing capital to European start-ups with goals tied to environmental and social outcomes.

Also Read: Emerald Secures €60M to Boost Sustainable Water Solutions

This track record has drawn continued backing from organisations such as the European Investment Fund, whose leadership describes the partnership with Rubio as meaningful in developing the market environment for impact-focused risk capital.

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Source: Rubio