In a nutshell
- The European Investment Fund (EIF) and the Hungarian National Capital Holding (NCH) have launched Impact Ventures III.
- It is a €40M venture capital fund focused on supporting early-stage startups and small to medium-sized enterprises (SMEs) in Hungary and Central Eastern Europe.
- They are aiming to support companies with a positive environment and social impact.
New fund in partnership with EIF and NCH
Impact Ventures III is being launched in partnership with the National Capital Holding (NCH) and the European Investment Fund (EIF).
The fund is once again managed by Impact Ventures Ltd, a specialist in corporate financing for social and environmental purposes. The goal is to build upon the previous investment rounds of the Impact Ventures I and II VC Funds.
“We are very glad to be renewing our collaboration with Impact Ventures and thus contributing to the sustainable development of both the Hungarian and broader European economy. The fund offers a vital new source of financing to a commercially underserved segment of the economy, supporting companies that can ultimately enhance quality of life and environmental protection. Our ongoing collaboration with the National Capital Holding reaffirms that partnerships between EU institutions, the public and private sectors, and financial institutions can serve to accelerate social development and a sustainable economy,” said Roger Havenith, Deputy Chief Executive of EIF.
Impact Ventures III targets scalable tech sectors with a focus on social and environmental impact
Impact Ventures III will primarily offer venture capital investments, targeting niche markets in highly scalable, tech-driven sectors like healthtech and medtech, edtech, recycling and waste management, and clean energy.
Alongside financial returns, companies must achieve measurable social and environmental impacts. The EIF has created specific criteria to define clear, quantifiable goals for each investment.
“The successful investment periods of the previous funds demonstrate the need to embrace sustainable business models that deliver significant benefit to society and the environment. It’s a particularly proud moment that EIF has once again chosen us to be their partner in establishing a new VC fund supporting Hungarian and CEE startups,” said Bence Katona, CEO of National Capital Holding.
