BonVenture uses social venture capital to support companies that address social injustices and promote the common good. The investor has now launched the largest impact investing fund in German-speaking countries to date.
BonVenture offers a fund for social entrepreneurship
With total fund volume of 23.3 million euros In the coming years, BonVenture will support further social entrepreneurial innovations to solve social and ecological problems in Germany, Austria and Switzerland.
Fundraising for the third fund, "BonVenture III," was successfully completed with a final closing date at the end of December 2016. With the raised volume of over 20 million euros, the largest fund for social venture capital in the German-speaking region was launched.
“With our participation in the BonVenture III fund, we are strengthening the financing options for companies that assume social responsibility through their social and ecological orientation.
For us as a development bank, sustainable action is also at the core of our business policy,”
said LfA Chairman Dr. Otto Beierl.
Munich company has already been financed
Since the first subscription deadline in October 2015, the fund has already completed a promising Munich investment: company bike solutions, a company bike provider founded in Munich in 2012, received a seven-figure financing sum.
Fundraising target exceeded
Erwin Stahl
With a current fund volume of €23.3 million, we have significantly exceeded our fundraising target. This shows that impact investing is now moving beyond its niche, and that more and more investors are pursuing a multidimensional objective in their investments."
explains Managing Director Dr. Erwin Stahl.
The fresh capital will be used to support other sustainable companies that solve or mitigate pressing social and environmental problems in German-speaking countries. The investor will also provide support through consulting and networking.
BonVenture is Europe's first officially registered manager of European Social Funds (EuSEFs) and currently manages funds with a volume of almost €40 million. It has supported over 30 social enterprises to date.
