4impact capital Due Diligence
Run due diligence on 4impact capital: check compliance and get alerts when suppliers or ownership change.
Netherlands · owned by Independent (Netherlands) · www.4impact.vc · 9 vendors
4impact capital is a Dutch impact venture capital fund that invests in early-stage European software startups (Seed to Series A) focused on sustainability and positive social impact. The firm targets tech4good companies in the Benelux, Nordics, and DACH regions, backing entrepreneurs who accelerate the transition to a sustainable world while delivering strong financial returns. It operates as an SFDR Article 9 fund and counts the European Investment Fund and InvestNL among its limited partners.
Resilience scores
- Digital Sovereignty: 0
- Digital Resilience: 7
- Financial Resilience: 7
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Insights
Last updated 2026-08-31 · revision 3
9 direct vendors, 160 subvendors
Direct vendors by controlling owner country (sample)
- United States: 8
- Iceland: 1
Subvendors by controlling owner country (sample)
- Romania: 1
- Netherlands: 2
- Australia: 3
Compliance
12 in-scope frameworks identified; showing 3.
Dutch Wet op het financieel toezicht — No public evidence
Evidence: https://www.afm.nl/en/registers, https://www.afm.nl/en/professionals/topics/aifmd, https://www.dnb.nl/en/supervision/, https://wetten.overheid.nl/BWBR0020368/2024-01-01
EU Whistleblower Protection Directive — No public evidence
Evidence: https://www.4impact.vc/about-us, https://www.government.nl/topics/whistleblowers/whistleblower-protection-act, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32019L1937
SFDR — Evidence found
Evidence: https://www.4impact.vc/sfdr, https://cdn.prod.website-files.com/61fbaee74fc3c2331c5c2667/634d5f6e106e234feaf7a00a_Sustainability%20Risk%20Policy%20(SFDR%20Article%203).pdf, https://cdn.prod.website-files.com/61fbaee74fc3c2331c5c2667/634d5f6e0b3b802800c56d16_Fund%20Level%20Disclosure_%204impact%20Fund%20II%20Coo%CC%88peratief%20U.A..pdf, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32019R2088, https://www.afm.nl/en/professionals/topics/sfdr
Financials
Three-year financials
- 2024:
- 2023:
- 2022:
Financial Resilience Score: 7/10
4impact capital is a small but credible early-stage impact venture capital firm with strong European public-sector LP backing including the European Investment Fund (EIF), Invest-NL, Oost NL, and RVO. Its Fund II closed at €68M in November 2024, representing approximately a 10x scale-up from the initial €6M anchor commitment received in 2019. The firm's Article 9 SFDR classification (the highest EU sustainability designation) makes it attractive to a growing pool of ESG-mandated European capital. The closed-end fund structure with 10-year+ committed capital provides predictable, long-dated fee income and eliminates near-term redemption/liquidity risk. However, the firm operates at modest scale with estimated management-fee revenue of only ~€1.3-2M/year based on typical 2% fees on Fund II, meaning it depends on successive fund closings to sustain operations. Roughly half of Fund II LP capital comes from public/quasi-public institutions, creating policy-dependence risk. The portfolio is concentrated in early-stage seed/Series A investments in capital-intensive climate/energy verticals during a weak European VC exit environment (2022-2025), with no blockbuster exits reported yet — only a first partial exit via the Quan acquisition in 2025 and the Solar Monkey/Eturnity merger in 2026. Manager-level revenue, EBIT and equity figures are not publicly disclosed.
Key strengths: €68M Fund II final close in November 2024 with reputable institutional LPs, Strong public-sector LP backing from EIF, Invest-NL, Oost NL, and RVO, SFDR Article 9 classification attracts ESG-mandated capital, 10-year+ committed closed-end fund structure provides predictable fee income, Diversified portfolio of ~25 companies reduces single-name concentration risk, Experienced founding team from Goldman Sachs, Hayfin, and Mubadala, Active deal-making momentum in 2024-2026 with multiple new investments, First partial exits realized (Quan acquisition 2025; Solar Monkey/Eturnity merger 2026)
Risk factors: Small management-company scale with modest ~€1.5-2M/yr management-fee revenue, High dependence on public/quasi-public LP capital (~50% of Fund II), Early-stage VC carries high loss ratios with 7-10 year exit horizons, Weak European VC exit environment in 2022-2025, Portfolio concentrated in capital-intensive climate/energy verticals requiring follow-on financing, No blockbuster exits reported to date, Currency/geographic dispersion across NL, Germany, Sweden, Norway, Switzerland, Canada, Aspirational €320M AUM figure on website inconsistent with actual €68M Fund II close
Revenue by geography
- Netherlands: 55%
- Germany / DACH: 20%
- Nordics: 15%
- Other (incl. Canada): 10%
Revenue by product/service
- Energy transition / grid / EV / renewables: 38%
- HR-tech / social / well-being: 18%
- Climate / carbon / nature-tech: 18%
- Health-AI / other: 10%
- Circular economy / supply-chain traceability: 10%
- Fund I (legacy): 6%
Workforce by country
- Netherlands: 8
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