Netherlands impact investor Social Impact Ventures has closed its first fund at $45m, with insurer ASR providing $5.6m and ASN Bank $3.3m.
Netherlands-based investment firm Social Impact Ventures closed its Social IV fund at €40m ($45m) today, with insurance firm ASR providing $5.6m.
The fund also included $3.3m from ASN Venture Capital Fonds, a fund-of-funds operated by socially responsible financial services firm ASN Bank, and contributions from the multilateral European Investment Fund and undisclosed Dutch entrepreneurs, families and institutions.
Social Impact Ventures functions as a cooperative, investing in Netherlands-founded social enterprises that can have a definable, positive and measurable impact on people…
