dutch impact investors

a publication by

dutch Impact InvestorsOverview of Impact Investors and Platforms in

The Netherlands

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COLOFON

This overview is published by dutch Group B.V..You are reading the first version, which was published in May 2014.

Please contact us for more information or questions.Pablo Smolderswww.dutchimpact.org+31 35 67 22 550

DISCLAIMER

This overview was made for your and our information. It is not an investment advice nor a guarantee for finding an investor for your project. Furthermore, we do not believe this overview to be complete, but see it as a conti-nuously developing document. We encourage you to tell us where we could – in your view – improve this overview.

May 2014

INTRODUCTION

There are many philosophies, theories and words to describe the economy of the fu-ture. At dutch, we believe that it all revolves around the idea that companies should do the things they do in a good manner. Good for society, for the environment and for the economy.

One of the things we do, is to give advice and guide (startup) companies with a social and/or sustainable focus in their funding process, amongst other things. To make things easier for ourselves and others around us, we decided to make an overview of what we call “Impact Investors” in the Netherlands; investors who are not only interested in financial return, but also in social and ecological impact. This publication is not static, it is always in progress and you are invited to contribute ideas to improve this overview. This publication is based on public information. Furthermore, we offered the companies mentioned, the opportunity to review and add information to their profile.

Pablo Smolders & Annemarie van Duijn

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CONTENT

Chapter 1 Venture Capitalists p. 5

Chapter 2 Crowdfunding Platforms p. 23

Chapter 3 Foundations & Funds p. 45

Chapter 4 Informal Investors p. 57

Chapter 5 Banks p. 63

Appendix Long list p. 73

LEGEND

1. Venture Capitalists

We did an online search and spoke to several people to identify VCs/PEs that have a (partial) focus on Impact Investing. Next is a (subjective) selection.We sent all selected companies a profi le for fact checking and additions. Most res-ponded, some didn’t.

PYMWYMIC ✓ ✓ ✓Start Green ✓ ✓ ✓Clubs 4 Sustainability ✓ ✓ICOS Capital ✓ Aqua-Spark ✓ ✓Social Impact Ventures ✓ ✓ ✓ ✓Van den Ende & Deitmers ✓ ✓Hoge Dennen Capital ✓ ✓

Clean tech Sustainability Creative Social Local

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PYMWYMIChttp://www.pymwymic.com/

INVESTMENT CRITERIA

Area(s) of Interest Impact: Social/ SustainabilityTicket Size Investment & Investor specifi cSize / Phase Seed/Growth Horizon Investment & Investor specifi cMinority / Majority Unknown(Corporate) Partners Triodos Bank, ABN AMRO, Omidyar Network,

Stichting DOEN, and others.

OVERVIEW

Pymwymic is Europe’s most active and longest-standing community of impact inves-tors. Created originally in 1994 by Europe’s (then) ‘next-gen’ infl uencers, Pymwymic has for 20 years, advocated, catalyzed and invested into impact enterprise. Over these years we’ve together invested many millions and helped 45+ companies with signifi cant seed or growth funding.

Enterprise Pymwymic Group BV

Key team/management Frank van BeuningenMargaret McGovernJulia Chapman

Telephone +31 20 620 4088 Address Amstel 256, Amsterdam

THE PYMWYMIC INVESTOR COMMUNITY

PYMWYMIC is a pan-European group of families and individual investors who believe in aligning our capital with their values. Coming primarily from business families, the PYMWYMIC community supports entrepreneurs growing businesses which do good for the world.

Throughout the year, the Investors’ Community meets at Investor Tables; at dinner & educational evenings and at company site visits in Europe and overseas. Each April, the community gathers for their annual event, Impact Days, where they showcase the inspiring businesses ready to fi nd support.

PYMWYMIC’s base is Amsterdam, but they work with trusted partners around the world.

GOOD TO KNOW

• PYMWYMIC hosts the Annual April Impact Days, bringing the PYMWYMICcommunity together;

• PYMWYMIC is currently working on its new website, which is planned to golive in June 2014.

• For more information on investing through Pymwymic, please contact JuliaChapman: [email protected]

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Start Greenwww.startgreen.nl

INVESTMENT CRITERIA

Area(s) of Interest Clean tech/Sustainability/EnergyTicket Size € 100k – € 1,5m+Size / Phase Seed/Early-stage/Growth/Project Horizon 5 – 8 yearsMinority / Majority MinorityOther criteria Pre- prototype fi nancing through

OnePlanetCrowd (see chapter on crowdfunding platforms)

OVERVIEW

Start Green invests in entrepreneurs who have the ambition to commercialize innovative and sustainable technologies, products or services. Next to capital, Start Green also contributes their expertise and network.

Enterprises / funds Start Green Sustainable Innovation Start Green Consumer Products FundEnergiefonds OverijsselParticipatiefonds Duurzame Economie Noord-HollandOnePlanetCrowd (crowdfunding)

Partners Laura RooseboomCoenraad de Vries

Telephone +31 20 568 2060Address Linnaeusstraat 35F, Amsterdam

CURRENT INVESTMENTS

GOOD TO KNOW

• With 2 VC funds, 2 regional energy funds and a crowdfundingplatform, StartGreen can off er fl exible fi nancial solutions;

• Partners include ABN AMRO, Stichting DOEN, Triodos Bank, HighTide Invest-ments, Provinces Overijssel and Noord-Holland, KplusV, Organisatie Advies,ASN Bank and RHDHV.

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Clubs 4 Sustainabilityhttp://www.c4sgroup.eu/

INVESTMENT CRITERIA

Area(s) of Interest Clean tech/Sustainability Ticket Size € 0.5M – € 5MSize / Phase Seed/Growth/RestructuringHorizon Open-end (average 5 years)Minority / Majority Minority stake with preferencesOther criteria Working proof of concept, global

opportunities, repeatabilityCorporate partners Royal Haskoning DHV, BAM

OVERVIEW

Clubs 4 Sustainability (“C4S”) primarily invests in Dutch companies with working proof-of-concept and scalability in the fi eld of existing and new sustainable tech-nology. Its focus lies on renewable energy (solar, wind, biomass), energy effi ciency (smart-grids, storage), water and waste.

Enterprise C4S BV

Team Robert KreeftMartin Ooms

Telephone +31 413 483 060Address Bastion 1-5, Sint-Oedenrode

CURRENT INVESTMENTS

C4S’ portfolio companies operate under the C4S label and include companies active in: • multi-commodities smart-grid system• out-of-the-box virtual power plant (VPP)• water pollution control system• hazardous waste processing technology

More information on the portfolio companies is available upon request.

GOOD TO KNOW

• Global market opportunity, repeatability and strong business case are amongthe most important investment considerations;

• C4S brings growth management capabilities and wants the inventor to stayfocused on the core of the technology;

• In addition, C4S brings technical and fi nancial know-how and networks.

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Icos Capitalwww.icoscapitol.com

INVESTMENT CRITERIA

Area(s) of Interest Clean tech with competitive advantage and clear solution

Ticket Size UnknownSize / Phase Seed/EarlyHorizon Company specifi cMinority / Majority UnknownOther criteria Strong tech & industry teamCorporate Partners Corbion, Imtech, BAM

OVERVIEW

Icos Capital is an early stage clean tech investor. Icos capital was founded in 2005 and its investment team has over 100 years of cumulative venture capital experience. The Icos Capital team must unanimously agree on each investment proposition.

Enterprise Icos Capital Management BV

Partners Nityen LalPeter van GelderenFred van Eff erink

Telephone +31 20 453 0777 Address Schipholweg 275, Badhoevedorp

GOOD TO KNOW

• ICOS Capital partly receives funding from the Dutch government through thewell-known “SEED regulation”, which was set up to support innovative SMEenterprises;

• ICOS Capital has not yet responded to our request to review the information wepresent to you in this profi le.

CURRENT INVESTMENTS

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Aqua-Sparkwww.aqua-spark.nl

INVESTMENT CRITERIA

Area of Interest Sustainable aquaculture Ticket size € 250k - € 5mPhase Post proof of conceptHorizon EvergreenMinority / Majority Minority (20-49%)Partners WorldFish, Global Partnership for Oceans,

Toniic, Fish 2.0 and Sustainable Fisheries Partnership

OVERVIEW

Aqua-Spark is an investment fund with a focus on sustainable aquaculture busines-ses around the world. Aqua-Spark invests in SMEs who are working towards the pro-duction of safe, accessible aquatic life, such as fi sh, shellfi sh and plants, in ways that do not harm our oceans. Aqua-Spark investors value the fact that each investment aims to create triple impact—fi nancially, environmentally and socially.

Enterprise Aqua-Spark BV

Partners / Management Mike VelingsAmy NovogratzRobbert Wehrmeijer

Telephone +31 30 8200 369Address Achter Sint Pieter 5, Utrecht, NL

CURRENT INVESTMENTS

The Aqua-Spark fund aims to open 30 June 2014 with an initial fund size of €15m (approx. € 8m committed end of March 2014). The founding partners are highly com-mitted and pay the current offi ce/employment costs. They have been preparing for 2.5 years already. As a result they have a strong list of deal fl ow and expect to make the fi rst investments end of Q2 2014.

Aqua-Spark has assembled a highly acclaimed team of seven to oversee the fund and has an active, knowledgeable board. World-renowned institute WorldFish is Aqua-Spark’s partner, and they have 50 of the world’s best aquaculture experts working with them to source and vet deals.

GOOD TO KNOW

• Aqua-Spark wants to create long term partnerships in the fi eld of aquaculture.As an evergreen Fund Aqua-Spark does not pursue exits;

• Aqua-Spark seeks minority stakes (20-49%) in entrepreneurial companies;• As a long term partner, Aqua-Spark envisages to make follow up investments.

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Social Impact Ventureswww.socialimpactventures.nl

INVESTMENT CRITERIA

Area(s) of Interest Social EnterprisesTicket Size To be updatedSize / Phase Horizon Minority / Majority (Corporate) Partners Stichting DOEN, Nationale Postcode Loterij

OVERVIEW

Impact Ventures NL is a Dutch investment organization that will help promising social enterprises achieve their ambitions by providing growth capital and intensive ‘venture assistance’. It is run by a small team of experienced and highly committed investment managers with a mix of investing and (social) entrepreneurship back-grounds. Impact Ventures NL was initiated by Willemijn Verloop and Machtelt Groothuis of Social Enterprise NL and founding partner the National Postcode Lottery (NPL) and its affiliate the DOEN Foundation.

Enterprise Social Impact Ventures NL

Email [email protected] Herengracht 505,, Amsterdam

CURRENT INVESTMENTS

In May 2014, SIV will deliver additional information

GOOD TO KNOW

• Social Impact Ventures is currently working on a new website, logo etc.;• New information will be provided as soon as Social Impact Ventures is ready.

In May 2014, SIV will deliver additional information

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Van den Ende & Deitmershttp://www.endeit.com

INVESTMENT CRITERIA

Area(s) of Interest Digital media & marketing/edu tech/mobile/e-commerce

Ticket Size € 2m - € 8mSize / Phase Companies < 1m revenueHorizon 3 – 6 years / Company specifi cMinority / Majority 30% or more, not a majorityOther criteria Scalable business model & able to

generate fi nancial profi ts later(Corporate) Partners (Corporate)Venture capital funds/angels

OVERVIEW

Van den Ende & Deitmers is the investment fi rm of Endemol founder Joop van den Ende and former member of Endemol’s Executive Board Hubert Deitmers. It is a dynamic venture fi rm driven by entrepreneurial roots and dedicated to building international cross media companies of lasting value.

Enterprise Van den Ende & Deitmers BV

Partners / Management Hubert DeitmersMartijn Hamann

Telephone +31 20 294 7777Address Johannes Vermeerstraat 23, Amsterdam

CURRENT INVESTMENTS PAST RELEVANT INVESTMENTS

GOOD TO KNOW

• VdE&D add value to portfolio companies by helping them with operational andstrategic improvements, buy & build strategies and customer-tailored fi nancing;

• Hubert Deitmers is Chairman of the Dutch ‘Jong Ondernemen’ foundation andthe LOEY foundation;

• Furthermore he is a supervisory board member of the Nyenrode New BusinessSchool and an advisory board member of ACE (Amsterdam Center of Entrepre-neurship).

Sold to TMG in 2010

Sold to Time Warner in 2014

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De Hoge Dennen Capitalwww.dehogedennencapital.nl/

INVESTMENT CRITERIA

Area(s) of Interest Trade/ICT/Life Sciences/ Production Ticket Size EUR 4m – EUR 20mSize / Phase Growth/Expansion Horizon Long termMinority / Majority Unknown

OVERVIEW

De Hoge Dennen Capital is the investment company of the De Rijcke family, the former owners of drugstore chain Kruidvat. De Hoge Dennen preferably invests in family-owned companies and is characterized by its Investment team’s entrepreneu-rial spirit, personal involvement and eff orts.

Enterprise De Hoge Dennen Capital BV

Partners / Management Marius CoeberghMarcel van den HeuvelJames Looman

Telephone +31 35 646 6010Address Slangenweg 30, Laren

CURRENT INVESTMENTS

GOOD TO KNOW

• De Hoge Dennen has not yet responded to our request to review and add infor-mation in this profi le.

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2. Crowdfunding Platforms

CrowdAboutNow ✓ ✓ ✓ ✓ ✓Kickstarter ✓ ✓ ✓ ✓Greencrowd ✓ ✓ ✓Voordekunst ✓ ✓Symbid ✓ ✓ Share2Start ✓ ✓ ✓ ✓ ✓Wekomenerwel ✓ ✓OnePlanetCrowd ✓ ✓ ✓ ✓ ✓Geldvoorelkaar ✓ ✓ ✓ ✓ ✓Seeds ✓ ✓ ✓ ✓ ✓

• Crowdfunding has grown to be a serious option for funding for many entrepre-neurs over the years;

• There are many crowdfunding platforms in the Netherlands, some with a veryspecifi c focus, like Voordekunst and Greencrowd;

• We provide you with a subjective selection;• Also have a look at www.douwenkoren.nl to learn more on crowdfunding.

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CrowdAboutNowwww.crowdaboutnow.nl/

CRITERIA

For whom Start-up or established enterpriseFinancing Debt, equity and donationsCosts Debt – 1% + 2% yearly success rate Equity – 1% + 5% one time success rate Donations - 1% + 3% one time success rateSuccess rate 70% - 73 successful projectsLicense AFM license Founded 2009

OVERVIEW

CrowdAboutNow is the fi rst crowdfunding platform for Dutch entrepreneurs. Crowd About Now has an AFM (Dutch Financial Authority) license, meaning it has full license to act as an investment fi rm.

Enterprise CrowdAboutNow BV

Founders Tom Vroemen Mark Laagewaard Folkert Foppema

Telephone +31 30 4300 516 Address Willem Dreeslaan 16, Utrecht

SELECTION OF SUCCESSFUL PROJECTS

GOOD TO KNOW

• The average no. of investors per project is 51, the average return per year is 5.6%;• CrowdAboutNow has partly reviewed the information we present to you in this

profi le.

• Target amount € 35,000• Maturity 48 months• Return 12% (3%/yr)• No. of investors 100

• 2 campaigns, total target amount € 100,000• Maturity 38 months• Return 15% (4.7%/yr)• No. of investors 48

• Target amount € 15,000• Maturity 36 months• Return 12% (3%/yr)• No. of investors 110

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Kickstarterwww.kickstarter.com/netherlands

CRITERIA

For whom Creative projects, techFinancing DonationsCosts Donations - 5% one time success rate + Amazon payment charge 3-5%Success rate 44% - 57,000 successful projectsLicense UnknownFounded 2009

OVERVIEW

Kickstarter is a crowdfunding platform with a specifi c focus on creative projects such as fi lms, music, art, design, journalism, video games and technology. Kickstarter was founded in 2009 and is currently active in the US, UK, Australia and New Zealand. People all over the world can support Kickstarter projects.

Kickstarter was launched in the Netherlands on April 29, 2014.

Enterprise Kickstarter, Inc.


• Tailor made bicycle bell • Target amount $ 25,000• Pledged $ 28,851• No. of backers 871

• Mai Mai Miracle (fi lm)• Target amount $ 30,000• Pledged $ 92,350• No. of backers 1,605

• Form 1: 3D printer• Target amount $ 100,000• Pledged $ 2,945,885• No. of backers 2,069

GOOD TO KNOW

• Kickstarter celebrated its 5th birthday on April 28, 2014;• Kickstarter NL started on April 29, 2014; • Over $ 1bn has been invested invested in Kickstarter projects worldwide so far;• 70 people work at Kickstarter now;• Kickstarter has not yet responded to our request to review the information we

present to you in this profi le.

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Greencrowdwww.greencrowd.nl

CRITERIA

For whom Entrepreneurs in renewable energyFinancing Debt, equity and donationsCosts Commitment fee € 100 + 3% fi nancing sum (min. € 1,250) + € 2 per crowd funder per year administration costsSuccess rate 90%License AFM exemptionFounded 2012

OVERVIEW

Greencrowd is a non-profi t foundation dedicated to accelerating the shift to a rene-wable energy future. In that context, we provide people and companies the chance of fi nancially participating in local renewable energy projects. The combination of low risks and high returns on investment is typical for all Greencrowd projects.

Enterprise Stichting Greencrowd

Team Jan Willem Zwang Martin Marquering

Telephone +31 85 4013 471 Address Utrechtseweg 310, Arnhem


• Funding PV system Rijnstate• Target amount € 93,400• Return 3-5%• No. of backers 93

• Funding hydro power plant Kratochvil• Target amount € 80,000• Return 6-8%• No. of backers 44

• Funding PV system city hall Neder-Betuwe• Target amount € 20,000• Return 4-6,5%• No. of backers 24

GOOD TO KNOW

• 27% of Greencrowd funders invests in more than one project;• The average investment of crowd funders is € 1,386;• Politician Liesbeth van Tongeren is member of Greencrowd’s advisory board;• Website for international projects: Greencrowd.eu.

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Voordekunstwww.voordekunst.nl

CRITERIA

For whom Cultural projectsFinancing Donations - Reward based crowdfundingCosts 5% fee from the target amount 10% fee from the overscore on the target amount 2% transaction € 100 start contributionSuccess rate 76% - 704 successful projects Founded 2010

OVERVIEW

Voordekunst is a website where art projects in progress are seeking additional funding from individuals and companies, also called ‘crowdfunding’. Voordekunst is transparent and democratic, it encourages entrepreneurship and strengthens the support for the arts.

Enterprise Foundation voordekunst Team Roy Cremers Nico Voskamp Joost Cras Kristel Casander

Telephone +31 20 894 60 44Address Kleine-Gartmanplantsoen 21, Amsterdam


GOOD TO KNOW

• Already more then € 4,000,000 donated;• More then 40,000 backers; • Average donation is € 63;• The average no. of backers per project is 88.

• Online Magazine Hard//Hoofd• Target amount € 30,000• Pledged € 30,050• No. of backers 337

• Red Light Radio• Target amount € 30,000• Pledged € 30,000• No. of backers 186

• De Tostifabriek• Target amount € 14,750• Pledged € 18,390• No. of backers 204

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Symbidwww.symbid.com

CRITERIA

For whom EntrepreneursFinancing EquityCosts 5% success feeSuccess rate +/- 30%License AFM exemptionLimitations Raising company needs to be a Dutch limited liability companyFounded 2011

OVERVIEW

Symbid is the 1st listed (OTC market SBID )online funding platform in the world, that helps private investors, SME-entrepreneurs and startups come together in a safe and secure online ecosystem. Entrepreneurs can pitch their business ideas to investors.

Enterprise Symbid Corporation

Team Korstiaan Zandvliet Robin Slakhorst Maarten van der Sanden

The Symbid Team

Telephone +31 10 4135 601 Address Marconistraat 16, Rotterdam


GOOD TO KNOW

• Symbid hasn’t shared any additional “good-to-know”, but feel free to visit their website www.symbid.com.

• Solar LED Light with patented technology1• Target amount € 75,000• Invested € 75,000• 319 investors

• Bergens Blonde bio Dutch camembert • Target amount € 45,000• Invested € 45,000• 102 investors in 3 weeks

• Server heat to heat houses and companies• Target amount: € 55,000• Invested: € 55,000• Investors per round: +/- 153

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Share2Startwww.share2start.com

CRITERIA

For whom EntrepreneursFinancing Rewards/debt € 1k - € 250kCosts 3% success fee donation/rewards

5% success fee debtSuccess rate 45%License AFM exemptionFounded 2011

OVERVIEW

Share2start is a crowdfunding platform for Dutch entrepreneurs with a focus on sustainable innovation and social entrepreneurship.

Enterprise Share2start BV

Team Jan BouwSjoerd van de MeerendonkMaarten Bouw

Telephone +31613156797Address Middenburcht 136, Vleuten

• Mobibus• Target amount € 15,250• ROI 5%/py

• Dutch Solar Boat Team• Amount € 3,400• Rewards

• Sustainable Event• Amount € 116,000• Sponsorship


GOOD TO KNOW

• Share2start is the fi rst crowdfunding platform for sustainable entrepreneursspecifi cally;

• Share2start advices and supports entrepreneurs throughout the whole crowd-funding process in order to reach successful funding.

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Wekomenerwelwww.wekomenerwel.nl

CRITERIA

For whom EntrepreneursFinancing Bonds, equity, convertible bondsCosts Commitment fee (€ 250) + success fee 4%Success rate 95%License AFM exemptionOther criteria Only projects > € 25kFounded 2010

OVERVIEW

Wekomenerwel, “the proven way of fi nancing” was founded by Willem des Tombe and Mark Hillen. Wekomenerwel guides (starting) companies in their funding pro-cess by matching them to investors and providing a platform for crowdfunding. Also, coaching is provided during the process.

Enterprise Stichting Wekomenerwel

Team Willem des Tombe Mark Hillen Tom Holtgrefe Marguerite Evenaar

Contact [email protected] Address Herengracht 505, Amsterdam


GOOD TO KNOW

• All loans are subordinated loans, which increases the likelihood of other fi nan-cers to hop on board after the crowdfunding;

• The proposition can be designed. Fixed rate return can be off ered in combinati-on with various company specifi c returns.

• Brandmission• Target amount € 80,000• Return Fixed rate• No. of backers 57

• Abyssinia Ballooning• Target amount € 50,000• Return Fixed rate• No. of backers 28

• BotenClub Harbour• Target amount € 80,000• Return Fixed rate• No. of backers 29

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Oneplanetcrowdwww.oneplanetcrowd.nl

CRITERIA

For whom Entrepreneurs with sustainable/social projectsFinancing Rewards, loans and convertible loans Costs Placement fee (€ 200) + success fee 7%Success rate 79% (39 successful projects) in last 6 monthsLicense AFM exemptionFounded October 2012Partners Start Green, StartLife, Deloitte, KplusV, Kennedy Van der Laan and others

OVERVIEW

Oneplanetcrowd is the largest and fastest growing crowdfunding platform for social and sustainable projects in the Netherlands. Oneplanetcrowd is open to projects that contribute to the environment and/or serve a specifi c social goal.

Enterprise Stichting Oneplanetcrowd

Team Maarten de Jong Coenraad de Vries Laura Rosenboom

Entire team http://www.oneplanetcrowd.nl/over

Telephone +31 35 695 8115Address Flevolaan 41, Naarden

• Personal Solar Power Station• Target amount € 25,000 • Pledged € 213,767 (855%) • Return interest + products• No. of backers 1428

• PowerPlane – energy• Target amount € 100,000• Pledged € 329,000 (329%)• Return convertible loans • No. of backers 272

• Car sharing• Target amount € 100,000 Pledged € 560,125 (560%)• Return convertible loans • No. of backers 481


GOOD TO KNOW

• Oneplanetcrowd has a fl exible fi nance model (rewards, loans, convertible loans);• It is the largest platform for sustainable and social entrepreneurs;• Oneplanetcrowd has over 8,000 active investors.

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Geldvoorelkaar.nlwww.geldvoorelkaar.nl

CRITERIA

For whom Entrepreneurs, start-ups & private personsFinancing DebtCosts € 295 publication fee + 2-5% success feeSuccess rate >90%, 450 crowd funded projectsLicense AFM licenceLimitations Joint/personal liability, annuityFounded 2010

OVERVIEW

Geldvoorelkaar.nl is a leading Dutch crowdfunding platform with the largest crowd and the highest success rate. Geldvoorelkaar.nl is licenced by the AFM and provides a platform for projects from any sector.

Enterprise Geldvoorelkaar.nl

Team Martijn van Schelven Edwin Adams Daphne Habets

Telephone +31 85 2733 465Address Aldegondahof 14, Rhenen


• Landgoed Arcadia• Target amount € 25,000• Return 8,5%• No. of backers 62

• Deltaclip• Target amount € 139,000• Return 8%• No. of backers 133

• Ecochain Technologies• Target amount € 300,000• Return 8%• No. of backers 310

GOOD TO KNOW

• Sustainability projects are very popular at Geldvoorelkaar.nl;• As the investing crowd is large, the project is also an interesting marketing tool;• The founders/credit raters have extended experience in credit services;• The platform is able to crowd fund € 5k to € 2m.

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Seedswww.seeds.nl

CRITERIA

For whom Positively innovative entrepreneursFinancing DonationsCosts 5% success fee (min. € 2,500) + € 300 start up costsSuccess rate Based on pilot 60% License ABN AMRO EscrowLimitations Funding: min. € 20k max. € 225kFounded Pilot started 24-5-12, launch 14-2-14

OVERVIEW

Seeds.nl is a crowdfunding platform initiated by ABN AMRO. A strong business plan is the beginning of getting access to the Seeds platform. Investments start at € 10, with a maximum of € 5,000.

Enterprise Seeds Investment BV

Team Arthur van de GraafMerijn ZaatDaan SnijdersJim RoseStevenie Roseboom

Telephone +31 20 6126476Address Foppingadreef 22, Amsterdam


• Healthy snacks for kids• Target amount € 35,000• Pledged € 35,000• No. of backers 168

• Silent/electrical canal boats• Target amount € 20,000• Pledged € 20,000• No. of backers 117

• “Sustainable” public communication• Target amount € 30,000• Pledged € 30,000• No. of backers 45

GOOD TO KNOW

• SEEDS provides entrepreneurs personal guidance before, during and after theircampaign;

• What is yours remains yours: investors do not get a share in your company anddon’t have a claim on your assets;

• Investments: min. €10 max. €5,000.

44 45

3. Foundations & Funds

Stichting DOEN ✓ ✓ ✓ ✓ ✓Anton Jurgens Foundation ✓ ✓FEMI ✓ ✓ ✓ ✓Start Foundation ✓ ✓Rockstart ✓ ✓ ✓ ✓ ✓

• There are many funds/foundations in the Netherlands, most of which don’t have a focus on supporting an initiative which also makes sense economically;

• We provide a (subjective) selection of the funds, which in our view focus on the longer term and/or fi nancial independence of the initiative/project and support projects/companies in the Netherlands.

46 47

Stichting Doenwww.doen.nl

CRITERIA

For whom Entrepreneurs and funds / VCsFinancing Subsidies, debt, equityFunding Nationale Postcodeloterij, VriendenLoterij, BankGiro LoterijLicense ANBI status Themes Culture and cohesion Green and Inclusive SocietyRequests/Accepts 1,324/210 = 16% in 2012

OVERVIEW

DOEN believes that a green, socially-inclusive and creative society is achievable because the world is full of committed entrepreneurs eager to develop sustainable, cultural and socially-engaged initiatives. People who are not afraid to take risks whi-le putting their pioneering ideas into practice. DOEN off ers these people fi nancial support and brings them together to connect them.

Enterprise Stichting DOEN

Board Nina Tellegen Jasper Snoek Telephone +31 20 573 7333Address Van Eeghenlaan 70, Amsterdam

SELECTION OF FUNDS AND PROJECTS

Funds• Start Green • Tendris Holding BV• Gray Ghost DOEN Social Ventures Fund• BPI Rwanda Fonds

ProjectsClimate • Energy-U, One Earth Design, Simpa NetworksCulture / Cohesion • BAK, Stichting De Veenfabriek, 2012 Architecten, Stichting OperamakersNew Economy • B Lab, Cradle To Cradle Institute, Chocolatemakers, Social Enterprise NL,

Turntoo

GOOD TO KNOW

• Stichting DOEN had a joint initiative with the Triodos Bank in Stichting Trio-dos-Doen, whereby the latter was responsible for fund management. Foundation Triodos-DOEN continues under “Triodos Sustainable Finance Foundation”;

• Stichting DOEN is involved in the foundation of energy supplier Qurrent.

48 49

Anton Jurgens Fondswww.antonjurgensfonds.nl

CRITERIA

For whom Initiators / entrepreneursFinancing Donations, equity, debtFunding Family offi ceTicket size Average € 50k Horizon 1 - 3 years on averageThemes Food security and EmploymentCriteria Social entrepreneurship, sustainability, personal initiative, inspire to add meaning

OVERVIEW

The Anton Jurgens Foundation’s (AJF) mission is “ To cure and foremost pre-vent immaterial and material needs. Specifi cally those of the economically weak”. AJF supports initiators with fi nancial aid, knowledge and network and works in West-Africa, Indonesia, the Netherlands and Belgium.

Enterprise Stichting Anton Jurgens Fonds

Team Tineke Kemp

Telephone +31 318 59 64 00Address Kwakkenbergweg 62-1, Nijmegen

SELECTION OF PROJECTS IN THE NETHERLANDS

GOOD TO KNOW

• The fund currently has approximately 70 projects in the portfolio;• The fund starts collaborating with approximately 20 new initiatives a year;• The average time from application to collaboration is 3 to 6 months. • More information on the projects can be found on the website.

• Reintegration project• Performance loan• Period 2013-2014• The Netherlands

• Lifestyle magazine for chronically ill young adults• Donation• Period 2012-2014 • The Netherlands

• Beer brewery working with psychiatric patients• Donation and credit• Period 2013-2018

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FEMIwww.femi.org

CRITERIA

For whom Local projects throughout the worldFinancing Donations / credits (needs to be verifi ed)Funding Dividends from Werk & Deel Foundation (shareholder Hoge Raedt Group Holding) DonationsHorizon Depending on the projectLicense Not applicableThemes Self-reliance, involvement, sustainability

OVERVIEW

The Foundation to Earth, Mankind through Inspiration and Initiative (FEMI) off ers opportunities to people to achieve a more dignifi ed existence in a more sustainable manner. It does so through working together with local communities throughout the world.

Enterprise Stichting Femi

Team/Board Liesbeth Nagelkerke Gert-Jan Loedeman Telephone +31 35 548 8422Address Torenlaan 15, Baarn

SELECTION OF PROJECTS

GOOD TO KNOW

• FEMI currently has 6 projects, in India, Kenya, the Netherlands, Peru, Nepal, Tanzania;

• Also, the Zero-Kap trustfund provides credit to people in developing countries;• In the Netherlands, FEMI is active with “Hotel Heppie”.• FEMI has not yet responded to our request to review the information we present

to you in this profi le.

52 53

Start Foundationwww.startfoundation.nl

CRITERIA

For whom Projects / companiesFinancing Donations, equity, debtFunding Proceeds sale Start Uitzendbureau to USGThemes EmploymentOther criteria Financing must result in jobs or direct view develop ment of jobs. No individual cases.Requests/Accepts 403/41, approximately 10% (2012)

OVERVIEW

Start Foundation creates, preserves and makes jobs accessible for disadvantaged persons who have no or limited access to the labour market in the Netherlands. Start Foundation is an established Venture Philanthropy Fund that makes both grants and Social Investments.

Enterprise Stichting Start Foundation

Project advisors Frederique Gustings Marinka Traas Telephone +31 40 246 18 50Address Klokgebouw 188, Eindhoven


• Reintegration project of ex-detained• € 100,000 investment• 40 employees

• Helping high school drop outs get a work/study diploma

• € 77,685 investment

• Packaging through psychiatric patients• Donation€ 12,500• Credit € 25,000

GOOD TO KNOW

• In 2012, Start Foundation had outstanding credits to 40 companies, totalling credits outstanding of € 2.2m;

• 24 new initiatives received donations, totalling € 237k;• Direct investments totalled € 2.6m in 2012, approximately 68% of available

funds.

54 55

Rockstartwww.rockstart.com

CRITERIA

For whom StartupsThemes No specifi c themeOther criteria Solution and innovation based projectsFounded 2010

OVERVIEW

Rockstart is a startup acceleration company. It calls itself a “startup machine”, whereas it supports startups in their initial phase (fi rst 1,000 days) towards growth by providing access to capital, resources and networks. On top of that, Rockstart off ers participants a support infrastructure.

Enterprise Rockstart Accelerator Management BV, Rockstart Ventures BV

Founders Oscar Kneppers Don Ritzen Rune Theill Knudsen Contact [email protected] Herengracht 182, Amsterdam


GOOD TO KNOW

• “Rockstart Accelerator” is an intensive startup program that helps entrepre-neurs take their companies from early traction to the global market in 6 months;

• We have contacted Rockstart several times to review and add the information provided to you in this profi le. Unfortunately, they didn’t make it in time for the fi rst publication.

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4. Informal Investors

Ruud Bakhuizen ✓ ✓ ✓ ✓Rattan Chadha ✓Martijn Sanders ✓ ✓Pieter Geelen ✓ ✓ ✓ ✓Pieter Schoen ✓ ✓Rombout Swanborn ✓ ✓Allard Jakobs ✓ ✓Frederik van Beuningen ✓Edwin Berkhout ✓ Dirk Berkhout ✓ ✓

• Informal investors don’t have the tendency to communicate too much about their investments;

• Most links to “informals” are network or person related;• Our overview of informals investors is based on public information;• We encourage informal impact investors to get in touch with us.

58 59

Ruud BakhuizenIs Director and Owner of Hooge Raedt GroepWanted to do good and founded FEMI in 1995 (see “4. Funds”)Is a recurring name in “generous-givers-lists”But stays below the media radarFocuses on people, long term, developing countriesCompany website www.femi.org

Rattan ChadhaFounded Dutch fashion imperium MEXXSold the majority of the shares to Liz ClaiborneFounded CitizenM and SpacesFocuses on innovation in lifestyle, shifting (global) trends and behaviourDevelops business ideas from the aspect of contributing to people’s lives in a positive manner Has no website nor LinkedIn

Martijn SandersIs Chairman of the Vereniging Rembrandt and member of a well-known art collectors familyWas director at Het ConcertgebouwCharity focus lies on art and linking art and businessInherited the art collection of parents Piet & Ida SandersLearn more in this interview: http://bit.ly/1mcsovP

Pieter GeelenFounded TomTom NV Through the Turing Foundation, Mr. Geelen and his wife invest Investment focus is on Art, Education, Lepra and NatureStill owns 12% in TomTom Company website www.turingfoundation.org

Pieter Schoen Is founder and Director of the Nederlandse Energie Maat- schappij (NEM)Focuses on new venture entrepeneurs and clearly knows about EnergyRecently started Sloopdecrisis.nl through MindGrind, which has a mission to open up consumer markets Company website www.mindgrind.nl

Rombout Swanborn(Co-)Owns Prolab, HyET Solar, ASCOM, RenaissanceAn adventurer who made a fortune in oil&gas and now focuses on renewable energy and AfricaInvests in renewable energy Acquired nearly bankrupt powerfoil factory HelianthosRead more here http://bit.ly/1ntKkQaCompany website www.Hyetsolar.nl, www.africas-eden.com

60 61

Allard Jakobs(Co-)Owns Amsterdam based trading company All Options, through which he made a fortune in the nineties and early 00’sCharity focus seems to be on the Amsterdam youthAcquired youth theatre De Krakeling in 2007 for an estimated € 7mCompany website www.alloptions.nl

Frederik van Beuningen(Co-)Owns Teslin Capital (business partner Aleid Kruize)The family Van Beuningen is well-known as one of the founders of SHV and still owns 5% of SHV Invests through family offi ce Heuvelrug ParticipatiesInvestment focus is long term and traditionalAcquired a stake in delivery service HubHub Company website www.teslin.nl

Edwin Berkhout(Co-)Owns Typhoon Capital, worked for Duradero and is ex-HR at EconcernInvestment focus is on sustainable energy startupsInformation on Edwin Berkhout is scarce , but he indicates on his website that he is an informal investor in sustainable energy Company website www.typhooncapital.eu/team

Dirk Berkhout(Co-)Owns Typhoon Capital, is ex-director of EconcernInvestment focus is on innovation and wind energyWorks on the development of a large wind farm near Schiermonnikoog (Gemini) since 2010 Econcern went bankrupt in 2009 – Dirk Berkhout had already left by then Company website www.typhooncapital.eu

62 63

5. Banks

Impact Accelerator ✓ ✓ ✓Dutch Greentech Fund ✓ ✓ ✓AA Social Impact FundRabobank Foundation ✓ ✓ ✓

• We were surprised to fi nd out that of all the large Dutch banks, only ABN AMRO and Rabobank have a policy to invest directly into “sustainable busines-ses”;

• The Dutch Greentech fund (Rabo) and ABN AMRO Social Impact Fund invest in (social) innovations;

• Other banks limit their involvement by off ering the client the possibility to invest in funds of (traded) innovative/sustainable companies.

• It was not so easy to get in touch with the banks however, but we’re happy they’re here.

64 65

Impact Acceleratorwww.impactaccelerator.nl

INVESTMENT CRITERIA

Bank Involved ABN AMROWhat Platform for social entrepreneursProcess Entrepreneurs pitch for guidance in the process of fi nancing and optimizing the business casePhase Break-even stagePartners Dialogues Incubator, dutch, ABN AMRO Social Impact Fund

OVERVIEW

Impact Accelerator is a startup accelerator, whose goal it is to advise and coach soci-al entrepreneurs through off ering its network, experience and/or fi nancing.

Enterprise ABN AMRO Innovation Centre

Board Paul Iske Meino Zandwijk Eric Buckens

Address Gustav Mahlerlaan 10, Amsterdam

THE PROCESS

GOOD TO KNOW

• After registration, 10 entrepreneurs are selected to pitch their business case;• A maximum of two companies will receive coaching and advise by dutch;• After which introduction to possible investors follows, together with the ABN

AMRO Social Impact Fund.

66 67

Dutch Greentech Fundwww.dutchgreentechfund.nl

INVESTMENT CRITERIA

Areas of Interest Agri & Food, Food & Health, Cleantech, BiobasedTicket Size € 0.5m - € 2.5m Size / Phase Early stageHorizon Exit within 4-7 yearsMinority / Majority Signifi cant minorityOther Strong management in place

OVERVIEW

Dutch Greentech Fund (DGF), a collaboration of Rabobank, TU Delft, Wageningen UR and WNF, invests in ambitious entrepreneurs who develop ground breaking innovations which contribute to a sustainable society

Enterprise Dutch Greentech Fund BV

Team Guus VerheesJanneke BlikBram Ledeboer

Telephone +31 887 200 100Address Amstelplein 6-8, Amsterdam

CURRENT INVESTMENTS

GOOD TO KNOW

• Dutch Greentech Fund has provided no additional information for you to read,please visit their website.

68 69

ABN AMRO Social Impact Fund

INVESTMENT CRITERIA

Bank Involved ABN AMROAreas of Interest Companies with fi nancial and social returnTotal funds available € 10mStage Second stageHorizon Company specifi cMinority / Majority Minority (20-49%)Other criteria Measurable fi nacial + social return

OVERVIEW

The ABN AMRO Social Impact Fund (SIF) was founded to participate in companies that want to make an impact, fi nancially as well as socially. Total funding available for SIF is € 10m.

Enterprise ABN AMRO Social Impact Fund BV

Team Eric Buckens

Contact [email protected] Gustav Mahlerlaan 10, Amsterdam

CURRENT INVESTMENTS

GOOD TO KNOW

• ABN AMRO Social Impact Fund has not yet responded to our request to reviewthe information we present to you in this profi le.

70 71

Rabobank Foundationwww.rabobank.com/nl/rabobankfoundation/index.html

INVESTMENT CRITERIA

Bank Involved RabobankWhat FoundationGoal Investing in self-suffi ciencyMeans Loans, grants, trade fi nance, guarantees, technical

assistanceGeography Developing countries and The Netherlands

OVERVIEW

Rabobank Foundation supports projects that allow people to become more self-suf-fi cient. Rabobank’s target group are the millions of small farmers that form the basis for the supply chain in developing countries. In the Netherlands, Rabobank Foundation helps the underprivileged to become more economically and socially self-suffi cient.

Enterprise Stichting Rabobank Foundation

Telephone +31 30 216 0000Address Croeselaan 18, Utrecht

CURRENT PROJECTS

GOOD TO KNOW

• Several funds were initiated to support the Rabobank Foundation: Rabo Founda-tion Klantenfonds, Rabo Share4More, Rabo Rural Fund and Inclusive BusinessFund.

• Rabo Foundation has indicated to provide more information, but unfortunatelyhas not done so before the deadline for publication.

72 73

Long list

• The long lists we provide are based on our own research, companies’ websitesand news sources;

• The list contains companies who have a (partial) focus on impact investing orwho have recently invested in social enterprises;

• We invite you to provide us with additions to and feedback on this list.

74 75

Venture CapitalAmerborgh amerborgh.comAemstel Ventures aemstel.nlConvent Capital conventcapital.nlDinvest dinvest.nlDutch Creative Ind. Fund dcif.nlE2 Cleantech e2cleantech.comEntrepreneurs Fund entrepreneursfund.comGlobal Cleantech Capital gccfund.com/homeHENQ Invest henq.nlHolland Housing Fund hollandhousingfund.nlHolland Venture hventure.nlInKef Capital inkef.nlNedvest nedvest.nlNPM Capital npm.nlPlanet Capital planetcapital.nlValue 8 value8.comVOC Capital Partners voccp.comWaterland PE waterland.nu

Regional Capital DevelopmentBOM (Brabant) bom.nlInnovation Quarter (Z-H) innovationquarter.nlLIOF (Limburg) liof.nlMKB &Techno (Flevoland) mkbfondsen-flevoland.nlNOM (Noord-Nederland) nom.nlPMO (Oost-Nederland) ppmoost.nlPDENH (Noord-Holland) noord-holland.nl

Crowdfunding platform1% club onepercentclub.com4just1 (Rabo) 4just1.comAppbackr appbackr.comFundedByMe fundedbyme.comGroen Beweegt groenbeweegt.nlHKB Urban Improvers hkbu.nlSellanapp sellanapp.com

Funds & Foundations a.o.Adessium Foundation adessium.orgDe Groene Zaak (platform) degroenezaak.nlIona Stichting iona.nlNoaber Foundation noaber.comNew Venture (competition) newventure.nlSocial Enterprise (platform) social-enterprise.nlStichting de Verre Bergen deverrebergen.nlTBLI Group (network) tbligroup.com

Please contact us for more information or questions.www.dutchimpact.org+31 35 67 22 550

Dear Past, thank you for all your lessons.Dear Future,I am ready!

dutch impact investors

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