Equity participation

Investment within the framework of the Impact Facility

KfW Capital invests through the Impact Facility in German and European impact VC funds that achieve measurable social and ecological effects alongside financial returns. Applications can be submitted at any time.

Energy Efficiency & Renewable Energies Climate Action

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Grant criteria

Application Deadline: Ongoing
Application level: Complex
Region: EU, Germany (nationwide)
Funding amount: €15,000,000
Funding rate: 25%

Funding objective

Promotion of impact venture capital funds that aim not only for financial returns but also for social and ecological impacts, in order to strengthen growth capital financing for technology-oriented companies in Germany and Europe.

Eligible to apply

  • Companies

Funding requirements

  • Systematic addressing of impact goals (intentionality, impact logic, and measurement concept)
  • Classification according to Article 8 or 9 SFDR
  • Fund domicile in Germany or Europe
  • Investment in young, technology-oriented companies, at least in Germany
  • Independent private fund management with relevant impact experience and track record
  • Show more

Documents required for application

  1. Current deck (including management, investment strategy, track record, engagement in Germany)
  2. Investment criteria one-pager

Evaluation criteria

  • Market-standard due diligence with a focus on impact-related capabilities and processes
  • Systematic addressing of impact objectives and theory of change
  • SFDR classification according to Article 8 or 9
  • Own contribution up to a maximum of 25% of the fund volume
  • Relevant experience and track record of the fund management

Description

Investment within the Impact Facility enables targeted participations in impact venture capital funds based in Germany or Europe. KfW Capital provides up to €15 million per fund and assumes a maximum of 25% of the fund volume. The program supports technology-oriented companies and strengthens growth capital financing in the areas of digitalization, energy efficiency, renewable energies, climate protection, as well as research & innovation. Applications can be submitted continuously, with a market-standard due diligence including an extended focus on impact capabilities and processes conducted prior to investment.

A prerequisite for funding is the systematic addressing of social and ecological impact objectives, including clear intentionality, impact logic, and measurement concept. The funds must be classified according to Article 8 or 9 of the SFDR, invest in young, innovative technology companies, and maintain their fund domiciles in Germany or Europe. Independent private management with proven impact expertise and track record, as well as transparent investment and exit strategies, are also required. For the application, a current deck (management, investment strategy, track record, engagement in Germany) and an investment criteria one-pager must be submitted. The Impact Facility targets European impact VC funds that aim to achieve measurable social and ecological effects alongside financial returns.

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