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Rubio Impact Ventures Raises €110m in Second Fund, Exceeding Target by Almost 40%


October 18, 2021
From Vegconomist
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Rubio Impact Ventures Raises €110m in Second Fund, Exceeding Target by Almost 40% – vegconomist – the vegan business magazine


  • October 18, 2021

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    has closed its second fund with €110m, almost 40% more than its initial target. It now manages €150m of impact capital, four times more than this time last year.

    With this second raise, Rubio plans to fund over 30 impact-focused companies, from Seed to Series A. It used its first fund to invest in eleven companies, including cultivated meat startup , litter collection app Litterati, and fair coffee brand Wakuli.

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    Rubio says its rapid growth is proof that the momentum for impact investment is accelerating, which it says is “incredibly exciting”. Several other impact funds have launched in recent years; for example, Five Seasons Ventures recently announced a for consumer-focused food startups with a quantifiable environmental or social impact. And earlier this year, Beyond Impact launched its for vegan, cruelty-free, and animal-replacing products and services.

    “We want to thank our early days investors in the first and second fund for their trust in our mission and a warm welcome to all the new investors that are joining us,” said Rubio in a statement. “We are excited to continue our mission and inspiring others in the venture capital market to shift towards ever more impact!”




    Source: Vegconomist.com


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