Ship2B Ventures, EIF, Banco Sabadell back impact fund
Ship2B Ventures, a venture capital management firm specialized in impact investing based in Barcelona, together with the European Union and European Investment Fund and Banco Sabadell are backing the launch of the BSocial Impact Fund.
The impact venture capital fund has already reached €38 million in its second closing and aims to exceed €45 million. The new fund will be the largest impact venture capital fund for start-ups in Spain and it will focus on seed and early-stage social enterprises, targeting startups that aim to tackle three major challenges: improve the quality of life of vulnerable groups - such as the elderly, people with disabilities or with chronic illness; fight climate change; and eradicate education skill gaps.
The fund is also supported by other institutional investors such as AXIS-venture capital subsidiary of Grupo ICO-, Repsol Impacto Social and Fundación Anesvad, by leading families such as Puig, Elias, Castelló, Knuth, Pont, Ângela Impact Economy as well as by entrepreneurs such as the founders of Holaluz, Privalia, Socialpoint, SocialCar, Trovit, Cooltra and Glovo.
