Impact venture fund Rubio Impact Ventures announced that it has raised more than €70 million in commitments for its new impact fund, Rubio Fund III, which will invest in around 30 companies developing scalable solutions to tackle climate change and social inequality.
Founded in 2015, Amsterdam-based Rubio has supported more than 40 fast-growing companies delivering tangible social and environmental change, with a focus on helping to scale entrepreneurs combining impact and returns. Its portfolio includes Sympower, which enables grid flexibility to accelerate the renewable energy transition, NoPalm Ingredients, which develops circular alternatives to palm oil, and OpenUp, which expands access to qualified mental health support.
For its third fund, Rubio said that commitments include new investors including ING Social Impact Investments and the NN Social Innovation Fund, alongside Dutch entrepreneurs, family offices and institutional partners such as the European Investment Fund (EIF), Invest-NL, Oost NL, and Brabantse Ontwikkelingsmaatschappij. In addition, the Netherlands Enterprise Agency (RVO) provided an innovation loan under the Seed Capital scheme.
Machtelt Groothuis, co-founder of Rubio, said:
“In an era of accelerating climate change and social challenges, the most valuable companies of the future are the ones building real solutions for global problems. The launch of our third fund reflects that the impact investing model is recognized, the opportunity is clear, and the urgency has never been greater.”
The new commitments bring Rubio’s total assets under management to €220 million. Rubio said that it intends to continue to invest in early and growth-stage businesses creating scalable solutions for global challenges in climate, circularity, education, and well-being.
Rinke Zonneveld, CEO of Invest-NL, said:
“Rubio is leading the pack in the Dutch impact investing scene. They didn’t just set the standard, they created it. Especially how they don’t just talk about climate but tackle social issues head-on, [it] is inspiring others and convincing institutional investors to enter this space.”
