dutch Impact Investors

Overview of Impact Investors and Platforms in

The Netherlands

a publication by
COLOFON INTRODUCTION

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 Smolders
www.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.
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

May 2014

2 3
 1. Venture Capitalists

CONTENT

Chapter 1 Venture Capitalists p. 5 PYMWYMIC ✓ ✓ ✓

Start Green ✓ ✓ ✓
Chapter 2 Crowdfunding Platforms p. 23
Clubs 4 Sustainability ✓ ✓
Chapter 3 Foundations & Funds p. 45 ICOS Capital ✓
Aqua-Spark ✓ ✓
Chapter 4 Informal Investors p. 57
Social Impact Ventures ✓ ✓ ✓ ✓
Chapter 5 Banks p. 63 Van den Ende & Deitmers ✓ ✓
Hoge Dennen Capital ✓ ✓
Appendix Long list p. 73

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 profile for fact checking and additions. Most res-
ponded, some didn’t.

LEGEND

Clean tech Sustainability Creative Social Local

4 5
PYMWYMIC
http://www.pymwymic.com/

INVESTMENT CRITERIA THE PYMWYMIC INVESTOR COMMUNITY

Area(s) of Interest Impact: Social/ Sustainability PYMWYMIC is a pan-European group of families and individual investors who
Ticket Size Investment & Investor specific believe in aligning our capital with their values. Coming primarily from business
Size / Phase Seed/Growth families, the PYMWYMIC community supports entrepreneurs growing businesses
Horizon Investment & Investor specific which do good for the world.
Minority / Majority Unknown
(Corporate) Partners Triodos Bank, ABN AMRO, Omidyar Network, Throughout the year, the Investors’ Community meets at Investor Tables; at dinner &
Stichting DOEN, and others. 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 find support.
OVERVIEW
PYMWYMIC’s base is Amsterdam, but they work with trusted partners around the
Pymwymic is Europe’s most active and longest-standing community of impact inves- world.
tors. Created originally in 1994 by Europe’s (then) ‘next-gen’ influencers, 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 GOOD TO KNOW
significant seed or growth funding.
• PYMWYMIC hosts the Annual April Impact Days, bringing the PYMWYMIC
Enterprise Pymwymic Group BV community together;
• PYMWYMIC is currently working on its new website, which is planned to go
Key team/management Frank van Beuningen live in June 2014.
Margaret McGovern • For more information on investing through Pymwymic, please contact Julia
Julia Chapman Chapman: julia@pymwymic.com

Telephone +31 20 620 4088

Address Amstel 256, Amsterdam

6 7
Start Green
www.startgreen.nl

INVESTMENT CRITERIA CURRENT INVESTMENTS

Area(s) of Interest Clean tech/Sustainability/Energy

Ticket Size € 100k – € 1,5m+
Size / Phase Seed/Early-stage/Growth/Project
Horizon 5 – 8 years
Minority / Majority Minority
Other criteria Pre- prototype financing 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 Fund
Energiefonds Overijssel
Participatiefonds Duurzame Economie
Noord-Holland
OnePlanetCrowd (crowdfunding)
GOOD TO KNOW
• With 2 VC funds, 2 regional energy funds and a crowdfundingplatform, Start
Green can offer flexible financial solutions;
• Partners include ABN AMRO, Stichting DOEN, Triodos Bank, HighTide Invest-
ments, Provinces Overijssel and Noord-Holland, KplusV, Organisatie Advies,
ASN Bank and RHDHV.

Partners Laura Rooseboom

Coenraad de Vries

Telephone +31 20 568 2060

Address Linnaeusstraat 35F, Amsterdam

8 9
Clubs 4 Sustainability
http://www.c4sgroup.eu/

INVESTMENT CRITERIA CURRENT INVESTMENTS

Area(s) of Interest Clean tech/Sustainability C4S’ portfolio companies operate under the C4S label and include companies active
Ticket Size € 0.5M – € 5M in:
Size / Phase Seed/Growth/Restructuring • multi-commodities smart-grid system
Horizon Open-end (average 5 years) • out-of-the-box virtual power plant (VPP)
Minority / Majority Minority stake with preferences • water pollution control system
Other criteria Working proof of concept, global • hazardous waste processing technology
opportunities, repeatability
Corporate partners Royal Haskoning DHV, BAM More information on the portfolio companies is available upon request.

OVERVIEW

Clubs 4 Sustainability (“C4S”) primarily invests in Dutch companies with working

proof-of-concept and scalability in the field of existing and new sustainable tech-
nology. Its focus lies on renewable energy (solar, wind, biomass), energy efficiency GOOD TO KNOW
(smart-grids, storage), water and waste.
• Global market opportunity, repeatability and strong business case are among
Enterprise C4S BV the most important investment considerations;
• C4S brings growth management capabilities and wants the inventor to stay
Team Robert Kreeft focused on the core of the technology;
Martin Ooms • In addition, C4S brings technical and financial know-how and networks.

Telephone +31 413 483 060

Address Bastion 1-5, Sint-Oedenrode

10 11
Icos Capital
www.icoscapitol.com

INVESTMENT CRITERIA CURRENT INVESTMENTS

Area(s) of Interest Clean tech with competitive

advantage and clear solution
Ticket Size Unknown
Size / Phase Seed/Early
Horizon Company specific
Minority / Majority Unknown
Other criteria Strong tech & industry team
Corporate 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. GOOD TO KNOW

Enterprise Icos Capital Management BV • ICOS Capital partly receives funding from the Dutch government through the
well-known “SEED regulation”, which was set up to support innovative SME
Partners Nityen Lal enterprises;
Peter van Gelderen • ICOS Capital has not yet responded to our request to review the information we
Fred van Efferink present to you in this profile.

Telephone +31 20 453 0777

Address Schipholweg 275, Badhoevedorp

12 13
Aqua-Spark
www.aqua-spark.nl

INVESTMENT CRITERIA CURRENT INVESTMENTS

Area of Interest Sustainable aquaculture The Aqua-Spark fund aims to open 30 June 2014 with an initial fund size of €15m
Ticket size € 250k - € 5m (approx. € 8m committed end of March 2014). The founding partners are highly com-
Phase Post proof of concept mitted and pay the current office/employment costs. They have been preparing for
Horizon Evergreen 2.5 years already. As a result they have a strong list of deal flow and expect to make
Minority / Majority Minority (20-49%) the first investments end of Q2 2014.
Partners WorldFish, Global Partnership for Oceans,
Toniic, Fish 2.0 and Sustainable Fisheries Partnership 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
OVERVIEW with them to source and vet deals.

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 fish, shellfish and plants, in ways that
do not harm our oceans. Aqua-Spark investors value the fact that each investment GOOD TO KNOW
aims to create triple impact—financially, environmentally and socially.
• Aqua-Spark wants to create long term partnerships in the field of aquaculture.
Enterprise Aqua-Spark BV As an evergreen Fund Aqua-Spark does not pursue exits;
• Aqua-Spark seeks minority stakes (20-49%) in entrepreneurial companies;
Partners / Management Mike Velings • As a long term partner, Aqua-Spark envisages to make follow up investments.
Amy Novogratz
Robbert Wehrmeijer

Telephone +31 30 8200 369

Address Achter Sint Pieter 5, Utrecht, NL

14 15
Social Impact Ventures
www.socialimpactventures.nl

INVESTMENT CRITERIA CURRENT INVESTMENTS

Area(s) of Interest Social Enterprises In May 2014, SIV will deliver additional information
Ticket Size To be updated
Size / Phase In May 2014, SIV will deliver additional information
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. GOOD TO KNOW
Impact Ventures NL was initiated by Willemijn Verloop and Machtelt Groothuis of
Social Enterprise NL and founding partner the National Postcode Lottery (NPL) and • Social Impact Ventures is currently working on a new website, logo etc.;
its affiliate the DOEN Foundation. • New information will be provided as soon as Social Impact Ventures is ready.

Enterprise Social Impact Ventures NL

Email info@socialimpactventures.nl
Address Herengracht 505,, Amsterdam

16 17
Van den Ende & Deitmers
http://www.endeit.com

INVESTMENT CRITERIA CURRENT INVESTMENTS PAST RELEVANT INVESTMENTS

Area(s) of Interest Digital media & marketing/edu

tech/mobile/e-commerce
Ticket Size € 2m - € 8m
Size / Phase Companies < 1m revenue Sold to TMG in 2010
Horizon 3 – 6 years / Company specific
Minority / Majority 30% or more, not a majority
Other criteria Scalable business model & able to
generate financial profits later
(Corporate) Partners (Corporate)Venture capital funds/angels Sold to Time Warner in 2014

OVERVIEW

Van den Ende & Deitmers is the investment firm of Endemol founder Joop van den
Ende and former member of Endemol’s Executive Board Hubert Deitmers. It is a GOOD TO KNOW
dynamic venture firm driven by entrepreneurial roots and dedicated to building
international cross media companies of lasting value. • VdE&D add value to portfolio companies by helping them with operational and
strategic improvements, buy & build strategies and customer-tailored financing;
Enterprise Van den Ende & Deitmers BV • Hubert Deitmers is Chairman of the Dutch ‘Jong Ondernemen’ foundation and
the LOEY foundation;
Partners / Management Hubert Deitmers • Furthermore he is a supervisory board member of the Nyenrode New Business
Martijn Hamann School and an advisory board member of ACE (Amsterdam Center of Entrepre-
neurship).
Telephone +31 20 294 7777
Address Johannes Vermeerstraat 23, Amsterdam

18 19
De Hoge Dennen Capital
www.dehogedennencapital.nl/

INVESTMENT CRITERIA CURRENT INVESTMENTS

Area(s) of Interest Trade/ICT/Life Sciences/ Production

Ticket Size EUR 4m – EUR 20m
Size / Phase Growth/Expansion
Horizon Long term
Minority / 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 efforts.

Enterprise De Hoge Dennen Capital BV GOOD TO KNOW

Partners / Management Marius Coebergh • De Hoge Dennen has not yet responded to our request to review and add infor-
Marcel van den Heuvel mation in this profile.
James Looman

Telephone +31 35 646 6010

Address Slangenweg 30, Laren

20 21
 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 very
specific 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.

22 23
CrowdAboutNow
www.crowdaboutnow.nl/

CRITERIA SELECTION OF SUCCESSFUL PROJECTS

• Target amount € 35,000
For whom Start-up or established enterprise
• Maturity 48 months
Financing Debt, equity and donations
• Return 12% (3%/yr)
Costs Debt – 1% + 2% yearly success rate
• No. of investors 100
Equity – 1% + 5% one time success rate
Donations - 1% + 3% one time success rate
• 2 campaigns, total target amount € 100,000
Success rate 70% - 73 successful projects
• Maturity 38 months
License AFM license
• Return 15% (4.7%/yr)
Founded 2009
• No. of investors 48

• Target amount € 15,000

OVERVIEW
• Maturity 36 months
• Return 12% (3%/yr)
CrowdAboutNow is the first crowdfunding platform for Dutch entrepreneurs. Crowd
• No. of investors 110
About Now has an AFM (Dutch Financial Authority) license, meaning it has full
license to act as an investment firm. GOOD TO KNOW

Enterprise CrowdAboutNow BV • 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
Founders Tom Vroemen profile.
Mark Laagewaard
Folkert Foppema

Telephone +31 30 4300 516

Address Willem Dreeslaan 16, Utrecht

24 25
Kickstarter
www.kickstarter.com/netherlands

CRITERIA SELECTION OF SUCCESSFUL PROJECTS

• Tailor made bicycle bell
For whom Creative projects, tech
• Target amount $ 25,000
Financing Donations
• Pledged $ 28,851
Costs Donations - 5% one time success rate
• No. of backers 871
+ Amazon payment charge 3-5%
Success rate 44% - 57,000 successful projects
• Mai Mai Miracle (film)
License Unknown
• Target amount $ 30,000
Founded 2009
• Pledged $ 92,350
• No. of backers 1,605

OVERVIEW
• Form 1: 3D printer
• Target amount $ 100,000
Kickstarter is a crowdfunding platform with a specific focus on creative projects such
• Pledged $ 2,945,885
as films, music, art, design, journalism, video games and technology. Kickstarter was
• No. of backers 2,069
founded in 2009 and is currently active in the US, UK, Australia and New Zealand.
People all over the world can support Kickstarter projects. GOOD TO KNOW

Kickstarter was launched in the Netherlands on April 29, 2014. • Kickstarter celebrated its 5th birthday on April 28, 2014;
• Kickstarter NL started on April 29, 2014;
Enterprise Kickstarter, Inc. • 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 profile.

26 27
Greencrowd
www.greencrowd.nl

CRITERIA SELECTION OF SUCCESSFUL PROJECTS

• Funding PV system Rijnstate
For whom Entrepreneurs in renewable energy
• Target amount € 93,400
Financing Debt, equity and donations
• Return 3-5%
Costs Commitment fee € 100 + 3% financing sum
• No. of backers 93
(min. € 1,250) + € 2 per crowd funder per year
administration costs
• Funding hydro power plant Kratochvil
Success rate 90%
• Target amount € 80,000
License AFM exemption
• Return 6-8%
Founded 2012
• No. of backers 44

• Funding PV system city hall Neder-Betuwe

OVERVIEW
• Target amount € 20,000
• Return 4-6,5%
Greencrowd is a non-profit foundation dedicated to accelerating the shift to a rene-
• No. of backers 24
wable energy future. In that context, we provide people and companies the chance of
financially participating in local renewable energy projects. The combination of low GOOD TO KNOW
risks and high returns on investment is typical for all Greencrowd projects.
• 27% of Greencrowd funders invests in more than one project;
Enterprise Stichting Greencrowd • The average investment of crowd funders is € 1,386;
• Politician Liesbeth van Tongeren is member of Greencrowd’s advisory board;
Team Jan Willem Zwang • Website for international projects: Greencrowd.eu.
Martin Marquering

Telephone +31 85 4013 471

Address Utrechtseweg 310, Arnhem

28 29
Voordekunst
www.voordekunst.nl

CRITERIA SELECTION OF SUCCESSFUL PROJECTS

• Online Magazine Hard//Hoofd
For whom Cultural projects
• Target amount € 30,000
Financing Donations - Reward based crowdfunding
• Pledged € 30,050
Costs 5% fee from the target amount
• No. of backers 337
10% fee from the overscore on the target amount
2% transaction
• Red Light Radio
€ 100 start contribution
• Target amount € 30,000
Success rate 76% - 704 successful projects
• Pledged € 30,000
Founded 2010
• No. of backers 186

• De Tostifabriek
OVERVIEW
• Target amount € 14,750
• Pledged € 18,390
Voordekunst is a website where art projects in progress are seeking additional
• No. of backers 204
funding from individuals and companies, also called ‘crowdfunding’. Voordekunst
is transparent and democratic, it encourages entrepreneurship and strengthens the GOOD TO KNOW
support for the arts.
• Already more then € 4,000,000 donated;
Enterprise Foundation voordekunst • More then 40,000 backers;
Team Roy Cremers • Average donation is € 63;
Nico Voskamp • The average no. of backers per project is 88.
Joost Cras
Kristel Casander

Telephone +31 20 894 60 44

Address Kleine-Gartmanplantsoen 21, Amsterdam

30 31
Symbid
www.symbid.com

CRITERIA SELECTION OF SUCCESSFUL PROJECTS

• Solar LED Light with patented technology1
For whom Entrepreneurs
• Target amount € 75,000
Financing Equity
• Invested € 75,000
Costs 5% success fee
• 319 investors
Success rate +/- 30%
License AFM exemption
• Bergens Blonde bio Dutch camembert
Limitations Raising company needs to be a Dutch limited liability
• Target amount € 45,000
company
• Invested € 45,000
Founded 2011
• 102 investors in 3 weeks

• Server heat to heat houses and companies

OVERVIEW
• Target amount: € 55,000
• Invested: € 55,000
Symbid is the 1st listed (OTC market SBID )online funding platform in the world,
• Investors per round: +/- 153
that helps private investors, SME-entrepreneurs and startups come together in a
safe and secure online ecosystem. Entrepreneurs can pitch their business ideas to GOOD TO KNOW
investors.
• Symbid hasn’t shared any additional “good-to-know”, but feel free to visit their
Enterprise Symbid Corporation website www.symbid.com.

Team Korstiaan Zandvliet

Robin Slakhorst
Maarten van der Sanden

The Symbid Team

Telephone +31 10 4135 601

Address Marconistraat 16, Rotterdam

32 33
Share2Start
www.share2start.com

CRITERIA SELECTION OF SUCCESSFUL PROJECTS

For whom Entrepreneurs

Financing Rewards/debt € 1k - € 250k • Mobibus
Costs 3% success fee donation/rewards • Target amount € 15,250
5% success fee debt • ROI 5%/py
Success rate 45%
License AFM exemption • Dutch Solar Boat Team
Founded 2011 • Amount € 3,400
• Rewards

OVERVIEW • Sustainable Event

• Amount € 116,000
Share2start is a crowdfunding platform for Dutch entrepreneurs with a focus on • Sponsorship
sustainable innovation and social entrepreneurship.

GOOD TO KNOW
Enterprise Share2start BV
• Share2start is the first crowdfunding platform for sustainable entrepreneurs
Team Jan Bouw specifically;
Sjoerd van de Meerendonk • Share2start advices and supports entrepreneurs throughout the whole crowd-
Maarten Bouw funding process in order to reach successful funding.

Telephone +31613156797
Address Middenburcht 136, Vleuten

34 35
Wekomenerwel
www.wekomenerwel.nl

CRITERIA SELECTION OF SUCCESSFUL PROJECTS

• Brandmission
For whom Entrepreneurs
• Target amount € 80,000
Financing Bonds, equity, convertible bonds
• Return Fixed rate
Costs Commitment fee (€ 250) + success fee 4%
• No. of backers 57
Success rate 95%
License AFM exemption
• Abyssinia Ballooning
Other criteria Only projects > € 25k
• Target amount € 50,000
Founded 2010
• Return Fixed rate
• No. of backers 28

OVERVIEW
• BotenClub Harbour
• Target amount € 80,000
Wekomenerwel, “the proven way of financing” was founded by Willem des Tombe
• Return Fixed rate
and Mark Hillen. Wekomenerwel guides (starting) companies in their funding pro-
• No. of backers 29
cess by matching them to investors and providing a platform for crowdfunding. Also,
coaching is provided during the process. GOOD TO KNOW

Enterprise Stichting Wekomenerwel • All loans are subordinated loans, which increases the likelihood of other finan-
cers to hop on board after the crowdfunding;
Team Willem des Tombe • The proposition can be designed. Fixed rate return can be offered in combinati-
Mark Hillen on with various company specific returns.
Tom Holtgrefe
Marguerite Evenaar

Contact info@wekomenerwel.nl
Address Herengracht 505, Amsterdam

36 37
Oneplanetcrowd
www.oneplanetcrowd.nl

CRITERIA SELECTION OF SUCCESSFUL PROJECTS

• Personal Solar Power Station
For whom Entrepreneurs with sustainable/social projects
• Target amount € 25,000
Financing Rewards, loans and convertible loans
• Pledged € 213,767 (855%)
Costs Placement fee (€ 200) + success fee 7%
• Return interest + products
Success rate 79% (39 successful projects) in last 6 months
• No. of backers 1428
License AFM exemption
Founded October 2012
• PowerPlane – energy
Partners Start Green, StartLife, Deloitte, KplusV,
• Target amount € 100,000
Kennedy Van der Laan and others
• Pledged € 329,000 (329%)
• Return convertible loans
• No. of backers 272
OVERVIEW
• Car sharing
Oneplanetcrowd is the largest and fastest growing crowdfunding platform for social
• Target amount € 100,000 Pledged € 560,125 (560%)
and sustainable projects in the Netherlands. Oneplanetcrowd is open to projects that
• Return convertible loans
contribute to the environment and/or serve a specific social goal.
• No. of backers 481

Enterprise Stichting Oneplanetcrowd

GOOD TO KNOW
Team Maarten de Jong
• Oneplanetcrowd has a flexible finance model (rewards, loans, convertible loans);
Coenraad de Vries
• It is the largest platform for sustainable and social entrepreneurs;
Laura Rosenboom
• Oneplanetcrowd has over 8,000 active investors.

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

Telephone +31 35 695 8115

Address Flevolaan 41, Naarden

38 39
Geldvoorelkaar.nl
www.geldvoorelkaar.nl

CRITERIA SELECTION OF SUCCESSFUL PROJECTS

• Landgoed Arcadia
For whom Entrepreneurs, start-ups & private persons
• Target amount € 25,000
Financing Debt
• Return 8,5%
Costs € 295 publication fee + 2-5% success fee
• No. of backers 62
Success rate >90%, 450 crowd funded projects
License AFM licence
• Deltaclip
Limitations Joint/personal liability, annuity
• Target amount € 139,000
Founded 2010
• Return 8%
• No. of backers 133
OVERVIEW
• Ecochain Technologies
Geldvoorelkaar.nl is a leading Dutch crowdfunding platform with the largest crowd
• Target amount € 300,000
and the highest success rate. Geldvoorelkaar.nl is licenced by the AFM and provides
• Return 8%
a platform for projects from any sector.
• No. of backers 310

Enterprise Geldvoorelkaar.nl GOOD TO KNOW

Team Martijn van Schelven • Sustainability projects are very popular at Geldvoorelkaar.nl;
Edwin Adams • As the investing crowd is large, the project is also an interesting marketing tool;
Daphne Habets • The founders/credit raters have extended experience in credit services;
• The platform is able to crowd fund € 5k to € 2m.
Telephone +31 85 2733 465
Address Aldegondahof 14, Rhenen

40 41
Seeds
www.seeds.nl

CRITERIA SELECTION OF SUCCESSFUL PROJECTS

• Healthy snacks for kids
For whom Positively innovative entrepreneurs
• Target amount € 35,000
Financing Donations
• Pledged € 35,000
Costs 5% success fee (min. € 2,500) + € 300 start up costs
• No. of backers 168
Success rate Based on pilot 60%
License ABN AMRO Escrow
• Silent/electrical canal boats
Limitations Funding: min. € 20k max. € 225k
• Target amount € 20,000
Founded Pilot started 24-5-12, launch 14-2-14
• Pledged € 20,000
• No. of backers 117

OVERVIEW
• “Sustainable” public communication
• Target amount € 30,000
Seeds.nl is a crowdfunding platform initiated by ABN AMRO. A strong business
• Pledged € 30,000
plan is the beginning of getting access to the Seeds platform. Investments start at €
• No. of backers 45
10, with a maximum of € 5,000.
GOOD TO KNOW
Enterprise Seeds Investment BV
• SEEDS provides entrepreneurs personal guidance before, during and after their
Team Arthur van de Graaf campaign;
Merijn Zaat • What is yours remains yours: investors do not get a share in your company and
Daan Snijders don’t have a claim on your assets;
Jim Rose • Investments: min. €10 max. €5,000.
Stevenie Roseboom

Telephone +31 20 6126476

Address Foppingadreef 22, Amsterdam

42 43
 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 financial independence of the initiative/project and support
projects/companies in the Netherlands.

44 45
Stichting Doen
www.doen.nl

CRITERIA SELECTION OF FUNDS AND PROJECTS

For whom Entrepreneurs and funds / VCs Funds

Financing Subsidies, debt, equity • Start Green
Funding Nationale Postcodeloterij, VriendenLoterij, BankGiro • Tendris Holding BV
Loterij • Gray Ghost DOEN Social Ventures Fund
License ANBI status • BPI Rwanda Fonds
Themes Culture and cohesion
Green and Inclusive Society Projects
Requests/Accepts 1,324/210 = 16% in 2012 Climate
• Energy-U, One Earth Design, Simpa Networks
Culture / Cohesion
OVERVIEW • BAK, Stichting De Veenfabriek, 2012 Architecten, Stichting Operamakers
New Economy
DOEN believes that a green, socially-inclusive and creative society is achievable • B Lab, Cradle To Cradle Institute, Chocolatemakers, Social Enterprise NL,
because the world is full of committed entrepreneurs eager to develop sustainable, Turntoo
cultural and socially-engaged initiatives. People who are not afraid to take risks whi-
le putting their pioneering ideas into practice. DOEN offers these people financial
support and brings them together to connect them. GOOD TO KNOW

Enterprise Stichting DOEN • Stichting DOEN had a joint initiative with the Triodos Bank in Stichting Trio-
dos-Doen, whereby the latter was responsible for fund management. Foundation
Board Nina Tellegen Triodos-DOEN continues under “Triodos Sustainable Finance Foundation”;
Jasper Snoek • Stichting DOEN is involved in the foundation of energy supplier Qurrent.

Telephone +31 20 573 7333

Address Van Eeghenlaan 70, Amsterdam

46 47
Anton Jurgens Fonds
www.antonjurgensfonds.nl

CRITERIA SELECTION OF PROJECTS IN THE NETHERLANDS

For whom Initiators / entrepreneurs • Reintegration project

Financing Donations, equity, debt • Performance loan
Funding Family office • Period 2013-2014
Ticket size Average € 50k • The Netherlands
Horizon 1 - 3 years on average
Themes Food security and Employment • Lifestyle magazine for chronically ill young adults
Criteria Social entrepreneurship, sustainability, personal • Donation
initiative, inspire to add meaning • Period 2012-2014
• The Netherlands
OVERVIEW
• Beer brewery working with psychiatric patients
The Anton Jurgens Foundation’s (AJF) mission is “ To cure and foremost pre- • Donation and credit
vent immaterial and material needs. Specifically those of the economically weak”. • Period 2013-2018
AJF supports initiators with financial aid, knowledge and network and works in
West-Africa, Indonesia, the Netherlands and Belgium.
GOOD TO KNOW
Enterprise Stichting Anton Jurgens Fonds
• The fund currently has approximately 70 projects in the portfolio;
Team Tineke Kemp • The fund starts collaborating with approximately 20 new initiatives a year;
• The average time from application to collaboration is 3 to 6 months.
Telephone +31 318 59 64 00 • More information on the projects can be found on the website.
Address Kwakkenbergweg 62-1, Nijmegen

48 49
FEMI
www.femi.org

CRITERIA SELECTION OF PROJECTS

For whom Local projects throughout the world

Financing Donations / credits (needs to be verified)
Funding Dividends from Werk & Deel Foundation (shareholder
Hoge Raedt Group Holding)
Donations
Horizon Depending on the project
License Not applicable
Themes Self-reliance, involvement, sustainability

OVERVIEW

The Foundation to Earth, Mankind through Inspiration and Initiative (FEMI) offers
opportunities to people to achieve a more dignified existence in a more sustainable
manner. It does so through working together with local communities throughout the GOOD TO KNOW
world.
• FEMI currently has 6 projects, in India, Kenya, the Netherlands, Peru, Nepal,
Enterprise Stichting Femi Tanzania;
• Also, the Zero-Kap trustfund provides credit to people in developing countries;
Team/Board Liesbeth Nagelkerke • In the Netherlands, FEMI is active with “Hotel Heppie”.
Gert-Jan Loedeman • FEMI has not yet responded to our request to review the information we present
to you in this profile.
Telephone +31 35 548 8422
Address Torenlaan 15, Baarn

50 51
Start Foundation
www.startfoundation.nl

CRITERIA
SELECTION OF PROJECTS
For whom Projects / companies
Financing Donations, equity, debt
• Reintegration project of ex-detained
Funding Proceeds sale Start Uitzendbureau to USG
• € 100,000 investment
Themes Employment
• 40 employees
Other criteria Financing must result in jobs or direct view develop
ment of jobs. No individual cases.
• Helping high school drop outs get a work/study
Requests/Accepts 403/41, approximately 10% (2012)
diploma
• € 77,685 investment
OVERVIEW
• Packaging through psychiatric patients
Start Foundation creates, preserves and makes jobs accessible for disadvantaged
• Donation€ 12,500
persons who have no or limited access to the labour market in the Netherlands. Start
• Credit € 25,000
Foundation is an established Venture Philanthropy Fund that makes both grants and
Social Investments.

GOOD TO KNOW
Enterprise Stichting Start Foundation

• In 2012, Start Foundation had outstanding credits to 40 companies, totalling

Project advisors Frederique Gustings
credits outstanding of € 2.2m;
Marinka Traas
• 24 new initiatives received donations, totalling € 237k;
• Direct investments totalled € 2.6m in 2012, approximately 68% of available
Telephone +31 40 246 18 50
funds.
Address Klokgebouw 188, Eindhoven

52 53
Rockstart
www.rockstart.com

SELECTION OF PROJECTS
CRITERIA

For whom Startups

Themes No specific theme
Other criteria Solution and innovation based projects
Founded 2010

OVERVIEW

Rockstart is a startup acceleration company. It calls itself a “startup machine”,

whereas it supports startups in their initial phase (first 1,000 days) towards growth
by providing access to capital, resources and networks. On top of that, Rockstart
offers participants a support infrastructure.

Enterprise Rockstart Accelerator Management BV, Rockstart GOOD TO KNOW

Ventures BV
• “Rockstart Accelerator” is an intensive startup program that helps entrepre-
Founders Oscar Kneppers neurs take their companies from early traction to the global market in 6 months;
Don Ritzen • We have contacted Rockstart several times to review and add the information
Rune Theill Knudsen provided to you in this profile. Unfortunately, they didn’t make it in time for the
first publication.
Contact participate@rockstart.com
Address Herengracht 182, Amsterdam

54 55
 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.

56 57
Ruud Bakhuizen Pieter Geelen
Is Director and Owner of Hooge Raedt Groep Founded TomTom NV
Wanted to do good and founded FEMI in 1995 (see “4. Funds”) Through the Turing Foundation, Mr. Geelen and his wife invest
Is a recurring name in “generous-givers-lists” Investment focus is on Art, Education, Lepra and Nature
But stays below the media radar Still owns 12% in TomTom
Focuses on people, long term, developing countries Company website www.turingfoundation.org
Company website www.femi.org

Pieter Schoen
Rattan Chadha
Is founder and Director of the Nederlandse Energie Maat-
Founded Dutch fashion imperium MEXX schappij (NEM)
Sold the majority of the shares to Liz Claiborne Focuses on new venture entrepeneurs and clearly knows about
Founded CitizenM and Spaces Energy
Focuses on innovation in lifestyle, shifting Recently started Sloopdecrisis.nl through MindGrind, which has a
(global) trends and behaviour mission to open up consumer markets
Develops business ideas from the aspect of contributing to people’s lives in Company website www.mindgrind.nl
a positive manner
Has no website nor LinkedIn

Rombout Swanborn
Martijn Sanders (Co-)Owns Prolab, HyET Solar, ASCOM, Renaissance
An adventurer who made a fortune in oil&gas and now focuses on
Is Chairman of the Vereniging Rembrandt and member of renewable energy and Africa
a well-known art collectors family Invests in renewable energy
Was director at Het Concertgebouw Acquired nearly bankrupt powerfoil factory Helianthos
Charity focus lies on art and linking art and business Read more here http://bit.ly/1ntKkQa
Inherited the art collection of parents Piet & Ida Sanders Company website www.Hyetsolar.nl, www.africas-eden.com
Learn more in this interview: http://bit.ly/1mcsovP

58 59
Allard Jakobs Edwin Berkhout
(Co-)Owns Amsterdam based trading company All Options, (Co-)Owns Typhoon Capital, worked for Duradero and is
through which he made a fortune in the nineties and ex-HR at Econcern
early 00’s Investment focus is on sustainable energy startups
Charity focus seems to be on the Amsterdam youth Information on Edwin Berkhout is scarce , but he indicates on his
Acquired youth theatre De Krakeling in 2007 for an estimated website that he is an informal investor in sustainable
€ 7m energy
Company website www.alloptions.nl Company website www.typhooncapital.eu/team

Frederik van Beuningen Dirk Berkhout

(Co-)Owns Teslin Capital (business partner Aleid Kruize) (Co-)Owns Typhoon Capital, is ex-director of Econcern
The family Van Beuningen is well-known as one of the founders of Investment focus is on innovation and wind energy
SHV and still owns 5% of SHV Works on the development of a large wind farm near
Invests through family office Heuvelrug Participaties Schiermonnikoog (Gemini) since 2010
Investment focus is long term and traditional Econcern went bankrupt in 2009 – Dirk Berkhout had already left
Acquired a stake in delivery service HubHub by then
Company website www.teslin.nl Company website www.typhooncapital.eu

60 61
 5. Banks

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

• We were surprised to find 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 offering 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.

62 63
Impact Accelerator
www.impactaccelerator.nl
INVESTMENT CRITERIA
THE PROCESS
Bank Involved ABN AMRO
What Platform for social entrepreneurs
Process Entrepreneurs pitch for guidance in the process of
financing and optimizing the business case
Phase Break-even stage
Partners 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 offering its network, experience and/or financing.

Enterprise ABN AMRO Innovation Centre

GOOD TO KNOW
Board Paul Iske
• After registration, 10 entrepreneurs are selected to pitch their business case;
Meino Zandwijk
• A maximum of two companies will receive coaching and advise by dutch;
Eric Buckens
• After which introduction to possible investors follows, together with the ABN
AMRO Social Impact Fund.
Address Gustav Mahlerlaan 10, Amsterdam

64 65
Dutch Greentech Fund
www.dutchgreentechfund.nl
INVESTMENT CRITERIA
CURRENT INVESTMENTS
Areas of Interest Agri & Food, Food & Health, Cleantech, Biobased
Ticket Size € 0.5m - € 2.5m
Size / Phase Early stage
Horizon Exit within 4-7 years
Minority / Majority Significant minority
Other 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

GOOD TO KNOW
Team Guus Verhees
• Dutch Greentech Fund has provided no additional information for you to read,
Janneke Blik
please visit their website.
Bram Ledeboer

Telephone +31 887 200 100

Address Amstelplein 6-8, Amsterdam

66 67
ABN AMRO Social Impact Fund

INVESTMENT CRITERIA CURRENT INVESTMENTS

Bank Involved ABN AMRO

Areas of Interest Companies with financial and social return
Total funds available € 10m
Stage Second stage
Horizon Company specific
Minority / Majority Minority (20-49%)
Other criteria Measurable finacial + social return

OVERVIEW

The ABN AMRO Social Impact Fund (SIF) was founded to participate in companies
that want to make an impact, financially as well as socially. Total funding available
for SIF is € 10m.
GOOD TO KNOW
Enterprise ABN AMRO Social Impact Fund BV
• ABN AMRO Social Impact Fund has not yet responded to our request to review
Team Eric Buckens the information we present to you in this profile.

Contact eric.buckens@nl.abnamro.com
Address Gustav Mahlerlaan 10, Amsterdam

68 69
Rabobank Foundation
www.rabobank.com/nl/rabobankfoundation/index.html

INVESTMENT CRITERIA CURRENT PROJECTS

Bank Involved Rabobank

What Foundation
Goal Investing in self-sufficiency
Means Loans, grants, trade finance, guarantees, technical
assistance
Geography Developing countries and The Netherlands

OVERVIEW

Rabobank Foundation supports projects that allow people to become more self-suf-
ficient. 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-sufficient. GOOD TO KNOW

Enterprise Stichting Rabobank Foundation • Several funds were initiated to support the Rabobank Foundation: Rabo Founda-
tion Klantenfonds, Rabo Share4More, Rabo Rural Fund and Inclusive Business
Telephone +31 30 216 0000 Fund.
Address Croeselaan 18, Utrecht • Rabo Foundation has indicated to provide more information, but unfortunately
has not done so before the deadline for publication.

70 71
 Long list

• The long lists we provide are based on our own research, companies’ websites
and news sources;
• The list contains companies who have a (partial) focus on impact investing or
who have recently invested in social enterprises;
• We invite you to provide us with additions to and feedback on this list.

72 73
Venture Capital Regional Capital Development
Amerborgh amerborgh.com BOM (Brabant) bom.nl
Aemstel Ventures aemstel.nl Innovation Quarter (Z-H) innovationquarter.nl
Convent Capital conventcapital.nl LIOF (Limburg) liof.nl
Dinvest dinvest.nl MKB &Techno (Flevoland) mkbfondsen-flevoland.nl
Dutch Creative Ind. Fund dcif.nl NOM (Noord-Nederland) nom.nl
E2 Cleantech e2cleantech.com PMO (Oost-Nederland) ppmoost.nl
Entrepreneurs Fund entrepreneursfund.com PDENH (Noord-Holland) noord-holland.nl
Global Cleantech Capital gccfund.com/home
HENQ Invest
Holland Housing Fund
henq.nl
hollandhousingfund.nl
Crowdfunding platform
Holland Venture hventure.nl
1% club onepercentclub.com
InKef Capital inkef.nl
4just1 (Rabo) 4just1.com
Nedvest nedvest.nl
Appbackr appbackr.com
NPM Capital npm.nl
FundedByMe fundedbyme.com
Planet Capital planetcapital.nl
Groen Beweegt groenbeweegt.nl
Value 8 value8.com
HKB Urban Improvers hkbu.nl
VOC Capital Partners voccp.com
Sellanapp sellanapp.com
Waterland PE waterland.nu

Funds & Foundations a.o.

Adessium Foundation adessium.org
De Groene Zaak (platform) degroenezaak.nl
Iona Stichting iona.nl
Noaber Foundation noaber.com
New Venture (competition) newventure.nl
Social Enterprise (platform) social-enterprise.nl
Stichting de Verre Bergen deverrebergen.nl
TBLI Group (network) tbligroup.com

74 75
 Dear Past,
thank you for
all your lessons.
Dear Future,
I am ready!

Please contact us for more information or questions.

www.dutchimpact.org
+31 35 67 22 550