The new renowned investors include Landwirtschaftliche Rentenbank, Allianz France, Invest NL, GCV, Firmenich and others, according to a press release of the fund earlier this week.

Initiated by the European Commission (EC) to build a long-term sustainable economy and drive the transformation from a fossil-based to a bio-based circular economy, the Venture Capital Fund was established in 2020 with a pledge of €100 million from the European Investment Bank (EIB).

The EIB investment backed by “InnovFin - EU Finance for Innovators”, an initiative of the Horizon 2020 framework program of the European Union for Research and Technological Development (2014-2020).

The money flows exclusively into growth companies in the bioeconomy and the biobased circular economy that commits with Environmental, Social, and Governance (ESG) integration.

According to the experts of the impact fund European Circular Bioeconomy Fund (ECBF), after digitalization, the next global wave of transformation is rolling in - the Bio Revolution. This means a change from a linear, fossil-based economy to a sustainable, bio-based economy within which the European bioeconomy will play a decisive role.

While visionary founders often lack the necessary growth capital to scale their solutions internationally, the ECBF closes this financing gap in cooperation with private and public investors.

”The ECBF is convinced that return and impact go hand in hand. The funds raised are invested in companies with high economic potential in the bioeconomy and bio-based circular economy sectors. As an Article 9 fund in the sense of the Sustainable Finance Disclosure Regulation (SFDR), every investment of the fund is screened for ESG criteria and thus contributes to the achievement of European environmental goals”.