TLDR:
- Trill Impact has raised €1.3 billion since 2019 across impact private equity, venture capital, and microfinance strategies.
- The €90 million Ventures Fund targets life sciences and green technologies, focusing on impact enablers and historically overlooked markets.
Stockholm-based Trill Impact has raised €1.3 billion ($1.4 billion) since 2019 across impact private equity, venture capital, and microfinance strategies. The company’s inaugural $98 million Ventures Fund aims to invest in clean energy, smart mobility, advanced materials, and life sciences technologies, such as medical devices, vaccines, food tech, and digital health, with a focus on historically overlooked patients and markets lacking access to quality products. The fund targets “impact enablers,” disruptive technologies that reduce emissions, resource consumption, waste, or costs. Trill Impact’s portfolio includes investments in German smart-home energy startup Tado and UK-based Open Cosmos.
Trill Impact’s Johanna Levander acknowledged the challenging environment for venture capital, with a cautious sentiment and lower risk appetite across markets. The Ventures Fund is backed by European institutional investors, including the Nordic financial services group Nordea and the $6 billion Swedish venture capital manager Saminvest. Trill Impact uses impact reporting and managing tools like IRIS+ to measure and manage the impact of their investments. The firm helps portfolio companies develop environmental, social, and good governance practices throughout the value chain and is a signatory of the Operating Principles for Impact management and the Principles for Responsible Investment.
Overall, Trill Impact is strategically targeting life sciences and green technologies with a focus on impact enablers and historically overlooked markets, backed by significant institutional investments and a commitment to impact management and responsible investment practices.
