Impact

The Ardian Nature Based Solutions Fund – Averrhoa is a climate impact fund launched by Ardian in collaboration with aDryada, dedicated to financing large-scale nature restoration projects across Latin America, Africa, and Asia. It is structured as an SFDR Article 9 fund and aims to catalyze institutional investment into ecosystems that can deliver both high-integrity carbon credits and measurable biodiversity outcomes. In its first wave of fundraising, the vehicle secured approximately €100 million in anchor commitments from leading development finance institutions, including the European Investment Bank (€50m), Proparco (€20m), and British International Investment (€10m). These early backers reflect growing momentum behind nature as a scalable investment category and aim to attract further capital from corporates and private asset managers focused on net-zero strategies. The strategy focuses on permanent carbon sequestration through afforestation, wetland rehabilitation, and mangrove restoration. It aims to remove 85 million tonnes of CO₂ over a 40‑year horizon while producing co‑benefits such as water resource preservation, local job creation, and habitat revitalization. Projects are screened for additionality, high biodiversity value, and strong MRV (Monitoring, Reporting, Verification) protocols.

The BSocial Impact Fund II is a closed‑end venture capital vehicle managed by Ship2B Ventures, dedicated to investing in early‑stage companies that generate measurable social and environmental impact while pursuing market‑rate financial returns. The fund builds on the team’s track record in impact investing and seeks startup entrepreneurs whose business models are explicitly designed to address systemic challenges such as vulnerable populations, decarbonisation and ecosystem regeneration.The fund focuses on companies with high growth potential across Spain (and potentially beyond) that combine innovation and scalability with strong impact intention. Ship2B Ventures employs rigorous impact‑measurement frameworks (including defined KPIs and Theory of Change) ensuring that investments are not only financially viable but also aligned with measurable positive outcomes for people and planet.Investment opportunities are selected in sectors where technology, disruptive business models and purpose converge — for example healthtech, care for ageing or vulnerable groups, climate tech, circular economy and digital solutions for inclusion. The fund aims to partner with entrepreneurial teams that are committed, experienced and ready to scale. By using blended‑finance mechanisms (including support instruments, first‑loss protection tranches, and technical assistance) the model seeks to mobilise more private capital into impact‑oriented ventures.Through its strategy of “triple return” (financial, social and environmental), the fund aspires to demonstrate that purpose‑driven investment can achieve commercial success while contributing to systemic change. By doing so, it aims to play a key role in strengthening the Spanish impact ecosystem, bridging the gap between venture capital and the goals of social inclusion, climate mitigation and sustainable development.

Unconventional Ventures Fund II is a €80 million impact-focused venture capital fund investing at the pre-seed and seed stages. It centers on inclusive capital allocation to diverse founding teams—particularly women, people of color, immigrants, and LGBTQ+ individuals—across Europe. With a €50 million first close completed in November 2025, the fund positions itself at the forefront of a performance-driven, diversity-led investment thesis. The fund prioritizes startups building scalable, tech-enabled solutions that address global challenges. It looks for founders combining purpose with ambition—often underrepresented in traditional venture networks—and aims to provide catalytic capital to help them unlock early momentum. The firm believes investing in diverse teams not only addresses systemic funding inequities but generates superior outcomes due to untapped market potential. Fund II will focus on sectors that align with impact and sustainability: climate tech, health tech, inclusive fintech, and future-of-learning solutions. Portfolio companies are expected to deliver not just strong financial returns but measurable social or environmental outcomes. The fund applies an intersectional lens to impact, investing at the overlap of innovation, equity, and responsibility. Headquartered in Copenhagen, Unconventional Ventures leverages a pan-European network of co-investors, operators, and advisors. It provides founders with capital, visibility, and long-term partnership. Fund II is a continuation and expansion of the firm’s first fund, which backed 20+ startups and demonstrated that inclusive VC can outperform conventional patterns.