Rubio Impact Ventures

What Rubio Impact Ventures does

Rubio Impact Ventures is an Amsterdam-based venture capital firm that invests in early-stage companies across Northwest Europe (Netherlands, Germany, UK, France, Belgium) pursuing measurable social and environmental impact. Founded in 2014 as Social Impact Ventures and rebranded in 2020, the firm manages approximately €250 million in assets under management across three funds and holds a portfolio of roughly 40 active investments monitored against 58 impact KPIs. Its investment thesis is organized around two thematic pillars — "People Power" (wellbeing, education, inclusion) and "Planet Paradise" (energy, industry, agrifood) — and explicitly seeks founders and technologies combining human insight with artificial intelligence.

The firm operates a conventional VC economics model supplemented by a distinctive impact-alignment overlay. Management fees are charged against committed/deployed capital, with the firm's differentiated feature being that 100% of performance fees (carried interest) are tied to externally validated impact targets rather than purely financial returns. The portfolio spans sectors such as healthcare (Ditto), language learning (Lingvist), energy decarbonization (RIFT, Chapter, Amber Electric), financial inclusion (OpenUp), employee engagement (GoodUp, Social Handprint), and education (cleverly, Complori, VREY). Notable limited partners include ING Bank, NN Group, the European Investment Fund, Invest-NL, and various family offices.

Rubio positions itself within the top decile of global impact funds based on an independently administered Phenix score of 81 versus an industry average of 65, and is a registered B Corp and signatory to the UN Principles for Responsible Investment, with its third fund structured under the EU Sustainable Finance Disclosure Regulation (SFDR). The firm employs 16–20 people with backgrounds spanning McKinsey, War Child, and the Dutch impact ecosystem. Recent activity includes an €83.1 million co-investment in RIFT's Series B led by PGGM, a €20 million participation in OpenUp's round, and the close of Fund III at €70 million in November 2025.

Name

Rubio Impact Ventures

Legal name

Rubio Fund Management BV

Website

https://rubio.vc

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Rubio Impact Ventures is an Amsterdam-based early-stage venture capital firm managing ~€250M across three funds, investing in ~40 Northwest European companies delivering measurable impact in wellbeing, education, inclusion, energy, and agrifood, with carry fully tied to external impact validation.

Ownership category

akta.pro rank

Product category

Venture Capital / Impact Investing

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Impact / ESG Venture Capital (FSANAAAG)

akta.pro secondary industries

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), Impact Investing (Intentional, Measurable Social/Environmental Outcomes) (FSAAALAC), Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)

Keywords

• Impact venture capital
• Early stage growth capital
• Climate tech investing
• Social innovation funding
• Impact measurement services

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Venture Capital Returns: Rubio generates returns through traditional VC mechanisms including carried interest on fund investments, equity appreciation from portfolio company exits, and management fees from fund administration.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Rubio Impact Ventures is an impact venture capital fund that provides early-stage growth capital to founders building companies combining profit and purpose. The firm manages three successive funds (Fund I, Fund II, and Fund III at €70 million) investing across two thematic areas — People Power (wellbeing, education, inclusion) and Planet Paradise (net zero transitions in energy, industry, agrifood) — while monitoring 58 impact KPIs and linking 100% of performance fees to externally validated impact targets.

Product overview

Rubio Impact Ventures is an Amsterdam-based impact venture capital firm operating as a unified fund platform (not a modular SaaS). The firm manages three successive funds (Fund I, Fund II, and Fund III at €70 million) totaling approximately €220 million in assets under management. The investment approach spans two thematic areas: People Power (wellbeing, education, inclusion) and Planet Paradise (energy, industry, agrifood decarbonization). Rubio differentiates through its 100% impact-tied performance fee model and externally validated impact measurement via Phenix assessments (top 10% globally). The firm maintains approximately 40 active portfolio investments across early-stage growth companies including mental health platform OpenUp, cultivated meat pioneer Mosa Meat, iron fuel technology developer RIFT, childcare platform tiney, healthcare AI app Ditto, and solar metering platform VREY, among others. The firm also co-organizes the annual NN Social Innovation Startup Award providing €100,000 grants to early-stage founders.

Differentiator

Problem solved

Functional benefit

Products and services

• Rubio Fund I First impact fund managed by Rubio Impact Ventures, targeting early-stage social enterprises in the Netherlands with capital for impact-driven ventures.
• Rubio Fund II Second impact fund managed by Rubio Impact Ventures, expanding the portfolio to approximately €150 million in assets under management.
• Rubio Fund III Impact venture capital fund targeting Dutch social enterprises with €70 million in committed capital for climate and social innovation investments across circularity, education, economic inclusion, food systems, energy equity, and green skills sectors.

Quantifiable outcome

• Top 10% global impact fund ranking with score of 81 (vs industry average 65)
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• GoodUp / Social Handprint by MAEXcoreStrategic or Co-development Partner · 16 June 2026Portfolio company GoodUp merged with Social Handprint by MAEX, combining impact expertise and networks for expanded social value measurement platform.
• NN GroupcoreStrategic or Co-development Partner · 26 March 2026Rubio partners with NN Group on the NN Social Innovation Startup Award, created to back early-stage founders closing the well-being gap. Award offers €100,000 grants to impact-driven startups.

Scale indicators7 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Bridges Fund Management: UK-based impact-focused fund manager across private equity, venture, and debt. Comparable given the explicit mission of combining venture-style returns with measurable impact, similar SFDR/Article 9 orientation, and shared European institutional investor pool.
• Pale Blue Dot Ventures: Sweden-based early-stage climate VC. Direct peer competing for similar European pre-seed/seed climate deals (e.g., RIFT, VREY) with comparable thesis on net-zero transitions and similar LP base of European impact-aligned institutions.
• Capricorn Partners: Belgian independent venture and growth capital manager with dedicated cleantech/impact funds. Comparable as a Benelux-headquartered, multi-fund impact/sustainable-tech investor with similar sector coverage and institutional LP base.
• Speedinvest: Vienna-based European early-stage VC with dedicated climate and impact funds. Direct peer given shared seed/Series A focus, pan-European deal sourcing, and overlap in cleantech and deep-tech investments.
• Astanor Ventures: European impact VC fund investing across agrifood, ocean, and climate. Direct peer given shared thesis of equity-style returns from climate-and-food venture investing, similar fund size and stage focus, and overlapping networks of European institutional LPs.
• Triodos Investment Management: Dutch impact investment manager with venture, private debt, and energy funds. Directly comparable as a Netherlands-based impact investor deploying capital into climate and social enterprises with similar LP composition (including European public institutions).
• Active Impact Investments: Swiss impact VC backing early-stage climate solutions in Europe. Directly comparable given shared focus on climate-tech venture investing for measurable environmental outcomes, similar stage focus, and European institutional LP base.

Regional players

• KfW Capital: German government-backed VC fund of funds manager investing in European venture funds. Comparable as a public-mandate, institutionally backed provider of growth capital to European impact and deep-tech ventures, often co-investing alongside Rubio in German deals (e.g., VREY via High-Tech Gründerfonds).
• Invest-NL: Dutch national development bank financing impact scale-ups. Comparable as a Dutch public-mandate investor deploying venture and growth capital into climate/social innovation, also an LP in Rubio Fund III; not a direct competitor but ecosystem counterpart.

Broad incumbents

• Acumen: Global impact investor with a long-running venture arm backing entrepreneurs in energy, health, and agriculture. Broader incumbent peer given its much larger scale and global footprint, but conceptually aligned around impact-measured venture investing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/3960318

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments61 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rubio Impact Ventures