2024年影响力公司投资报告（英）-40正式版

MainpartnersOtherImpactpartners

Dealroom.coisaglobalintelligenceplatformfordiscoveringand

trackingthemostpromisingcompanies,technologiesandecosystems.

ImpactCityTheHagueisaleadingEuropeanecosystemfor

organisationsthatcombine'doinggoodanddoingbusiness'.We

facilitateinnovativeentrepreneursinstartingandscalinguptheir

businesses.

Knowledgepartners

Micr

mission-drivencompaniesworkingtowardstheUNSDGs,helping

themtoexpandtheirbusinessesandamplifytheirinfluencethrough

carefullycr

Planet+

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Whatyouneedtoknow

StrongglobalslowdowninimpactVC

fundingdespitetheneedforamassive

accelerationonSDGprogress.

Impactstartupshaveraised$33Bin2024sofar,

aprojected28%dropfromthepreviousyear.

ThishasbeenworsethantheglobalVCcapital

declineof4%duringthesameperiod.

Thisdropisespeciallyworryingsincenoneof

the17goalsison-tracktobeachievedby2030.

Inaddition,Impactstartupsarestillwortha

combined$2.4T,withprivatevaluealmost

two-foldthatof2021.

TheUSandEuropearepracticallyonpar

asleadersbyImpactVCfundingthis

year.

TheUShasnowreclaimedthetopspotithad

losttoEuropelastyearbutEuroperemainsthe

regionwiththehighestshareofimpactfunding

(28%vs10%).

Since2020,only10%ofclimateadaptation

fundinghasreachedlow-incomecountries.Not

onlydothesecountriessufferfrommore

climatedisasterswhilecontributingtolessthan

1%ofglobalemissions,buttheyareaffected

10xharderthanwealthierones.

Climatetechdominates

Climate-relatedSDGsattract,byfar,thevast

majorityofimpactinvestment.

Ontheotherhand,startupsaddressing

social-relatedUNSDGsareunderfunded.

SeveralClimateTechsegmentsareamongthe

fastestgrowingventurecapitalsegmentssuch

asgreensteel,solarenergy,lithiummining,

carbonaccountingandindustrial

electrification.

ClimatetechVCfundingisdown30%fromlast

year,butPE,projectfinanceanddebtarefilling

thegap.

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Source:Dealroom.co

1Investmentoverview

Page/4

Impact

companiesare

nowworth

$2.4T,aslight

declinefromthe

$2.7Tpeakin

2021however

privatevalueis

almosttwo-fold

thatof2021.

EnterprisevalueofImpactStartups»viewonline

Page/5

Source:

Dealroom.co.

Sumofthevaluationsofstartupsf

basedonmostrecentVCrounds,publicmarketsandpubliclydisclosedvaluations

asofOct1st2024.

In2024,$33B

wasdirectedto

impactfunding

sofar,projected

toreach$37Bby

yearsend.

Venturecapitalinvestmentintoglobalimpactstartups»viewonline

▊$0–1m(pre-seed)▊$1–4m(seed)▊$4–15m(seriesA)▊$15–40m(seriesB)▊$40–100m(seriesC)▊$100–250m(megarounds)

▊$250m+(mega+)▊Projection

Page/6

Source:Dealroom.co.

DataasofOct22nd2024.

Asanindustry,Impactisthe3rdmostfundedin2024globallybutshowsmore

declinethanmostothertopindustriesandseven-foldtheglobalaveragerate.

TopIndustriesbyVCFunding

Averageglobaldrop

-4%

Page/7

Source:

Dealroom.co-DataasofOct22nd2024.

Growthcomputedcomparing2023andprojectionof2024valuesatyearsend.

Someindustriesoverlap,forinstancefundingofsometransportationandenergycompanieswillbeunderimpactaswell.

TheUSandEuropearepracticallyonparasleadersbyImpactVCfundingthis

year,buttheUShasreclaimedthetopspotithadlosttoEuropelastyear.

TopRegionsbyImpactVCFunding

»viewonline

Page/8

Source:Dealroom.co.

DataasofOct22nd2024.

SlowerimpactinvestmentsareespeciallyworryingbecauseSDGsareslippingout

ofreach.Noneofthe17goalsison-tracktobeachievedby2030.

Progressassessmentforthe17goals,2024*

All17SDGsarefarfrombeingontrackfor2030objectives.

Onlyahandfulofsubsidiarytargetsforanygoalareeven

close.

▊Ontrackortargetmet(%)▊Fairprogress,butaccelerationneeded(%)

▊Stagnationorregression(%)▊Insufficientdata(%)

Progressonmorethan50%oftargetsoftheSDGsis

weakandinsufficient;on30%,ithasstalledorgone

intoreverse.

Theseincludekeytargetsonpoverty,hungerand

climate.

“

Unlessactionistakennow,the“2030Agendacouldbecomeanepitaphforaworldthatmighthavebeen”

-UNSecretary-GeneralAntónioGuterres

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Source:Dealroom.co.

*TheSustainableDevelopmentGoalsReport2024

Goal#10:Reducedinequalitiesisoneofthemostimportantbutworstperforming

SDG.

SDG10isoneofthepoorest-performinggoals,with26Distributionofglobalwealth

individualsholdingasmuchwealthashalftheworld's

population.

Middle

40%

ofpeople

76%

ofwealth

22%

ofwealth

Richest

10%

ofpeople

Poorest

50%

ofpeople2%

ofwealth

Progressishinderedbythecomplexityofitstargets,whichcoverincomegrowth,

socialinclusion,equalopportunities,andfinancialregulation.Despiteefforts,thegap

betweenrichandpoorcontinuestowiden,worsenedbyconflictsandnatural

disastersthatdisproportionatelyaffectvulnerablegroups.

AmajorissuehinderingSDG10isthatreducinginequalitydependsonadvancements

inotherSDGswhichcanhelpredistributewealthandreduceeconomicdisparities.

Simultaneously,SDG10isalsocrucialforachievingothergoalslikereducing

hunger,improvinghealth,expandingeducation,promotinggenderequality,and

fosteringpeace.

Inequalityisalsocloselylinkedwithclimateaction.Policymakersaimingtomeet

GHGemissiontargetsmustensurethatmarginalizedgroupsarenotoverlooked,as

thewhilecreatingnew

opportunitiesthroughclimateregulationsandtechnology.

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Source:Dealroom.co.

Illuminem

272Impact

companies

foundedsince

2000have

reachedUnicorn

status.

Cumulativenumberofglobalimpactunicorns

#7Affordable

&cleanenergy

#11Sustainablecities

&communities

9weremintedin

2024sofar.

#3Goodhealth

&wellbeing

Viewall»

Page/11

Source:Dealroom.co.

DataasofOct22nd2024.

ClimateAction

andAffordable&

CleanEnergyare

byfarthemost

funded

Sustainable

Development

Goals.

GlobalVCfundingperSustainableDevelopmentGoal(2019to2024YTD)

Viewonline»

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Source:Dealroom.co.

DataasofOct22nd2024..

2Spotlightthemes

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Climatetech

startupsare

projectedto

raise$35Bthis

year,a30%drop

fromthe

previousyear

butabove

pre-pandemic

levels.

VCinvestmentinclimatetechstartups»viewonline

▊$0–1m(pre-seed)▊$1–4m(seed)▊$4–15m(seriesA)▊$15–40m(seriesB)▊$40–100m(seriesC)▊$100–250m(megarounds)

▊$250m+(mega+)▊Projection

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Source:Dealroom.co.

DataasofOct22nd2024..

Lookingbeyond

equity,Climate

Techcompanies

arealsoraising

largeamountsof

debt,PE,and

projectfinancing

totalling$54Bin

2024.

Privatefinancingtoclimatetechcompanies

▊VC▊Debt▊Grant▊PEandProjectfinance▊PIPE▊Projection

Thisismorethan

double

pre-pandemic

levels.

$54B

Raisedin

non-equity

funding

Page/15Source:

Dealroom.co.

DataasofOct22nd2024.

Energyand

mobility

dominatethetop

ClimateTech

segments.

TopClimateTechsegmentsbyVCfundingin2023-2024

▊Industry&mining▊Ocean▊Water▊ClimateFintech▊Energy▊Transportation▊Buildings▊Food▊Carbontech

Manyofthemostheavilyfunded

ClimateTechsegments,includingEVbattery,solar

energy,andbuildingenergy

efficiencycontributesignificantlytotherenewableenergyandelectrificationsector.

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Source:

Dealroom.co.-2024dataasof22ndOctober.

Segmentsmaypartiallyoverlap.Moreover,herethecirculareconomysegmentfocusesfocuses

onconsumergoods(e.g.excl.EVbatteryrecycling)-seeslide18formoreinformation

Segmentssuch

asgreensteel,

solarenergyand

electricmobility

areamongthe

mostfundedand

fastestgrowing

ClimateTech

categories.

Fundinggrowth

last5years

(log-scale)

FastgrowingClimateTechcategories

VCfundingʻ23-ʼ24

(log-scale)

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Source:

Dealroom.co.

Growthcalculatedbetween2023-2024and2018-2019,2024valueprojectedfrom

Oct22nd2024.

Circulareconomystartupsareexpectedtoraise$400Min2024,asharpdropfrom2021-22

levels,yetcompaniesacrossvarioussegmentsandstagesremainactiveinthesector.

VCinvestmentincirculareconomystartups*SelectedCirculareconomyroundsin2023-2024»viewonline

▊$0–1m(pre-seed)▊$1–4m(seed)▊$4–15m(seriesA)▊$15–40m(seriesB)

▊$40–100m(seriesC)▊$100–250m(megarounds)▊$250m+(mega+)

StartupFundingroundFocus

$87.4MSeriesGSecondhand

£55MEarlyVCLeasing&sharing

economy

$58MSeriesBResourcerecovery

$57MSeriesCResellingrefurbished

products

$30MSeriesEEnabler

$24MEarlyVCDigitalpassportsand

supplychainvisibility

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Source:

Dealroom.co.DataasofOct22nd2024

*FundingamountsbasedonaggregatesofcompaniesmappedintheCircularmanufacturedgoodslandscapeandisnotrepresentativeofthefullCircular

economysector,itfocusesonconsumergoodsandexcludessegmentssuchasEVbatteryrecycling.Foramorecompletequeryfollowthislink.

Enablersfromproduction

toendoflife

$1B

Designingwith

endoflifeinmind

$70M

Repairing

products

$2B

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sharingproducts

$1.2B

Resource

recovery

$260M

Sellingproducts

secondhand

$5B

Viewlandscape»

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Thesustainablepackagingsectorsawsignificantfundingbetween2019and2023,

butthisyearhasbeennoticeablylessactive.

VCinvestmentinsustainablepackagingstartups»viewonline

TheUNtreatyaimedatcuttingplasticproductionhasfaced

delaysduetoongoingnegotiationsamongcertaincountries.

However,therecentannouncementthattheUnitedStateshas

officiallyjoinedtheinitiativesignalsapot

momentum.

Complicatingmattersfurther,plasticpriceshavedeclined

followingadropinoilprices,likelymakingitmorechallenging

foremergingalternativestogaintractioninthemarket.

Thisinterplayofinternationalpolicyandeconomicfactors

willbecrucialinshapingthefutureofplasticproductionand

sustainabilityefforts.

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Source:Dealroom.co,Climatechangenews,Reuters&PreventedOceanPlastic

DataasofOct22nd2024

Explore150+Sustainablepackagingstartups

Explorethelandscape»

Urgentactionisneededtoavoidbiodiversitycollapse.Integratingandvaluing

natureinthefinancialsystemandbusinessdecisionmakingiskey.

Wildlifeisdisappearingat

catastrophicrate,theaverage

populationsizehasdeclined

73%since1970.

Habitatlossanddegradation,drivenprimarilyby

ourfoodsystem,isthemostreportedthreatto

wildlifepopulationsaroundtheworld,followed

byoverexploitation,invasivespeciesand

disease.

Thisisalsomakingecosystemsmore

vulnerabletotippingpoints,meaning

irreversiblechangeoncetheyarepushed

beyondacriticalthreshold.

More,andmoreeffective,

conservationeffortsareneeded,whilealso

systematicallyaddressingthe

majordriversofnaturelosssuchasourfood,

energyandfinancesystems.

Thereʼsa$700Bfundinggapfor

biodiversityandnaturelossand

progressisfailingoncrucial

targetssuchasprotecting30%of

theEarthfornatureandreforming

partsoftheglobalfinancialsystem

thatdamagetheenvironment.

Despitesomesuccesses,suchasagreeingon

companiessharingprofitsfromcommercial

discoveriesderivedfromnatureʼsgeneticsandgiving

indigenousandlocalcommunitieshaveapermanent

roleinbiodiversitydecision-making,COP16failedin

itsmaingoal,implementingastrategytomaterialize

the$200bnayeartofinancenatureconservationthat

countrieshadcommittedtoraisingby2030,including

$20bntobegivenbyrichercountriestodeveloping

countriesby2025.

Itiskeytofosterfinancial

capitalflowstoward

biodiversitybyunlocking

privatecapital.

Effortstofundthereversalofnatureand

biodiversitylossarebesetbychallenges,not

theleastofwhichisthenaturedatagap.

Naturefintechstartupshaveraisedover$5B

since2020toleveragethepoweroffinancial

servicesandproductsalongwithdigital

technologiesandresourcestodrivemore

investmentstowardsconservation,restoration,

andsustainableuseofnaturalresources.

Thiscreateseconomicincentivesandviable

businessmodelsthatbenefitthe

environmentandaddresscriticalissueslike

deforestation,biodiversityloss,water

management,andsustainableagriculture.

Page/23

Source:Dealroom.coWWFʼs2024LivingPlanetReport;“NatureFintech/SectorMap”NatureTechCollective;“ClosingtheGlobalBiodiversityFinancing

Gap”byThePaulsonInstitute,TheNatureConservancy,andCornellUniversity;TheGuardianCop16reportage

Explore400+Naturefintechstartups

Explorethelandscape»

“Regeneratingbiodiversityandreducingpollutionisbothvital

andvaluabletoourownwell-beingandtothewell-beingofthe

nextgenerations.Weneedtounderstandthatwhatisgoodfor

theecologyisalsogoodfortheeconomy.

AtBeeOdiversityweprovidemeasurementtools,adviceandnature-basedsolutionsto

makebusinessesareferenceforbiodiversityandpollutionreduction.

MichaëlVanCutsem

CEO&Founderat

BeeOdiversity

OurBeeOmonitoringsolution,forinstance,isatoolthatmeasuresagriculturaland

industrialpollutants(pesticides,heavymetals,PFASetc.)andthestateofbiodiversity

basedontheclevernessofbeesanddatainterpreta

machinelearningtoextrapolatedataoverlargeareastoassesstheimpactofasiteandits

activitiesonlocalbiodiversity,andhasbeendevelopedwiththesupportofMicr

Accenture.

Wenowworkin23countriesaroundtheworldmonitoringover120,000hectaresof

land.”

Page/25

Bytechnology,alternativeproteinstartupswillraise$780Min2024,drivenbymycelium&

fermentationstartups.Dairysubstituteshavebouncedback.

VCfundingofAlternativeproteinsbytechnologyVCfundingofAlternativeproteinsbyingredient

Page/26

Source:Dealroom.co.

DataasofOct22nd2024.

GridtechnologystartupshadtheirbestyearforVCfundingin2023with$4.6B

allocatedtothesector.

Lagginggridinnovationsarethebiggestbottleneckstotheenergy

transition,newtechnologiesmustfacilitateincreasesinelectricity

demandandflexible&distributedgeneration.

»Explore+180Europeangridtechnologycompanies

Itisestimatedthatexpandingthegridtomeetnet-zerogoalswillrequireabout$24.1trilliongloballyby2050.

VCfundingingridtechnologystartups

▊$0–1m(pre-seed)▊$1–4m(seed)▊$4–15m(seriesA)▊$15–40m(seriesB)▊$40–100m(seriesC)▊$100–250m

(megarounds)▊$250m+(mega+)▊Projection

Page/27

Source:Dealroom.co.

DataasofSep3rd2024.

3Geographicanalysisandclimatejustice

Page/28

ShareofcountryʼsVCfundingallocatedtoimpactcompanies

»Explorevisualizationonline

Page/29

Europeisthe

mostimpact

oriented

amongstthe

mainstartup

regions.

ImpactinvestmentasapercentageoftotalVCfunding

TheNetherlandsdemonstratesa

concentrationofimpactinline

withthatofEuropeandmuch

higherthanothermajor

continents.

Page/30

Source:Dealroom.co.

DataasofOct22nd2024.

Europeleadsby

VCfundingin

segmentssuch

asgridtech,EV

chargingand

circular

economy.

ShareofVCfundinginkeyclimatetechsegments(2021-2024)

▊Europe▊US▊China▊Restoftheworld

Ittrailsbehindinwatertech,

alternativeproteinsand

geothermalenergy.

Chinaisaleaderinmanyof

thesesegmentsbutnotinthe

lensofVCfunding.Notableareas

ofVCfundingfocusinChinaare

EVbattery,aswellassolarand

windenergy.

Page/31

Source:Dealroom.co.

2024dataasofSep17th.

PeaceTechusestechnologytopromotepeace,resolveconflicts,preventviolence,

andfosterreconciliation,fromlocaldisputestolarge-scaleinternationalconflicts.

“

PeaceTech,withitsfoundationin

emergingtechnology,hasthe

potentialtoreshapehowwe

approachpeacebuilding.

Byimprovinglives,reducingconflicts,and

fosteringprosperity,Ibelieveitrepresentsa$100

billionopportunityoverthenextdecade.

Technologycantacklepeacebuildingtasksthat

wereoncebeyondhumanreach,creating

profound,lastingimpacts-andopportunitiesfor

significantreturns.Byleveragingbigdata,

machinelearning,andblockchain,wecanbuilda

moreresilient,peacefulworldthatthriveson

innovation."

ShaneRay-Martin

Investorat

BVenturesGroup

ApplicationsCompanies

Platformsforconflictresolutionand

dialogue

Earlywarningtoolsforviolenceorhuman

rightsviolations

Appspromotingpeaceeducation

Crowdsourcingdatatoguidepeace

building

AItoolsmonitoringhatespeech,

misinformation,andextremism

View80+PeaceTechcompanies»

Page/32

Source:Dealroom.co.

Thereisasignificantgapbetweenthevalueofdefenceandpeacetechsolutions

(x100),drivenbyunequalfinancingandalongerhistoryofdefencecompanies.

EnterprisevalueofPeacetechstartups»viewonlineEnterprisevalueofDefencetechstartups»viewonline

▊1900-1990▊1990-1995▊1995-2000▊2000-2005▊2005-2010▊2010-2015

▊2015-2020▊2020-2025

▊1900-1990▊1990-1995▊1995-2000▊2000-2005▊2005-2010▊2010-2015

▊2015-2020▊2020-2025

Page/33

Source:Dealroom.co.

DataasofOct23rd2024.

Climatechangeisoneofthelargestsocialinjusticesofourtime.

Lowandmiddleincome

economiesbeara

disproportionateimpactof

climatechange.

Only10%ofClimate

adaptationfundingwentto

low-incomecountriessince

2020.

Whowillbearthefinancial

costsoftheseadaptive

measures?

Developedcountriesaccountedfor57%of

thehistoricalcumulativeCO2emissions

fromfossilfueluseandindustrysince

1850,despitehaving,currently,only16%

oftheglobalpopulation.

Lowandmiddleincomecountries

insteadrepresentover50%ofglobal

worldpopulation,butaccountedforless

than10%ofhistoricalemissions,with

low-incomecountriescontributingless

than1%.Incontrast,thesecountriesare

projectedtobearthemostclimatechange

impact.

Climateadaptationinitiativeswillbemost

neededinthesecountriesthatarethe

onesmosthitbyclimate-induced

disasterslikefloods,droughtsand

wildfires.

Thesedisastersareboundtohavewide

spreading(affects2%ofthepopulation

indevelopingcountries)andlonglasting

impacts:damagedinfrastructures,famine,

lackofaccesstowaterandsanitation,

economicloss(0.5%GDPloss)etc.These

arealsoimpactingdevelopingcountries

10xmorethanadvancedeconomies.

Low-incomecountrieshavelessresources

tocoverdamagesandevenlesstoputin

placeclimateadaptationmeasures.

Whilefundsarebeingpromisedby

internationalfinancetheyarenotalways

beingfulfilled.In2021,OECDDAC

countriesprovided$34.5Binclimate

finance,fallingshortoftheir$100B

annualgoalfor2020-2025.

Acrosstheglobe,climateadaptationis

underfunded.Itsecuredlessthan3%of

totalclimatetechVCfundingsince2020.

Page/34

Source:Dealroom.co.

GlobalCarbonBudget,BanquedeFranc

4ImpactjobsintheNetherlands

Page/35

11%ofallstartupjobsinTheNetherlands

aresupportedbyanimpactstartup.

Percentageofjobsatimpactstartupsbyprovince

▊≥15%▊13%-15%▊11%-13%▊9-11%▊7-9%▊<7%

32k+

Startupjobs

aresupportedbyan

impactstartup.

775

Fundedimpactstartups

areheadquarteredin

TheNetherlands

100+

Dutchimpactstartups

raisedfundsin2024

700+

Impactstartupsare

currentlyhiring

»viewall

Page/36

Source:Dealroom.co.

Dataset:835Dutchimpactstartups.NetherlandsStartupEmployment2023report.

“TheNetherlandshasalltheingredientstobecomeEurope's

leadinghubfortechnologicalinnovation,particularlyin

drivingimpactandaddressingsocietalchallenges.

DutchstartupsareattheforefrontoftacklingSustainableDevelopmentGoals,

fromclimateactionandenvironmentalsustainabilitytopromotinggoodhealth,

reducinginequalities,andfosteringpeaceandstronginstitutions.

ConstantijnVan

Oranje-Nassau

ManagingDirector/Envoyat

Techleap

Moreover,startupsareakeydriverofemploymentgrowthintheNetherlands.

Impact-drivenstartupshavealreadycreatedover32,000jobs,withmorethan700

ofthemactivelyhiringtoday.”

Methodologyanddefinitions.

Startups,scaleups,

grownupsandtech

Companiesdesignedtogrow

fast.Generally,suchcompanies

areVC-investablebusinesses.

Sometimestheycanbecome

verybig(e.g.$1B+valuation).

Whenstartupsaresuccessful,

theydevelopintoscaleups(>50

people),grownups(>500people)

andresultinbigcompanies,like

ArrivalorNorthvolt.

Venturecapitalinvestment

Investmentnumbersrefertorounds

suchasSeed,SeriesA,B,C,….late

stage,andgrowthequityrounds.

Ven