DEEP DIVE: Who said climate tech was dead? 29 new impact funds launched in 2025

Some of the VCs who launched new impact funds in 2025. Photos: press images.
2 jan. 2026
13:56
From climate tech to agrifood, it’s been a bruising year for impact funds. And yet, against the odds, a fair few have still managed to get new funds over the line, putting a collective €4.6bn to work in impact-focused startups.

After digging through Impact Loop’s archives, we've pulled together:

→ 28 impact VCs that launched fresh funds in 2025
→ The LPs that invested in them
→ Niches, contact names and ticket sizes

Impact startups, go wild!

2025 hasn’t been a great year to raise an impact fund – or to get funding from one. While money has flooded into AI and defence tech, climate and impact funds have struggled to stay at the top of LPs’ priority lists.

And yet, a sizeable group of European impact VCs has still managed to pull it off. From energy and climate software to foodtech and industrial transformation, fresh pools of capital have been raised and set aside for impact-driven startups.

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