Looking for patient capital? 15 foundations actively investing in impact VCs

Some of the foundation managers and investors in our deep dive. Full names in the bottom. Photo: press and graphics by Diana Demin, Impact Loop
19 mars 2026
06:00
It’s no secret that fundraising is tough for VCs right now – especially for impact-focused funds.

Against that backdrop, patient sources of capital like foundations are more valuable than ever for GPs.

In this exclusive deep dive, based on manually curated data, you’ll find:

→ 15 foundations that have made multiple investments in European impact VCs over the past 12 months
→ The funds and sectors they’re backing
→ Why foundations are critical “first check” LPs for emerging managers

Fundraising for venture capital globally hit an eight-year low last year, as a tough LP market constrained allocations. For impact VCs, the environment was even more challenging, with many investors rotating away from climate-focused strategies toward sectors like AI and defence.

That shortage of LP capital has left many impact fund managers increasingly reliant on patient sources of capital – among them, foundations.

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