The 10 impact VCs that raised the largest funds in 2025 – and where they’re placing bets now

Some of the investors featured in this article. Full names below. Credit: Press photos/Impact Loop design
8 dec. 2025
21:36
Fundraising has slowed to a crawl, exits are collapsing, and LPs are playing hardball. Yet, some impact VCs still managed to close sizeable funds this year.

Here’s a breakdown of the 10 largest funds raised in impact VC this year – and where they're looking to deploy capital in 2026.

European impact VCs have pushed against severe headwinds this year to close sizeable new funds, with the ten largest having a combined value of €1.2 billion.

Swimming upstream

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