Impact
When it comes to impact
we’ve got more to offer
BONVENTURE is the pioneer of impact investing in Continental Europe. We have been a role model for impact investing in venture capital since 2003.

Impact areas
Where we make a difference
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Digital health
Empowering individuals to attain good health and prioritising the accessibility, innovation and affordability of health measures
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Equality and education
Improving education, narrowing inequality gaps and fostering social cohesion and stability
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Climate and nature
Advancing the energy transition, enabling climate action and leveraging NatureTech and biodiversity data
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Sustainable consumption
Improving the way goods and services are produced, consumed and disposed of
Theory of Change
Measuring success and impact
To create true impact, we start with a clear roadmap: our Theory of Change (ToC) defines how our investments drive measurable outcomes. Impact measurement and transparency are at the core of everything we do. Explore how this works in practice through two real-world examples.
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Input
Input comprises all the resources, including investments, that are required for a company’s activities -
Output
Output is the directly measurable achievement of the company’s main activities -
Outcome
Outcome is the change at the target-group or environmental level -
Impact
Impact is the overarching social and ecological impact at the societal level
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Input
Financial capital for impact driven investments, backed by 20+ years of experience and a strong LP network. -
Output
Launching solutions for societal challenges, setting new impact standards and advancing diversity. -
Outcome
Reduced CO₂ emissions, expanded access to sustainable solutions in digital health, education, climate and consumption. -
Impact
Driving impact investing, fostering a thriving ecosystem and promoting an inclusive economy.
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Input
Human and financial resources, e.g. time, employees, know-how and money -
Output
KPI 1: Number of children / young people cared for
KPI 2: Number of care hours provided
KPI 3: Number of “sitters”
KPI 4: Number of provided hour in educational institutions -
Outcome
Increased income through enhanced work capacity, emotional relief for families and reduced risk of burnout from job-related stress -
Impact
Enhancing the wellbeing of children and their support system by ensuring access to education, improving parents’ job opportunities and creating stable, high-quality employment in the social sector
Impact journey & carry model
We take things seriously
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Impact due diligence and analysis
Through a comprehensive management due diligence and a scientific impact analysis by experts on real-life effects, we determine 2-3 key impact criteria for future reporting.
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Quarterly impact reporting
Through quarterly impact reporting, we track the realised impact to ensure the intended results, support the founders’ team in their impact growth and assess our fund managers’ performance
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ESG reporting
Through annual ESG reporting, we ensure the disclosure of environmental, social and governance factors by our portfolio companies, while supporting our founders in their ongoing efforts to improve their ESG performance.
Impact is deeply anchored in our governance
* We additionally donate 10% of our carried interest
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0-79%  impact goals achieved at fund level
0% carry  of our interest bonus
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80%  impact goals achieved at fund level
10% carry  of our interest bonus
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100%  impact goals achieved at fund level
20% carry  of our interest bonus