Ananda backs European pre-seed, seed and Series A companies with initial cheques of EUR 0.5m to EUR 3m and up to EUR 8m over a company's life, leading rounds and focusing on the DACH region, the UK, Benelux and the Nordics. Its mandate is impact investing rather than a single sector: its funds are classified SFDR Article 9, and it pioneered with the European Investment Fund an 'Impact Carry' model that scales carried interest from 0 to 20 percent according to how far portfolio companies hit their impact KPIs. In practice it invests in healthcare and digital health, education, climate and decarbonisation, nature and biodiversity, biosecurity, the blue economy and future-of-work businesses, with companies such as Open Bionics, IESO Digital Health, OroraTech, Auticon, Klim and Resourcify. The firm says it has made 48 investments and manages EUR 270m across five funds.
EUR 270M (across five funds, stated on ananda.vc) AUM69/100 Power Score™2009 FoundedMunich, Germany
HealthcareClimateEducationSustainabilityDigital Health
Johannes Weber and Florian Erber start the firm, positioned as Germany's first impact investment fund with pan-European reach
2010
First fund raised at EUR 7.3m under the name Social Venture Fund; the management company is registered in Munich on 27 January 2010 as Social Venture Management GmbH (Amtsgericht München HRB 183698)
2014
Second fund closes at EUR 22.3m, backed by the EIF, entrepreneur families, foundations and HypoVereinsbank; the investor renames itself from Social Venture Fund to Ananda Social Venture Fund
2018
Third fund closes at EUR 50m on 22 October, with the EIF and Big Society Capital as LPs
2022
Fourth Core Impact Fund reaches its hard cap of EUR 108m on 19 May, backed by the EIF, KfW Capital, Investcorp/Tages, Candriam and family offices; AUM about EUR 200m at the time
2026
Fund V announces a EUR 73m first close on 19 January, the largest first close in the firm's history