RAISE Impact’s development continues as it announces a new round of funding, boosting its investment capacity to more than €170m
Paris, 12 January 2021 – RAISE Impact, RAISE group’s impact investment structure, is today announcing a third funding round in excess of €170m, bringing on board new investors including a major European insurance company, French institutional investors (AXA IM Alts, Covéa), banks (Crédit Agricole d’Ile-de-France, with a top-up by Arkéa), on road to achieve its target fund size of €200m by the end of the first semester 2021.
France 2i, RAISE group’s impact fund
The France 2i fund was initially launched thanks to the anchor investment of the Fondation de France in June 2019. It is managed by RAISE Impact’s teams, who are actively pursuing its development. After a previous €135m funding round in September 2020, when the fund was opened up to other investors, including the Caisse des Dépôts group’s Banque des Territoires, Natixis Assurances, the Arkéa group and several family offices, the teams are today announcing a new round of fund-raising, increasing its investment capacity to more than €170m. The fund is thus gaining new investors, namely AXA IM Alts, Covéa and Crédit Agricole d’Ile-de-France and a major European insurance company. Besides, Arkéa has reiterated its confidence to the fund by making an additional commitment.
The teams target investments in growth innovative SMEs generating a positive impact, believing that a fundamental shift towards a more responsible and sustainable economy will be more effective by transforming companies across their value chain. With this aim in mind, they support both mission-driven companies and companies undergoing an environmental and social transition that are focused on helping to meet current environmental and social challenges, particularly by turning managers’ intentions into tangible commitments. The fund therefore supports business owners who wish to offer systemic, economically viable solutions to urgent and important issues that contribute to the achievement of the UN’s 17 Sustainable Development Goals.
Ten investments have already been realized since the fund was launched, including seven direct investments targeting circular economy, energy transition, social inclusion and agricultural transition.
The teams are following an ambitious road map with the aim to reach the target fund size of €200m by the end of the first semester 2021, with new investments, and the ambition to become a key player in the impact investing market in France and Europe.
The France 2i fund has recently been awarded with two significant public recognitions for its actions:
- The « Relance » label, which recognizes funds committed to meet the financing needs of the French economy following the health crisis
- The “Tibi” initiative promoting for the fourth industrial revolution, in favour of the emergence in France of investment funds supporting the technological leaders of tomorrow
“We are delighted to welcome these new investors, as an illustration of their confidence in the France 2i fund’s strategy, confirming its role as one of the leading impact investment players in France and Europe. These institutional commitments will allow RAISE Impact’s teams to step up their activity by investing more significant amounts and continuing to act as a driving force in the support of the systemic transformation of companies, in this way making a real contribution to the resolution of current social, environmental and economic issues”, say Aglaé Touchard-Le Drian and Eric Coisne, Managing Partners of RAISE Impact.
Hélène Bernicot, Arkéa group’s CEO, comments: « For the Arkéa group, supporting RAISE Impact’s innovative approach was evident. Today we are strengthening our partnership and our close ties, in total consistency with the group’s raison d’être. As an economic, committed and inclusive player, we have a real role to play in the emergence and success of companies that embody tomorrow’s world. We are convinced of the relevance of the collaborations established within the entrepreneurial and financial ecosystem, to anticipate needs, kindly encourage entrepreneurs in their impactful transitions and manage to meet, together, the challenges of society. »
« Covéa Group is driven by the strong conviction that ESG’s three pillars (Environment, Social and Governance) in the investment industry must develop gradually and uniformly, in order to preserve a lasting balance. Our decision to invest in the RAISE Impact fund is fully in line with this strategic orientation. The investment themes targeted by the fund are strongly ESG oriented, with a concrete support on impact measurement and management. Covéa proactively and resolutely supports impact investing in France and Europe. » completes Olivier Le Borgne, Chief Investment Officer of the Covéa Group.
About RAISE Impact
RAISE Impact is an impact investment structure developed within the RAISE Group, founded by Clara Gaymard and Gonzague de Blignières. The fund, France 2i, which was initially launched thanks to the Fondation de France’s support in June 2019, is now opening up to new investors, with a target size of €200m. It is focused on supporting ambitious projects that are likely to bring about significant, or even systemic, changes in our lifestyles, production methods and consumer behaviour. The fund’s purpose is to invest in mission-driven companies and companies in the process of transformation that are committed to creating a more sustainable future and a society built on greater solidarity. The team currently consists of eight members of staff with complementary professional backgrounds, who are highly dedicated and driven by conviction. RAISE Impact is a signatory to the IFC’s Operating Principles for Impact Management and its France 2i fund has been awarded the “Relance” label.
The RAISE Group relies on a financing mechanism that combines profitability with generosity, as its investment teams (RAISE Investissement, RAISE REIM, RAISE Ventures and RAISE Impact) donate 50% of their incentive bonuses to the internal endowment fund RAISESHERPAS, whose role is to support start-ups. This pioneering set-up, which is one of the first of its kind in France, creates a virtuous ecosystem of major groups and institutional shareholders, mid-caps and start-ups.
To find out more visit www.raise.co.
07 72 50 01 28
06 67 06 80 26