Stockholm-based Trill Impact has raised €1.3 billion ($1.4 billion) since 2019 across impact private equity, venture capital and microfinance strategies. Its inaugural $98 million Ventures Fund will invest in clean energy, smart mobility, advanced materials, and life sciences technologies, such as medical devices and vaccines, food tech and digital health, focused on historically overlooked patients and markets that lack access to such quality products.
The Ventures Fund targets “impact enablers,” disruptive technologies that reduce emissions, resource consumption, waste or costs.
Trill’s portfolio includes German smart-home energy startup Tado and UK-based Open Cosmos, which uses small multi-sensor satellites to enable space data for climate change and humanitarian disasters.
Impact management
Trill Impact’s Johanna Levander acknowledged the challenging environment for venture capital, “with a cautious sentiment and lower risk appetite across markets.” The Ventures Fund is backed by European institutional investors, including the Nordic financial services group Nordea and the $6 billion Swedish venture capital manager Saminvest.
Trill Impact made BlueMark’s leadership board of impact investors with top-tier practices for managing the impact of their investments (see, “10 fund managers that are outperforming – in managing impact”). The firm helps portfolio companies develop environmental, social and good governance practices throughout the value chain.
Trill Impact is a signatory of the Operating Principles for Impact management and the Principles for Responsible Investment. It also uses impact reporting and managing tools like IRIS+, which offers core sets of metrics with which investors can measure and manage to deliver against impact.
