Amsterdam-based Rubio Impact Ventures has announced a €70 million close for its third impact fund, reinforcing its commitment to tying 100% of financial returns to measurable social and environmental outcomes. The firm plans to invest in around 30 startups tackling the climate crisis and social inequality across Europe.
The new fund brings Rubio’s total assets under management to €220 million, marking a major step forward for one of the Netherlands’ leading impact investors.
Backing from Major Institutional and Entrepreneurial Investors
The third fund is supported by both returning and new backers, including a network of successful Dutch entrepreneurs and families, as well as institutional partners such as the European Investment Fund (EIF), Invest-NL, Oost NL, Brabantse Ontwikkelingsmaatschappij, ING, and the NN Social Innovation Fund.
The Dutch government’s RVO has once again contributed an innovation loan under the Seed Capital scheme.
“The most valuable companies of the future are the ones building real solutions for global problems,” said Machtelt Groothuis, co-founder of Rubio. “The launch of our third fund shows that impact investing is no longer a niche — it’s becoming the new standard.”
Impact Investing Gains Momentum in 2025
Rubio’s raise is part of a broader wave of renewed investor confidence in sustainability-driven venture capital across Europe. In recent months, Dutch firm CapitalT announced the first close of a €50 million Fund II focused on purpose-led founders, while Spain’s Suma Capital closed a €210 million ClimateTech vehicle aimed at industrial decarbonization.
Despite headwinds in general VC fundraising, these developments highlight that impact-driven funds are thriving, channeling capital toward companies combining profit with purpose.
“Rubio is leading the pack in the Dutch impact investing scene,” said Rinke Zonneveld, CEO of Invest-NL. “They didn’t just set the standard — they created it.”
A Track Record of Purpose-Driven Growth
Founded in 2015, Rubio has backed over 40 fast-growing companies that address urgent global challenges, from renewable energy to mental health. Its portfolio includes:
- Sympower – enabling grid flexibility for renewable energy integration
- NoPalm Ingredients – developing circular palm oil alternatives to protect rainforests
- OpenUp – improving access to qualified mental healthcare
Family office investor Aartjan Bontje of FlowFund Foundation, who has supported all three Rubio funds, praised the firm’s consistency:
“From Fund I to today, I’ve seen Rubio deliver on their promise — building successful companies while creating measurable impact.”
Continuing a Legacy of European Impact Leadership
The European Investment Fund’s CEO, Marjut Falkstedt, described Rubio as an “inspirational partner” in shaping Europe’s impact investing ecosystem.
Rubio’s recent deals include leading a €3 million round for Renewaball, backing NoPalm Ingredients’ scale-up, and joining a €14.2 million raise for Vytal Global’s reusable packaging platform.
As the firm enters its next growth phase, Rubio Impact Ventures continues to prove that financial success and positive impact can go hand in hand — setting the tone for a new generation of venture capital in Europe.
