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Investing for Purpose is a new initiative to promote impact investment.

Through our community we seek to bring about a paradigm shift in investing, in Greece and beyond, by actively engaging investors who are willing to invest patient and long-term capital, and matching them with companies and start-ups that have positive impact returns for society and/or the environment.

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To catalyse the development of impactful companies by making impact investing more accessible, transparent and efficient; and to help bring about a change in mindset, whereby value is seen to combine financial returns with measurable positive social and environmental impact.

Our manifesto

What is the value of a woman’s insight?

What is the value of less plastic being used in consumer products?

What is the value of an education that helps nurture active, inquisitive and engaged citizens?

What is the value of a refugee’s drive, resilience and adaptability?

What is the value of integrating minorities into society?

What is the value of bringing life and vitality back to withering, abandoned villages?
At Investing For Purpose we are experienced capitalists; but we see that the headlong rush to continual growth and development most often does not achieve optimal results for broader society or the environment. In the same vein, globalization has had significant economic benefits but we all realise that these are not fairly shared and have also brought about heavy costs. Furthermore, the single-minded pursuit of profit by corporations is often achieved at the expense of weaker, more vulnerable and less advantaged layers of society, and of course of the environment and of natural resources. 

The dramatic effects of climate catastrophes and pollution, and the destruction of natural habitats we are witnessing around the world, are proof of this breakdown. 

A more considered approach can bring about outcomes that are more inclusive and sustainable.  As societies, and as individuals, we need to engage in more measured and thoughtful consumption, underpinned by principles of social inclusiveness and sustainability. Investors and companies need to adapt their ways of doing business accordingly.

Our aim is to try and help bring about a change in mindset in Greece towards a more inclusive and balanced approach to investing, whereby value is no longer measured solely in financial terms.  We want to help re-define the assessment of sustainable commercial enterprises towards a more blended and integrated concept of value, to include both financial and impact returns.

To achieve this, we are building a core community of forward-looking, impact-minded investors open to this view and who are prepared to commit capital towards funding pioneering Greek social enterprises and purpose-driven/impact entrepreneurs that offer attractive blended returns.

They will develop mutually beneficial relationships between them, and gradually, with our help, look to spread this alternative but more comprehensive and sustainable approach to investing to the Greek market and later to the broader region.

What we do

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We build a community of investors that share our values and vision about blended investment returns.

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We actively select and support inspiring social and/or environmental impact companies and help them become “investment grade”.

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Through our investor community, we provide committed, long-term, patient capital.

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We facilitate and encourage the direct relationship between investors and investees through the investment cycle.

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We measure impact by developing integrated metric and milestone tools for helping communicate blended value to stakeholders.

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We promote awareness of blended value and impact investing through events, educational materials and a movement of supporters.

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For Entepreneurs

We are backed by impact investors wishing to invest in companies and make impactful & systemic change. Funding structures can be adapted to your specific needs and purpose - we are flexible. We are here to help you develop your company and accomplish your mission.

Investment & knowledge

Depending on the financial structure, legal status and needs of your company, our investors are willing to provide funding in the form of equity, convertible loans or debt.  Due to the nature of our investor community, we are able to structure each financing to suit exactly the needs of the founders, always putting purpose first.

When a member of our community invests in your company, they also commit to becoming a mentor.  They share their knowledge and network to help you grow. At the same time, you can also help educate your investors about the more sustainable, circular and equitable ways in which you conduct your business.

Investment verticals

  • Diversity and Inclusion: Companies that have diverse and inclusive management teams and/or workforces, and serve as examples of more inclusive approaches to doing business and of empowering otherwise excluded or disadvantaged groups of society;
  • Education: New initiatives and approaches to education that demonstrably reinforce sustainability, equality, and responsible civic engagement, and/or facilitate and promote a more holistic approach to education;
  • Climate and the Environment: Companies that are pursuing positive impact and long-term sustainable solutions for the environment, climate and agriculture.

 

Connect

If you are a social enterprise or positive impact company in one of these areas and are looking to grow, we would love to connect. Even if you don’t have an immediate investment need, we believe it is valuable for us to get to know you.

 

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For Investors

By becoming a member of our community of investors you get access to the most promising and inspiring impactful companies in Greece. You have the chance to invest in and support these companies, but also to follow and learn from them and build a mentor-mentee relationship

The Community

Investing For Purpose community members commit to an annual membership fee, to a minimum annual investment amount in the impact field and to building long-term mentoring relationships with investee companies.  Through Investing For Purpose, these investee companies gain access to efficient and transparent funding and long-term relationships that help them pursue their mission and grow their businesses, while also being able to share their knowledge with investors about best practice and their approach to sustainable ways of doing business.

Investment instruments and process

Depending on the financial structure, legal status and needs of the investee company, funding can take the form of equity, convertible loans or debt. Investing For Purpose selects and evaluates potential investee companies, agrees funding structure, terms and documentation with them and undertakes due diligence. After that it presents opportunities to investors, who can choose which company or companies they wish to invest in directly.

Our broader community

We believe deeply in the power of partnerships and cooperation in extending our reach, in optimizing the way we work, in improving ideas and in achieving inclusivity. We share a vision about a more impactful and sustainable approach to doing business with many actors in the market and want to help spread this shared vision still further.

We cooperate closely with various impact incubators and accelerators in Greece, in the search for the most inspiring impact entrepreneurs who could become part of our community, with banks and other funders, with universities for the latest cutting-edge thinking and practice in our three core verticals and with other organizations and consultancies for the joint mentoring and nurturing of promising impact and social enterprises.

Want to join our community?

If you are an angel investor, family office or corporate interested to become part of a community of likeminded impact investors, we invite you to contact us. We would like to get to know you and we are happy to share more about our community!
GET IN TOUCH

The Team

Investing for Purpose brings together impact start-ups and social enterprises wanting to make impactful & systemic change.
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Anne Nijenhuis

Partner & Founder

Anne is a Dutch Strategy & Finance professional. She started her career in the Netherlands at Rabobank where she worked in Special Asset Management and Corporate Finance. After this experience, she became an investment manager at Karmijn Kapitaal, a Private Equity fund with a special focus on investing in diverse management teams.

Having worked for 5 years with various companies, she decided it was time to work in one specific company. More specifically, a company with a clear purpose. That’s when she became the CFO of BIYU, a sustainable tech-startup. This accelerated her interest for impact investing, as access to patient capital for purpose-driven companies is one of the keys to systemic change. Which eventually lead to Investing For Purpose. Besides IFP, Anne is still advising various sustainable start- and scale-ups.
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Markos Komondouros

Partner & Founder

Markos is a highly experienced financier with tried-and-tested M&A, structuring, financial analysis and investment appraisal skills. He has an in-depth, hands-on track record and strong personal interest and expertise in social impact and environmental projects.

He has extensive board experience, including at Nireus, Greece’s leading food exporter, and TANEO, which was set up to promote the venture capital market in Greece. He is also chairman of Filisia, an EdTech impact start-up in the special educational needs sector and a board member of the award-winning Greek NGO METAdrasi.
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Eleonore Cottarel

Partner

Eleonore is a Private Equity Investor Relations and Operations professional having worked in London, New York, Paris and Hong Kong. Throughout her career, she has helped build and develop investment and advisory firms. She was responsible for managing and overseeing investor communications and developing processes, procedures and marketing strategies. She ran numerous strategic, advisory and capital raising efforts.

Eleonore advised on several mid-market and VC impact funds and organised investor roundtables on impact investing. She is an advocate for action towards climate change and social impact and is eager to help in the allocation of capital to address social and environmental issues.
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Richard Mullane

Head of Impact

Richard is a sustainability specialist with a background blending Impact and Communications. After a spell as a screen media analyst, he co-founded a not-for-profit tasked with transforming the quality of housing and communities across the UK. Over the next decade, he delivered initiatives across government, private and public sectors including conferences, published research, over 50 educational films and collaborative interventions to transform planning system processes, resulting in measurable impacts to the quality of housing delivery and community wellbeing. He later set-up a strategic communications consultancy including film and documentary creation for Microsoft, Santander, Expedia, Standard Chartered and The Economist.

Richard holds an MSc in Sustainable Regeneration from UCL and a Business Sustainability Management qualification from the University of Cambridge Institute for Sustainable Leadership.
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Vikentios Katsouris

Impact Analyst

Vincent has an MSc in Sustainable Business and Innovation programme from Utrecht University and has a background in Economics and Logistics from his bachelors at University of Piraeus. He has entrepreneurial background and has participated in start-up competitions.

Vincent is a sustainability advocate with professional experience on the subject and fluent speaker of 4 languages. He loves travelling, playing basketball and music.

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Yiouli Liountri

Operations Coordinator

Yiouli is an operations expert and a holder of BA in International and European Studies by Piraeus University. She has worked in administration and operations management positions in international commercial and consultancy companies, while she has a leading role in the European emergency line service in Greece.

She is passionate about yoga and animal welfare, sensitive on environment and society related issues and thrilled to be able to work towards facilitating impact investments in Greece.
She communicates in Greek, English, French and Italian.

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Yiannis Tsepis

Investments Analyst

Yiannis brings over five years of expertise in business strategy and financial operations. As a finance professional, he has honed notable entrepreneurial and leadership skills. He has significant experience in financial projections, budgeting, and financial control through hands-on involvement in the financial operations of Almar LTD.

He holds a BSc (Hons) in Finance, from Deree-The American College of Greece. Throughout his studies, he demonstrated a keen interest in entrepreneurship ,finance and new technologies, engaging with various start-up projects.
Yiannis is fascinated by how new technologies and start-ups can be merged to deliver impactful market solutions.
His perfect day off includes music, playing the guitar and tennis.

News

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15 April 2024
Take a trip to Kilkis and understand the magic of nature based solutions
#impactstories #staramaki #naturebasedsolution #greeceimpact #kilkis #circulareconomy
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28 March 2024
Orbito travel secures funding of €125,000 with the support of Investing for Purpose and HeBAN
We are delighted to have just led and structured the first closing of €125,000 for orbito travel, the first online travel platform based in Greece aimed at travellers with mobility impairments and limited mobility. The investors comprised of one IFP investor and two business angels from HeBAN - Hellenic Business Angels Network (Association), the Greek network of business angel investors. The funding will strengthen the business of orbito travel and allow it to accelerate positive impact by expanding to new destinations in Greece and abroad, delivering holistic travel experiences with verified accessibility across the travel chain.
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23 January 2024
The Purpose Pod launch!
We’re delighted to launch the Purpose Pod, twice-monthly interviews with cross-industry impact entrepreneurs and expert practitioners from Greece and across the world! With each interview we aim to draw out the most topical professional stories alongside personal reflections to inform and inspire anybody active or interested in the world of impact and impact investing. You'll learn about what drives purposeful founders of successful commercial start-ups and social enterprises; what impact angels, family offices and VCs are looking for in impact investments and why they are looking for a lot more than financial returns; and from thought-leaders you’ll build a picture of the steps necessary for us to reach a global balance between purpose and profit. Our first podcast is with Hans Stegeman, Chief Economist of Triodos Bank, as he shares his thoughts on the importance of scaling up impact investing, the true meaning of Degrowth, ESG vs Impact and much else! Search “the Purpose Pod” on Spotify podcasts, Apple podcasts and all other podcast platforms.
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20 December 2023
Dataphoria Secures €325k in Impact Funding, Backed by Investing For Purpose
Dataphoria, emerging as Greece's first Analytics-as-a-Service solution dedicated to sustainability, has successfully wrapped up its first funding round, securing €325k. The funding was led by Investing For Purpose. Dataphoria supports Corporates and SMEs to develop their ESG strategy and present to them continuous, real-time performance insights. They support their customers by streamlining data for accurate and consistent sustainability reporting. This funding boosts Dataphoria's trajectory, propelling its sustainability and software development endeavors, while ensuring its growth demands are met. The collaboration solidifies Dataphoria's commitment to elevating ESG analytics across Europe and the UK.
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20 July 2023
Nature restoration law proposed in the EU
We are excited to share with you the news that the EU passed a nature restoration law! The nature restoration law will place recovery measures on 20% of the EU’s land and sea by 2030, rising to cover all degraded ecosystems by 2050. This is a huge milestone to help the health of Europe’s nature as “more than 60% of its soils are unhealthy and 81% of habitats in poor condition. A recent study found the abundance of farmland birds has halved in the past 40 years.” Additionally, by restoring nature this will be vital in the fight against climate change and biodiversity loss and help secure food sources that are currently at risk. “Nature is dying faster than humans have ever known, a landmark scientific assessment found in 2019, driven by climate change, pollution and the way people exploit the land and sea. The restoration law aims to reverse this trend and help the bloc hit biodiversity targets it has previously failed to meet.” We will continue funding companies that help restore nature and combat climate change. If you are a founder of a company having a positive environmental OR social impact at its core, we would love to meet you. Let’s Partner for Purpose!
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09 June 2023
May was a busy month for Investing for Purpose making impact waves at events!
Anne and Richard took part in EVPA’s Business of Impact Venice conference, a mix of presentations, break-out interactive seminars and debates to align approaches to embedding impact strategies within business models and to empower corporate social investors to catalyse purpose-driven organisations. Eleonore attended the PEI Impact Investor Global Summit in London, a global gathering of private market investors focused on tackling the world’s biggest social and environmental challenges through impact investing, and also made an impact at the EBAN Congress 2023 in Thessaloniki, which highlighted to a global audience the fast-growing purpose driven startup and investment ecosystem in Greece and the region. Markos was on a lively panel discussing Social Impact Investment during the Athens Philanthropy 2.0 - The Importance of Social Impact Conference, and finally, Vincent presented and discussed purposeful investment alongside Stefanos Kamperis of our first Investee, Staramaki, during a webinar led by SDG Student Hub at Democritus University of Thrace.