Ananda Ventures is one of the leading venture capital investors for impact enterprises in Europe.
Impact enterprises solve social challenges in sustainable, market-driven ways – tackling issues such as education, sustainable consumption, the ageing population and health.
We share the entrepreneurs’ passion for building outstanding companies in a professional, dynamic way.
Ananda Ventures works with the founders of impact enterprises in the spirit of equality. We have created a unique network of investors, business people, entrepreneurs and experts to achieve our common goals.
Ananda Ventures currently manages approx. 30 million euros in two funds (Social Venture Funds I + II). Our investors are (entrepreneurial) families, funds, banks, and institutions (e.g. EIF).
We invest in social change ‘on our own doorstep’- in high growth companies based in Europe and targeting social issues in the region. Typical examples of companies in our portfolio include:
Ananda Ventures acquires a stake in a provider of care by the hour for the elderly. The professional and quality-assured support complements traditional care services and thus increases the quality of life for the care patients and their relatives. Further investors are Creandum and Spark Capital, among others.
The capital is used to accelerate the growth in the UK as well as to build a presence on the US market. The funding round is the largest to date raised by a European digital behavioural health business.
Impact entrepreneurs and their mission require a precisely structured and reliable flow of funding. We support them in questions of business infrastructure, which we tackle through personal meetings. We define common goals and discuss appropriate ways of repaying the capital.
From our own experience, we understand the challenges which entrepreneurs face. We are thus well-placed to effectively support them as they grow. We always keep the vision in clear focus: the impact – a sustainable and effective solution to a social or ecological problem.
We know how important it is to go beyond financial support. Ambitious early stage entrepreneurs need high-profile connections as well as management, legal and PR consulting. The opportunity to exchange ideas with other impact entrepreneurs is invaluable as businesses grow. Ananda Ventures benefits from a network of investors, experts, management specialists, social enterprises and organizations operating in relevant fields. These ‘ambassadors’ serve as our flexible backbone. Our unique infrastructure provides a strong added value to our portfolio companies.
At Ananda Ventures, entrepreneurs and their motivations play a central role. They are inspiring individuals who build capable teams and create successful impact enterprises. Their projects are ‘role models’ in their fields and in their countries- and they have the potential to expand internationally. They develop business models that are scalable, with the scope for strong, dynamic growth.
Ananda Ventures is the first pan-European impact venture fund and a pioneer in its field. We focus on enterprises that operate primarily within Europe and that are headquartered here. Similarly, their impact should be made first and foremost within Europe. With our home base in Munich and an office in London, we are positioned at the center of the European impact investing and venture capital markets.
Successful impact enterprises exist in many areas. Their primary goal is to effectively identify and solve social or ecological problems. In our portfolio, the main themes are education, social integration, ageing population, long-term unemployment, health and sustainable consumption. However, we are open to discussing other areas where substantial impact can be triggered.
Our investments range from €500,000 to €3.5 million. For later stage financing, we draw on our network of co-investors to syndicate rounds of €5 million and more. We normally act as lead or major co-investor in later stages, but are open to participation with minority stakes in cases that promise compelling impact. Our holding periods typically vary between 5 to 8 years.
We support high-growth enterprises, whose products have already passed the proof of concept. Positive feedback from the target market and an existing client base as well as indicators for the delivered impact should already be in place. Another type of investee that we like to support are companies that have successfully built their market presence and require more capital to fuel additional growth.
Our spread of financing structures ranges from mezzanine to equity capital. The structures are fitted according to the business model, stage and exit scenario, as well as the exit preferences of the founder.
The key to success lies in the impact of the target company. It can be clearly measured and is well-defined by key performance indicators that position the company at the peak of its sector.
The financial position of the enterprise is sound and able to service the invested capital. In case of a pure equity injection we need to see a realistic exit window. The business model allows for high growth expectations. The impact is measurable and intrinsic to the business model, i.e. it grows with revenue in direct proportion.
There is no success without extraordinary individuals. The enterprise has a motivated and capable team that knows how to maximize impact while creating a sustainable and economically viable business.
The business model has to be amongst the most efficient and effective solution in its peer group.
Sometimes not everyone is the right fit. We deliberately exclude projects without positive social or ecological impact or the intention to achieve a financial return. In particular, projects or enterprises that are directly or indirectly related to sectors such as nuclear energy, defense, addictive substances, or that risk using child labor are excluded. In addition, organisations with political overtones or links to fundamentalist religion do not belong to our target group. Ananda Ventures does not participate in turnarounds, bail-outs or situations where government subsidies secure workplaces. As a principle, risks and opportunities should be equally shared among the stakeholders.
Autistic individuals receive the opportunity to contribute their skills to the IT sector (e.g. Software Testing) and to independently fund their lives.
|Area of activity||Germany, France, UK and Switzerland|
|Benefeciaries||People diagnosed with autism|
|Customers||Enterprises, especially in the IT sector|
company bike solutions is partnering with corporate clients to offer employees leasing bicycles and electric bikes cheapened by salary conversion. Commuting is shifted to bikes, emissions and urban congestion reduced while employee health promoted.
|Area of activity||Germany|
|Benefeciaries||Employees, especially commuters, of medium sized and large companies|
|Customers||Medium sized and large companies|
Arbor helps schools with an efficient management information system to learn from their data and automate workflows. Thereby, student outcomes and the quality of education can be improved.
|Area of activity||UK|
|Customers||English primary and secondary school including ”Multi-academy trusts”|
An innovative, simple and cost-effective app for selling excess meals of restaurants and bakeries to consumers.
|Area of activity||Finland, Sweden, Germany, Netherlands|
|Benefeciaries||People wishing to consume low-cost takeaway meals in an ecologically sustainable and conscious way (e.g. students)|
|Customers||Restaurants and bakeries determined to reduce food waste|
IESO offers discreet, quality-controlled online access to psychological therapy. This enables underserved and disadvantaged people suffering from mental illness to seek help.
|Area of activity||UK and USA|
|Benefeciaries||People who are suffering from mental illness|
|Customers||State funded patients, self-referred or referred by the National Health Service (UK)|
|Founded||2000 (commercialisation post 2011)|
Media4Care developed the “Media Dementia” tablet PC, a special media offering to improve the wellbeing and individual care of people with dementia.
|Area of activity||Germany|
|Benefeciaries||People with dementia as well as caregivers and relatives|
|Customers||Nursing homes and services, occupational therapists, relatives|
Third Space Learning is a unique and effective one-to-one online numeracy tutoring program for children with numeracy weaknesses from economically deprived backgrounds.
|Area of activity||UK|
|Benefeciaries||Children with numeracy weaknesses for economically deprived backgrounds|
Professional, quality-assured care and support services for elderly care patients, improving quality of life for the senior and their relatives.
|Area of activity||Germany|
|Benefeciaries||Elderly care patients at home and their relatives|
People with hearing impairment are enabled to participate flexibly in education and society via written and sign language speech transcriptions. Transcriptions are transmitted live on canvas, live-streaming or on smartphones.
|Area of activity||Germany|
|Benefeciaries||Hearing impaired and deaf people|
|Customers||Users are hearing-impaired people|
Flexible and affordable daycare. The centers address the needs and issues faced by working parents and their children.
|Area of activity||Germany|
|Benefeciaries||Families, working parents, children|
vitabook helps above all the seriously and chronically ill as well as people in need of nursing care. It provides users with their own personal health account and helps avoid dangerous combination of medications.
|Area of activity||Germany|
|Benefeciaries||the seriously or chronically ill and care-dependent|
|Customers||pharmacies, users are patients, family members, caregivers and nursing services.|
An effective support for individuals with learning and/or speech impairments. Insane Logic develops mobile solutions that improve their ability to communicate and help them to develop language skills.
|Area of activity||United Kingdom|
|Benefeciaries||Learning disabled individuals, “English as an additional language” (EAL) pupils, communication-impaired early years pupil children in need of longer-term speech and language therapy intervention, dementia patients|
|Customers||Early years education providers, primary schools, special schools and supported living institutions, speech and language therapists and individuals with communication issues|
A simple, transparent system for registering, allocating and managing childcare slots in municipalities.
|Area of activity||Germany|
|Benefeciaries||Children and families, especially those with an immigrant background, the educationally disadvantaged and single parents|
|Customers||Municipalities, welfare organisations and private agencies|
Generation of a huge donation volume by collecting micro donations. Even former „non-donors“ are now empowered to create positive change.
|Area of activity||Germany|
|Benefeciaries||Social projects in Germany, which receive 100% of the donation volume|
|Customers||big retailers in Germany|
A unique, ethical, safe and effective platform for the exchange of human genomic data.
|Area of activity||UK|
|Benefeciaries||Patients suffering from rare, previously incurable diseases|
Johannes is managing partner at Ananda Ventures. He founded Ananda Ventures and built it up along with Florian Erber. Johannes is a very passionate entrepreneur. In addition to founding several start-ups, he possesses a strong desire to put business at the service of society. In 2006, he took a stake in PANDA Investment Management, an investment company that focuses on sustainable investments and a former partner of the World Wide Fund for Nature (WWF). After selling his stake, Johannes decided to found Ananda Ventures in order to implement his vision for impact investing in Germany. Johannes was recognized as a ‘Young Global Leader of the World Economic Forum’ in 2014. He is a graduate of the European Business School in Oestrich-Winkel, and studied Entrepreneurship and Finance at the HEC in Lausanne and the International Business School in Budapest. In 1999, Johannes was part of the NATO Kosovo Forces (KFOR) in Pristina, Kosovo.
Florian is managing partner and co-founder of Ananda Ventures. He combines his substantial venture capital know-how with highly relevant entrepreneurial experience. After beginning his career as a business consultant, he joined German venture capital firm Wellington Partners in 2000. In the following five years, he served on the board of several portfolio companies in his function as an investment manager for Wellington. His entrepreneurial journey then led him to the US high-tech startup WhereNet, where he was the managing director responsible for sales and services in the EMEA region. This was followed by a role as CFO at Munich-based software startup Aloqa, for which he successfully arranged Series A financing. Florian studied Electrical Engineering at the Technical University of Munich and the ENSTE Toulouse, France. He also holds an MBA from the TU Munich and the University of California, Berkeley.
Lennart is responsible for our UK operations and our office in London. For more than 20 years, Lennart has been well-established in the financial sector, working in New York, London and Hong Kong. He began his career at JP Morgan in investment banking, before moving on to derivative trading and structuring. After that he founded his own company, driven by his passion for turnaround situations and complex project-financing, and his desire to develop innovative solutions for seed and startup funding. His strong interest in early stage companies also took him to a role as an investment manager at the Foundation for Social Entrepreneurs – UnLtd. Lennart has a degree in Finance from Loughborough University and is a graduate of the JP Morgan Finance Program.
Bernd serves as Managing Partner at Ananda Ventures. He has been working in finance and management for over ten years.
After completing his law degree and doctorate at the University of Bayreuth, he began his career at McKinsey & Company. As a project manager with a primary focus on financial institutions and change management, he operated in Germany, the Netherlands and Malaysia. Bernd gained valuable entrepreneurial experience when he assumed the role of CEO of the finance and property service provider PlanetHome AG. He succeeded in helping PlanetHome Group to become the leading B2B-Partner in the placement and financing of private properties, with over 500 employees in 80 locations in Germany and Austria.
Felix is an analyst at Ananda Ventures. After completing the extracurricular programme of the Social Entrepreneurship Academy in Munich he gained start-up experience in the educational field. He later worked with the energy provider Polarstern in marketing and business development. Felix studied economics in Munich and Copenhagen and is working towards a Bachelor degree in philosophy while in employment.
Dr. Arne Kroeger teaches and researches as academic council at the Leibniz University Hannover. He worked as an analyst with Ananda Ventures for four years and currently consults us on impact assessments of potential and current investments. His research focuses on social impact measurement and impact investment. Among others, the Academy of Management Review, one of the most influential management journals worldwide, published an article of Arne Kroeger titled “A Conceptual Framework for Comparing Social Value Creation”. Arne Kroeger regularly presents his research findings at academic conferences in Oxford, Boston, Syracuse and New York and participated in research projects in cooperation with the Bertelsmann Foundation and the World Bank Group. In the context of his research, he stayed for two months in Singapore with Impact Investment Exchange Asia conducting an impact assessment for an organization in Bangladesh. He has also worked in an aid development project in Sri Lanka for three months.
Beatrix manages the back office in Munich and works as a management assistant. She is also in charge of marketing at Ananda Ventures. She can draw on many years of experience as an assistant in diverse companies, particularly in the field of advertising. As a non-native resident of Munich, she loves the proximity to the mountains and lakes around Munich and also likes to take advantage of the varied cultural events and activities available in the capital of the state of Bavaria.
Dr. Thomas Jetter supports Ananda Ventures as advisor to the investment committee with more than 25 years of experience in investment banking, strategy consulting and private equity. Taking an undergraduate degree and a PhD at the University of Saarbrücken, Germany, Thomas then began his career at JP Morgan in Frankfurt am Main and New York City. In 1989, he joined McKinsey & Company, where he was Engagement Manager in different industry sectors out of Frankfurt and Sao Paolo. Between 1995 and 2008, Thomas was Partner at Permira Beteiligungsberatung GmbH. Besides leading the company’s chemistry unit, he supported the founding of additional offices outside of Europe and was part of the selection committee for new partners. Today, among other activities, he is member of the advisory boards of Ashoka Germany and the John Hopkins University in Bologna.
In his role as advisor, Christian Saller is an invaluable part of the investment committee. He joined Holtzbrinck Ventures in 2013. Before then, Christian was CEO of the flight search engine Swoodoo, where he was responsible for the company’s development from market entry to market leader in Germany, and its subsequent sale to the American market leader KAYAK. In his role as the Managing Director for Europe, Christian Saller continued to manage KAYAK’s European organization and oversaw the Europe-wide roll-out of its marketing strategy. He was also involved in the successful IPO on the NASDAQ and the subsequent sale of KAYAK to the leading global online travel company Priceline. Before Swoodoo, Christian was investment manager at a venture capital company, followed by management positions in two media start-ups. He began his career in 1998 at an international strategy consulting company. Christian holds a doctorate “summa cum laude” in Mathematics and received an MBA with distinction from the London Business School.
Associate/Investment Manager (m/f) full time, Munich
Team assistance/backoffice manager (m/f) 70%, Munich
Working student (m/f), Munich
Deutschland rundet auf
Essex – action for children
Third Space Learning
Impact in Motion worked together with Ananda Ventures to produce a fourth English-language sector study. In the study, Stephanie Petrick analyzed the role of Impact Investing in the European real estate market.
Impact in Motion worked together with Ananda Ventures to produce a third English-language sector study. In the study, Stephanie Petrick analyzed the role of Impact Investing in the German and British education sectors.
Impact in Motion worked together with Ananda Ventures to produce a second English-language sector study. In the study, Impact Investing opportunities in the area of the aging societies in Great Britain, Germany, and France were analyzed.
Stephanie Petrick (Impact in Motion) worked together with Ananda Ventures to analyze investment opportunities for Impact Investors in the area of integration of persons with long-term unemployment. This English-language study provides detailed insights into the situations in the British, German, French, and Swiss markets.
Stephanie Petrick and Melinda Weber were contracted by the Bertelsmann Stiftung fund to analyze current market developments and actors in the German Impact Investing market for the Social Impact Investing Task Force which was set up by the G8.
Use investments to remedy social and ecological grievances and achieve financial returns at the same time – that is the promise of an up-and-coming class of investment: “Impact Investments”. The market analysis is directed at the German-language region and offers insights into the ecosystem of Impact Investing as well as possible instructions for a course of action for building up the market.
In this paper summarizes the main findings from new research on impact investing supported by IESE Business School and the Family Offices Circle Foundation, based on interviews with more than 60 dedicated impact investors. In it, the authors define impact investing, identify the diverse investors and how the have succeeded or failed and explain why the popular assumption that impact investing involves a trade-off between financial gain and social impact is wrong.
Data collected from 125 Impact Investors by the Global Impact Investing Network (GIIN) and JP Morgan.
Lennart Hergel at Capital on Stage in Berlin, May 2017
Johannes Weber at Capital on Stage in Munich, December 2016
Johannes Weber on the SensAbility – The WHU Social Enterprise Conference
Johannes Weber on the G8 Social Impact Investing Forum in London
Auticon podcast @ BFM Business
LITTLE BIRD was nominated for the German Founders’ Prize 2015, Berlin, 30. June
Auticon has received a special award at the German Founders’ Prize 2015 in Berlin, 30. June
Deutschland rundet auf, Woche des Aufrundens
Article in the Handelsblatt: “Soziale Rendite” – March 2017
Article in the FAZ: Earning good money – October 2016
Interview with Johannes Weber – wir Magazin – July 2016
Social Startups? As yet it works! Protriat about Ananda Social Venture Fund in the start-up scene, June 26, 2015
Returns just as crucial for social impact investors in Germany, Unqoute, January 6, 2015
LITTLE BIRD und SVF auf Gründerszene, 15. Dezember 2014
“Wir investieren nicht wie andere VCs in kopierte Technologien”, Gründerszene, 05. September 2014
“Es ist nicht verwerflich, soziale Probleme zu lösen und Geld zu verdienen”, planet wissen, 20. März 2014
“Nachhaltige Investments”Handelsblatt, Business Briefing, 14. Feburar 2014
“INVESTING FOR GLOBAL IMPACT” Family Office Research Published by the Financial Times, 2014
“Soziale Probleme löse und dabei Geld verdienen” von Holger Paul erschienen in der Frankfurter Allgemeinen Zeitung”
© Alle Rechte vorbehalten. Frankfurter Allgemeine Zeitung GmbH, Frankfurt. Zur Verfügung gestellt vom Frankfurter Allgemeine Archiv, 07. Dezember 2013
Soziales Unternehmertum “Wie Investoren mal eben kurz die Welt retten”, 27. April 2013
Social Venture Capital “Keine Sozialromantik”, 26. März 2013
Social Venture Fund in private wealth, März 2013
Interview mit Arne Kröger vom Social Venture Fund, 28. Januar 2013
“Geld fürs Geldverdienen mit gutem Gewissen”von Holger Paul erschienen in der Frankfurter Allgemeinen Zeitung”
© Alle Rechte vorbehalten. Frankfurter Allgemeine Zeitung GmbH, Frankfurt. Zur Verfügung gestellt vom Frankfurter Allgemeine Archiv, 26. Januar 2013
Stephen Brenninkmeijer im Magazin für Familienunternehmen “WIR” über Impact Investing und den Social Venture Fund, Dezember 2011 / Januar 2012
Social Venture Fund in WERTE, Das Kundenmagazin der BW Bank, November 2012
Social Venture Fund in der FAZ (Interview mir Dr. Monika Roell), 16. Februar 2011
Social Venture Fund in DIE STIFTUNG, Juli 2010
Social Venture Fund im Magazin enorm
Media4Care – Media4Care geht dank Millionenspritze auf Expansionstour, Deutsche Startups, 25.04.2018
LITTLE BIRD – Die digitale Nest-Verwaltung – FAZ, 22.08.2017
LITTLE BIRD – Diese Erfindung bekämpft den Kitaplatz-Mangel in Deutschland – STERN, 17.08.2017
media4care – How a tablet can slow down dementia – Südkurier, 01.06.2017
ResQ Club – ResQ Club and MealSaver merge – Gründerszene, 18.05.2017
LITTLE BIRD & auticon – two of the 15 German companies, which make the world a better place – Gründerszene, 09.05.2017
auticon – Have a problem? No one else can help? Hire the A(utism) Team – forbes.com, 08.12.2016
MealSaver – MealSaver wants to fight food waste with an app – WIRED 19.10.2016
auticon – Staff with autism can offer employers rare skills – FT, 14.07.2016
IESO digital health – Simon Cartmell (IESO Executive Chairman) is awarded an OBE (Order of the British Empire) – 13.06.2016
auticon – Interview with Kurt Schöffer – Mittelpunkt 02.2016
Ordermed (vitabook) – “Sag mir, was du nimmst” – FAZ, 20.05.2016
auticon – Beautiful minds wasted, how to deal with autism – The Economist, 16.04.2016
auticon – Munich based company relies on autistic employees
Third Space Learning launches online teaching, July 9, 2015
Media Demetia wins the Innovationprice, July 6, 2015
LITTLE BIRD at the German Founders’ Prize 2015, June 30
auticon at the German Founders’ Prize 2015, June 30
auticon – Autisten als IT Fachkräfte, 25. Juni 2015
3 Jahre – Deutschland rundet auf, 02. März 2015
Insane Logic make sense, 10. Oktober 2014
auticon in den ARD Tagesthemen (ab Minute 15:30). 05. Mai 2014
Online Helfer für Hörgeschädigte, FAZ, 14. April 2014
Deutschland rundet auf, Der Sozialarbeiter, FAZ, 10. Oktober 2013
Kinderzentren Kunterbunt, ‘Weltklasse’ für Kinder, Nordbayerische Nachrichten,
21. September 2013
Richtfest für ungewöhnlichste Kita der Stadt, Rheinische Post, 25. Juli 2013
Eine Lektion im Anderssein, Stuttgarter Zeitung, 02. Juli 2013
Stille Spezialisten, FAZ, 14. Juni 2013
Gebärden-Dolmetscher per Smartphone, Münchner Merkur, 19. Juli 2013
Normalität gesucht, SZ Landeskreisausgabe, 04. Juni 2013
VerbaVoice: EXIST-Gründerstipendium: Sprungbrett für Visionen, März 2013
auticon – Autisten verleihen ihre Hochbegabung an IT-Unternehmen, 16. Januar 2013
Autismus, Der besondere Blick, 15. April 2012
Social impact bond launched to help teenagers in care and the homeless, The Guardian, 23. November 2012
Zur Investition in VerbaVoice (Magazin Gateway), Januar 2011
Tel: +49 (0) 89. 76 77 51 7 – 0
Fax: + 49 (0) 89. 76 77 51 7 -14
71 Central Street
London EC1V 8AB
Our investment managers continuously evaluate new ideas. In order to obtain a brief overview, we ask that you send us a pitch deck. If the described venture is of interest to us, we will contact you requesting further documents which help us understanding your business, market environment or impact. If the venture continues to be of interest to us and meet our preliminary criteria, we will arrange a personal interview with you. The Due Diligence process will then begin. Depending on the complexity of the business model, it can take between four weeks and four months to go from the initial application to receiving investment from Ananda Ventures.
Please send your pitch deck to Mrs. Beatrix Wiedemann (firstname.lastname@example.org).