Rubio now manages a total of 220 million euros. “We are really gaining steam now,” says co-founder Willemijn Verloop.
Veronique Estié: investing is about returns, but is also a moral issue
Since 2015, Rubio has entered more than forty young companies that want to realize attractive financial and social returns. Cultured meat substitute Mosa Meat, energy specialist Sympower, mental well-being platform OpenUp and palm oil substitute NoPalm Ingredients are examples of this.
The 70 million euros that Rubio has now raised comes from a group of Dutch entrepreneurs and families. Major investors such as ING, NN Group, the European Investment Fund, Invest-NL, Oost NL and the Brabant Development Agency have also contributed.
ING and NN
ING and NN are now investing in Rubio for the first time. Verloop is happy with it. According to her, the contribution from ING and NN is a sign that investing with impact is becoming a mature market. Sustainability-oriented financial service providers such as ASN, ASR and Triodos have previously adopted Rubio.
For CEO Rinke Zonneveld of Invest-NL, it is a logical choice to make capital available to Rubio again. “Especially the way in which they vigorously tackle climate and social issues inspires others and convinces institutional investors to take this step,” Zonneveld emphasizes.
The 70 million euros raised has been placed in Rubio’s third investment fund. The investor wants to eventually expand that fund to 111 million euros by also raising money from other parties.