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Triodos Bank

Europe, Utrecht, The Netherlands, Zeist

Description

Triodos Bank, headquartered in Zeist, The Netherlands, is a pioneering force in sustainable and ethical banking, with a deep-rooted commitment to positive societal and environmental impact. Established in 1980, the bank has grown to become a leading institution in the impact investing space. Its dedicated investment arm, Triodos Investment Management, manages a diverse range of funds focused on critical global transitions, including renewable energy, sustainable food and agriculture, microfinance, and organic growth for mission-driven businesses. This holistic approach ensures that capital is deployed to foster a more sustainable and equitable economy.

Triodos Investment Management primarily provides growth capital to established, unlisted companies across Europe that demonstrate a clear positive impact. For instance, through funds like the Triodos Organic Growth Fund and the Triodos Food Transition Europe Fund, they seek to partner with businesses that are actively contributing to a sustainable economy or transforming the food value chain. These funds typically provide initial equity investments ranging from EUR 2.5 million to EUR 10 million, which translates to approximately USD 2.7 million to USD 10.8 million, depending on the prevailing exchange rates. This strategic focus allows them to support companies beyond their early stages, helping them scale their operations and amplify their impact.

Beyond growth equity, Triodos Investment Management also manages significant assets in other impact sectors. Their renewable energy funds, for example, invest in the development and operation of clean energy projects, while their microfinance funds empower entrepreneurs in developing countries. As of year-end 2022, Triodos Investment Management reported total assets under management of EUR 6.2 billion, equivalent to approximately USD 6.7 billion, underscoring their substantial capacity to drive change. Their investment philosophy is characterized by a long-term perspective, seeking not just financial returns but also measurable social and environmental benefits.

Triodos Bank and its investment arm are distinguished by their transparent and values-driven approach. They engage in rigorous impact assessment and reporting, ensuring that their investments align with their core mission of fostering a more sustainable future. Their commitment extends to building strong, collaborative relationships with the companies they support, providing not just capital but also strategic guidance to help them achieve their full potential and contribute meaningfully to global sustainability goals.

Investor Profile

Triodos Bank has backed more than 40 startups, with 1 new investments in the last 12 months alone. The firm has led 20 rounds, about 50% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Debt Financing, Series Unknown, Series B rounds (top funding stages).
  • Majority of deals are located in India, Germany, United Kingdom.
  • Strong thematic focus on Financial Services, FinTech, Solar.
  • Typical check size: $2.7M – $10.8M.

Stage Focus

  • Debt Financing (53%)
  • Series Unknown (23%)
  • Series B (8%)
  • Series A (5%)
  • Series C (3%)
  • Post Ipo Debt (3%)
  • Series D (3%)
  • Convertible Note (3%)
  • Private Equity (3%)

Country Focus

  • India (28%)
  • Germany (15%)
  • United Kingdom (8%)
  • Kenya (8%)
  • South Africa (5%)
  • Spain (5%)
  • Indonesia (5%)
  • The Netherlands (5%)
  • Mexico (3%)
  • Mali (3%)

Industry Focus

  • Financial Services
  • Fintech
  • Solar
  • Energy
  • Finance
  • Lending
  • Renewable Energy
  • Small And Medium Businesses
  • Agriculture
  • Information Technology
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Triodos Bank frequently co-invest with?

FMO
Europe, Zuid-Holland, The Netherlands, The Hague
Co-Investments: 2
EDFI ElectriFI
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 3
Developing World Markets
North America, Connecticut, United States, Stamford
Co-Investments: 1
Symbiotics Group
Europe, Geneve, Switzerland, Geneva
Co-Investments: 2
responsAbility Investments
Europe, Zurich, Switzerland, Zürich
Co-Investments: 2
Alphamundi
Europe, Zurich, Switzerland, Zürich
Co-Investments: 2
Calvert Impact Capital
North America, Maryland, United States, Bethesda
Co-Investments: 1
Aavishkaar Venture Capital
Asia, Maharashtra, India, Mumbai
Co-Investments: 2
Shell Foundation
Europe, England, United Kingdom, London
Co-Investments: 2
Omidyar Network
North America, California, United States, Redwood City
Co-Investments: 1

Which angels does Triodos Bank often collaborate with?

TH
Europe, Denmark
Shared Deals: 1

What are some of recent deals done by Triodos Bank?

Lion Storage

Den Haag, Zuid-Holland, The Netherlands

Lion Storage is an expert in creating battery energy storage solutions for utilities.

BatteryEnergy Storage
Debt FinancingFeb 19, 2025
Amount Raised: $365,758,332
AXS Energia

Florianópolis, Santa Catarina, Brazil

The AXS solar power strategy involves the construction of solar plants that generate electricity on a larger scale.

Power GridSolar
Debt FinancingMay 23, 2024
Amount Raised: $31,300,000
Harmony Energy

Knaresborough, North Yorkshire, United Kingdom

Harmony Energy is a developer of utility-scale battery energy storage projects.

EnergyRenewable Energy
Post Ipo DebtApr 25, 2024
Amount Raised: $12,507,473
Sunvigo

Cologne, Nordrhein-Westfalen, Germany

Sunvigo provides you with cheap solar power from your roof and real green power from the grid.

Renewable EnergySolar
Debt FinancingJan 10, 2024
Amount Raised: $16,461,176
La Bolsa Social

Madrid, Madrid, Spain

La Bolsa Social wants to become the main financial market for investors and companies with positive values.

Financial ServicesFinTech
Series UnknownDec 4, 2023
Amount Raised: $758,627
Bridge Taxi Finance

Johannesburg, NA - South Africa, South Africa

Bridge Taxi Finance offers bridge parts, accessories, vehicle management, bridge services, and panel services.

Financial ServicesHardwareTransportation
Debt FinancingJul 31, 2023
Amount Raised: $10,996,769
KoRo

Berlin, Berlin, Germany

KoRo is a D2C FoodTech startup with a focus on making healthy and long-lasting food.

Food and BeverageFood DeliveryFood ProcessingInformation Technology
Series BApr 20, 2023
Amount Raised: $25,225,798
Sunvigo

Cologne, Nordrhein-Westfalen, Germany

Sunvigo provides you with cheap solar power from your roof and real green power from the grid.

Renewable EnergySolar
Series BApr 18, 2023
Amount Raised: $13,169,996
Lulalend

Cape Town, NA - South Africa, South Africa

Lulalend is an online lending company that provides fast and easy working capital funding to small businesses in South Africa.

Customer ServiceFinancial ServicesFinTech
Series BFeb 1, 2023
Amount Raised: $35,199,287
WeLight

Bamako, Bamako, Mali

WeLight deploys sustainable and accessible solutions to accelerate energy inclusion in rural areas of Africa.

EnergySolar
Debt FinancingJan 20, 2023
Amount Raised: $20,665,652