At Ananda, our mission has always been to address the most urgent challenges of our time. These challenges demand bold and transformative solutions. When we reflect on the fact that, in the last 50 years, the global wildlife populations have declined by approximately 70%, the climate crisis is escalating, and societal issues such as healthcare and equality remain unresolved—all within the framework of democracies under attack and an education system rooted in a 200-year-old model trying to address a future changing at lightspeed—we must ask ourselves: have we been bold enough as impact investors?

This past year has only deepened the urgency of our mission. The stakes have never been higher, and the demand for immediate, actionable solutions is clear.

Perhaps it’s time to shift gears. To not just talk about being bold, but to fully commit to it. To double down on discovering and supporting the pioneers who are tackling these challenges head-on—and providing them with the tailored support they truly need. 

Fifteen years ago, when impact investing was in its infancy, we at Ananda took a “Hippocratic oath.” We pledged to seek out companies that could transform entire industries for the better, to measure our impact with depth and honesty, and to help unlock more capital for the impact space. These principles remain the foundation of all that we do today.

To date, Ananda has invested in 43 game-changing companies, each dedicated to creating something truly extraordinary. As highlighted in this report, their impact is tangible. Together, we are working towards a healthier planet and a better life on Earth for all.

Over the last year, we’ve leaned into this mission with renewed determination. Since the inception of Ananda Impact Fund IV, a €108M Article 9 fund, we have accelerated our efforts to tackle global challenges. In 2024 alone, we’ve made eight transformative investments across industries, such as sustainable materials, the green energy transition, and reproductive health. These companies are not just solving problems; they are leading the way in creating resilient systems for a better future.

At the same time, we’ve deepened our support for our existing portfolio, investing €17M across 13 companies to help them scale their impact and navigate today’s uncertainties.

This report demonstrates the tangible progress our portfolio companies have made against the ambitious targets we set together. While many have already exceeded expectations, the work is far from over. With the urgency of today’s crises, there is no time to waste—we must continue pushing boundaries and accelerating meaningful change.

We invite your feedback on this report and our work as a whole. Transparency and collaboration are the cornerstones of a thriving impact sector, and we are committed to continuously improving and driving systemic transformation.

Sincerely,
The Ananda Impact Ventures Team