At Ananda, we see ‘doing good’ as a moral imperative. To demonstrate this, we consistently track and evaluate key impact metrics, and we are proud to present the tangible results again in this year’s report.

So far we invested in 43 companies. 8 of them have had an exit. Each portfolio company has a unique mission and an innovative solution to address the world’s biggest challenges at scale.

Here are some of their impact highlights:

At the beginning of the investment period, we work together with founders to define a unique set of impact KPIs and targets that are closely linked to each company business model. If the business grows, the impact grows. This ensures there is no trade-off between impact and profitability—because true impact has to be built into a company’s DNA.

Each of our portfolio companies has a unique mission and solution to tackle the world biggest challenges at scale. We visualise the Impact by way of ‘impact multiples’.

At the company level, the realised impact values are divided by the target values and then weighted to determine the Company Impact Multiple. On the basis of the Impact Multiples of each portfolio company an overall Portfolio Impact Multiple is calculated.

Fund II has been the first fund in Europe linking impact and carry, so we are especially proud to show that the theory holds up in real life. With Fund II we have surpassed our impact targets by more than 10%. This is an important milestone to us.

Fund III is now showing an impact multiple of 1.51 – a significant increase from last year’s 1.28. This reflects continued strong progress as the fund matures and deepens its contribution toward meaningful impact.

Fund IV has shown an increase in its impact multiple, progressing in line with the expected linear trajectory. As the fund is still within its initial years, the current multiple reflects steady advancement toward its final targets.