In this section
We believe that real change starts with measurable impact.
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.
43
companies
in our portfolio
340+
million
euro has been invested in our portfolio companies by us and our co-investors
diverse founding teams in our portfolio (gender, ethnicity, disability)
diversity within the Ananda team (gender, ethnicity, disability)
24+
million
people benefitted directly from the solutions in our portfolio
4,300+
jobs
created through our portfolio companies
16
SDGs
addressed by our portfolio companies
7
planetary
boundaries addressed
4,000+
qualitative and quantitative impact data points
Our portfolio’s impact
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’.
Here is how they are calculated:
$$M_c = \sum_{x} \left( \frac{R_x}{T_x} \cdot w_x \right)$$
$M_c$ = Company Impact Multiple | $x$ = Impact Indicator | $R$ = Impact realized | $T$ = Impact target | $w$ = weight
$$M_p = \sum_{c} \frac{M_c \cdot I_c}{I_p}$$
$M_p$ = Portfolio Impact Multiple | $I_c$ = Total Investment Company | $I_p$ = Total Investment Portfolio (fund)
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 already surpassed our impact targets by more than 20%. This is an important milestone to us.
Fund III is now showing an impact multiple of 1.28, marking the first time it has exceeded 1. This indicates strong progress as the fund advances further into its lifecycle and continues on a positive trajectory toward achieving its impact goals.
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.
ESG reporting
While the Impact KPIs are the core part of how we assess the output of our portfolio companies, we strongly believe that this should go hand-in-hand with fair and sustainable internal processes.
For this reason we have launched a project to efficiently collect a total of ~100 ESG data points from each portfolio company. Here are some selected metrics from our data collection conducted in H1 2024 covering the year 2023.
Our portfolio companies are often very small, so it’s important to consider what administrative burdens and processes are feasible at this early stage. Our goal is to support and guide them in building up these practices.
Environmental
percentage of Companies which measured their footprint on 2023
percentage of Companies which have an Environmental Policy
Social
have policies relating to diversity and equal opportunity
monitor the happiness, engagement, and mental health of employees
Unadjusted Gender Pay Gap*
Source: Sifted (https://sifted.eu/articles/how-to-fix-gender-pay-gap)
Percentage of employees by gender
45%
55%
0.1%
C-level management by gender**
24%
76%
Source: Figures (https://figures.hr/post/proportion-of-women-amongst-managerial-positions)
Governance
have a data privacy policy
have a code of conduct
57%
female representation on the board***
Source: Sifted (https://sifted.eu/articles/startup-boards-still-a-boys-club)
Johannes Wenger
Senior Manager Finance & Impact Measurement
Ananda Impact Ventures
Measuring impact ensures we stay true to our mission, making progress tangible and holding ourselves and our portoflio companies accountable to creating real change.
ACTIVE (2023)
EXITED
