Impact Bridge has invested €1M in Fundeen, a co-investment platform in energy transition and climate change projects, covering the entire value chain of the sector. The transaction, which has been carried out through its fund ‘IB Deuda Impacto España’, has been advised by Across Legal, with a team formed by Sarah Schwartz, Ignacio Montoya, Clara Bernardí and Cristina Sánchez
The transaction contemplates an additional investment of ten million in co-financed projects in 2025 through its platform. In addition, there is the possibility of leveraging additional co-investment projects as new opportunities arise. The agreement also includes a commitment on the part of Fundeen to comply with certain impact covenants, which reinforce the joint agreement to generate a tangible social and environmental impact. For its part, Impact Bridge has linked the interest rate of the loan to the fulfillment of these commitments.
The investment is part of a European regulatory context that promotes citizen participation in energy projects, where different jurisdictions require that at least 20% of investments come from local citizens.
Fundeen has positioned itself in the Spanish energy sector thanks to its innovative use of crowdfunding and the technological development of its own platform. Since its launch in 2017, it has enabled investors of all sizes to fund renewable energy projects, overcome technical and financial barriers and close the financing gap that affects many smaller-scale projects.
Maria Samoilova, head of the fund and Managing Partner of Impact Bridge, has assured that “Impact Bridge’s investment will boost Fundeen’s growth, allowing it to expand its impact and consolidate itself as a benchmark in participatory financing in Spain and Europe. Fundeen has committed to invest 100 million euros locally until 2030”.
Image property of Impact Bridge and Fundeen
