What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Asset Management Umbrella Fund (AMUF)
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Croatian Growth Investment Programme (CROGIP)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund (BIF)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
EAFRD FoF Portugal
EAFRD FoF Romania
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
INAF – French National Agricultural Initiative
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
ESIF Fund-of-Funds Greece
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)

Makesense incubator launches makesense SEED I fund – first pre-seed fund dedicated to social and environmental impact startups

  •  
    Date: 20 May 2019

The makesense incubator, specialising in assisting young social and environmental startups, has announced the creation of the first impact-investing fund dedicated to pre-seed activities. With a budget of EUR 8.2m, the SEED I makesense fund will invest amounts of EUR 50 000 to EUR 150 000 to finance the creation of start-ups with high impact and growth potential, as decided by an all-female investment committee. Backing each other, the fund and the makesense incubator will pool their resources and support capacities.

Makesense SEED I, first pre-seed fund dedicated to impact startups

Financing promising young impact ventures right from the first stages of growth is a major challenge as these innovative startups are currently facing a substantial funding gap, which makes them lose time and prevents them from focusing on their business. “The entrepreneurs we support all have strong potential for impact and growth. They can really push back the boundaries of society. But they all come up against financing issues in the startup phase. Setting up an investment fund dedicated to the creation of social startups has been one of our main goals since the incubator was created in 2013: it’s a great achievement for makesense,” commented the fund’s three co-founders Léa Zaslavsky, Coralie Gaudoux and Alizée Lozac’hmeur.

A EUR 8.2m envelope from a panel of diverse financiers

The fund received early-stage support from the European Investment Fund (EIF) under the Juncker Plan and from Banque des Territoires. Today, it brings together a wide range of sector stakeholders: French and European institutions (EIF, Banque des Territoires), private (BNP Paribas) and associative (Revital’Emploi) finance providers, individuals and successful entrepreneurs.

The fund will finance investments ranging from EUR 50 000 to EUR 150 000 in young startups in the prototyping and early marketing phases – with scope for reinvestment in subsequent funding rounds. In addition to funding, all the resources of the makesense incubator – mentors, partners, training etc. – will be made available to maximise the startups’ impact and success. This is made possible, in particular, by financial support from the Ministry for the Ecological and Inclusive Transition of France and the “French Impact” label.

A young, female team with an original way of working

The three incubator co-founders behind the makesense SEED I fund will be joined on 1 June by a director with six years of experience in the field of impact investment.

Complementing each other in terms of experience in the fields of entrepreneurship, support, impact measurement and investment, they will form a young, experienced and all-female investment committee, unique to this field.

To meet the specific needs of pre-seed startups, makesense SEED I has created makesense_acccelerate, a three-month hybrid support programme, which will help to accelerate the start-ups’ growth with a view to possible investment: an innovative, agile and targeted method of project analysis.

A fund backed by a pioneering social entrepreneurship incubator

Created in 2013 by Alizée Lozac’hmeur, Léa Zaslavsky and Coralie Gaudoux, the makesense incubator (formerly sensecube) has assisted more than 200 entrepreneurs and startups tackling major social and environmental challenges. This pioneering initiative specialises in projects that use technology leverage to generate a large-scale impact. It covers multiple sectors such as the circular economy, the energy transition, the inclusion of the elderly or disabled, democracy and access to education for all.

Many successes in the area of French social entrepreneurship, such as Too Good to Go, RogerVoice, Voxe.org, Talents d’Alphonse and Carillon, have enjoyed makesense support.

Press contact

Makesense
Alizée Lozac’hmeur
alizee@makesense.org
+33 (0)6 84 73 78 98

Investors’ contacts

European Investment Fund
Investors: 
Philippe Bernard-Treille
Jaime Vera Calonje

Banque des Territoires
Investor:
Adrien Pannetier

BNP Paribas

Press contact: Floriane Ettwiller
+33 (0)7 62 27 48 34
floriane.ettwiller@bnpparibas.com

Revital’Emploi
Investor: 
Frédéric Lingois

Structuring Lawyer: Simmons & Simmons
Agnes Rossi, Stéphanie Guers

 

We use cookies to give the best browser experience on our website. or change cookie settings.


 
 

Copyright ©

 European Investment Fund 2019 – The European Investment Fund is not responsible for the content of external internet sites.