Our Impact Report 2025 is out.

It looks at a question that shaped our work this year in particular: how does capital reach the impact ventures Europe needs, when classic financing logic was not built for their growth model?

Dive into our impact report 2025

Many impact ventures combine viable business models with measurable value, yet struggle to find capital that fits. That is especially true for what we call the Impact Mittelstand: purpose-driven companies that grow through patience and long-term value creation, but classic VC paths often don’t fit them. In 2025, we saw that play out in specific rounds: everwave, one of the first Impact-Linked Finance transactions in Germany; kaer, closing a gap of 10 million missing hours of occupational health care a year; LillianCare, bringing general medical care back to rural regions. 13 such rounds closed in 2025, alongside SEIMA and ECIIF II as new paths for capital into impact. Since 2013, FASE has supported 110+ transactions and mobilised more than €100 million for the impact sector.

Our mission stays clear: mobilising €1 billion for the European impact sector by 2035