June 10, 2021
we have us Impact Report on 2020 published. In a year that also turned out differently for us, we are proud to announce that StartGreen Capital has been able to achieve considerable results with its funds. It means that StartGreen Capital really functions as a catalyst for sustainable progress.
Since 2006, StartGreen Capital has had sustainable impact for an inclusive and circular economy in its DNA. StartGreen facilitates entrepreneurs who contribute to a sustainable and inclusive society with innovative technologies, products or services. This is the driving force behind all the investments we make. We focus on projects and companies that contribute to at least one of the Sustainable Development Goals (SDGs), focusing on three themes: energy transition, circularity and diversity & inclusiveness. Our vision is that financial and social returns can go hand in hand.
Despite 2020 being an exceptional year due to COVID-19, StartGreen Capital has invested a total of €71 million during this year through 51 financing to sustainable companies (€70.5 million and 52 companies respectively in 2019). In addition, €23 million in additional capital has been committed (compared to €56 million in 2019) to enable new investments in the transition to a sustainable economy. In addition to the above, a large part of the StartGreen Capital team has committed itself to the assessment of more than 200 applications for the Corona Bridging Loan (COL) in the Province of Noord-Holland. This provides a large number of companies with emergency capital at very short notice. To help sustainable entrepreneurs further through the corona crisis, StartGreen Capital established the StartGreen Fund for Sustainable SME in 2020.
We hope to be able to make many new investments in 2021 and thus continue to contribute to the transition to a sustainable society. Also during this special year, the companies we have provided financing to have made an enormous effort to contribute to a more sustainable and social future. You can read about the impact for 2020 in our Impact Report.