The social services non-profit industry in Benelux is focused on enhancing quality of life through various support services, including health, education, and community development. Organizations range from small foundations providing local assistance to large entities directing extensive funding to international initiatives. They tackle pressing challenges such as poverty, social inequality, and access to essential services. With growing awareness of social issues, the industry is shifting towards innovative financing models and partnerships, ensuring sustainable outcomes. As NGOs and impact investors collaborate, there's a stronger emphasis on measured impact and transparency, signaling a progressive path for the sector.


The investors featured in this list include a range of corporate, private equity, and venture capital firms headquartered in the Benelux region. Variance in size, with many operating within small teams, can be found alongside larger institutions. Founded from 1991 to 2016, these firms are committed to fostering social impact. In 2024, they collectively completed over 30 investments, showcasing a robust engagement in the social services non-profit landscape, from healthcare to renewable energy solutions. Each investor uniquely contributes specialized knowledge and resources to enhance community welfare across the region.


Top 14 Social Services Non Profit Investors in Benelux


1. BIO - the Belgian Investment Company for Developing Countries


BIO - the Belgian Investment Company for Developing Countries is a not-for-profit organization established in 2001, based in Brussels, Belgium. It aims to provide investment support and development financing to private sector companies in developing countries, facilitating access to growth and sustainable development resources. Notably, BIO has been involved in several significant transactions that reflect its commitment to social impact. For instance, it participated in a EUR 9.4 million capital raise for the Kashf Foundation, which focuses on financial inclusion and empowerment in Pakistan. Additionally, BIO provided debt financing to Pact, an organization dedicated to improving lives and livelihoods in developing countries, and to Banco VisionFund Ecuador, which supports microfinance initiatives. These transactions highlight BIO's role in fostering social services and economic development, making it a relevant player in the social services non-profit investment landscape.


2. Triodos Bank

  • Website: triodos.com
  • Type: Venture Capital
  • Headquarters: Driebergen-Rijsenburg, Utrecht, Netherlands
  • Founded year: 1980
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: triodos-bank

Triodos Bank N.V. is a public entity operating as an ethical bank focused on sustainable finance. Founded in 1980 and based in Driebergen-Rijsenburg, Utrecht, Netherlands, Triodos Bank offers services such as depository receipts, green bonds, and investment management, catering to individuals and businesses seeking to align their financial activities with ethical and sustainable practices. The bank operates in multiple European countries, promoting transparency and positive impact in the banking sector. Notably, Triodos Bank has been involved in significant transactions that support social initiatives, including a £1.9 million funding round for Hackney Arts Centre, aimed at creating a socially minded arts complex. Additionally, they have invested in organizations like BASIX and Aavishkaar Venture Capital, which focus on social and economic development, further demonstrating their commitment to social impact investing.


3. Oikocredit

  • Website: oikocredit.coop
  • Type: Corporate
  • Headquarters: Amersfoort, Utrecht, Netherlands
  • Founded year: 1975
  • Headcount: 201-500
  • Number of deals in 2024: 12
  • LinkedIn: oikocredit

Oikocredit is a not-for-profit social investment organization founded in 1975, based in Amersfoort, Utrecht, Netherlands. The organization focuses on providing financial support to entities in the financial inclusion, agriculture, and renewable energy sectors. Oikocredit aims to enhance the social impact of its partners, particularly those serving low-income communities, through loans and equity investments. Notable transactions include a $5 million debt financing for Yellow in 2023, which likely supports social initiatives, and a $1.1 million debt financing for African Clean Energy in 2020, contributing to renewable energy access. Additionally, Oikocredit participated in a Series B funding round for Good Nature Agro, which emphasizes sustainable agricultural practices. These transactions highlight Oikocredit's commitment to fostering social impact through its investments.


4. DOB Equity

  • Website: dobequity.nl
  • Type: Private Equity
  • Headquarters: Veessen, Gelderland, Netherlands
  • Founded year: 1997
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: dob-foundation

DOB Equity is an impact investment fund founded in 1997, based in Veessen, Gelderland, Netherlands. The fund specializes in supporting innovative and scalable companies in Eastern Africa, aiming to create social impact while ensuring long-term profitability for its portfolio companies. By providing funding and expertise, DOB Equity helps entrepreneurs navigate challenges and contribute positively to their communities. Notable transactions include their investment in Bridge International Academies, which focuses on enhancing educational access and quality, and Jibu, which raised $1.5 million to provide affordable clean water solutions. These investments reflect DOB Equity's commitment to fostering social services and addressing critical community needs.


5. EDFI ElectriFI - The Electrification Financing Initiative


EDFI ElectriFI - The Electrification Financing Initiative is a not-for-profit impact investment facility established in 2016, based in Belgium. It is dedicated to financing renewable energy projects in developing countries, providing both equity and debt financing along with technical assistance to enhance access to clean energy. The organization specifically targets renewable energy companies and projects in rural and underserved areas, aiming to facilitate sustainable energy solutions. Notable transactions include a $3.8 million Series A investment in Nuru, which focuses on providing energy solutions, and a $5 million debt financing for PEG, a company that also works on energy access. These investments highlight ElectriFI's commitment to supporting initiatives that not only promote renewable energy but also contribute to social development by improving energy access in communities that need it most.


6. Bamboo Capital Partners

  • Website: bamboocp.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: bamboo-finance

Bamboo Capital Partners is an impact investment firm based in Luxembourg, founded in 2007. The firm specializes in providing innovative financing solutions to businesses in emerging markets, focusing on sectors that include financial inclusion, clean energy, healthcare, and agribusiness. Their mission is to improve the lives of marginalized communities while delivering financial returns. Notable transactions include their participation in funding rounds for Bboxx, a company dedicated to expanding access to off-grid solar energy in Africa, which raised significant amounts in various funding rounds (including $50 million in 2019 and $20 million in 2016). These investments reflect Bamboo's commitment to enhancing social impact through sustainable business practices, making them a key player in the impact investing landscape.


7. Globivest

  • Website: globivest.com
  • Type: Venture Capital
  • Headquarters: Mamer, Capellen, Luxembourg
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: globivest

Globivest is a venture capital firm based in Mamer, Capellen, Luxembourg, founded in 2016. The firm is dedicated to empowering early-stage startups that prioritize impact alongside profit, providing both funding and strategic support to entrepreneurs. Their portfolio reflects a commitment to innovative and scalable solutions across various sectors. Notably, Globivest has invested in Nilus, a company focused on addressing food insecurity, raising a total of $3.5 million in Series A funding and $2.5 million in a Seed Round. Additionally, they have supported other startups like OpenGrants and LVNDR Health, which also contribute to social good, further demonstrating their alignment with social services objectives.


8. Waterland Private Equity


Waterland Private Equity Investments B.V. is a private equity firm based in Bussum, North Holland, Netherlands, founded in 1999. The firm specializes in growth equity investments and partners with ambitious entrepreneurs and management teams to support their growth strategies through strategic planning and operational assistance. Waterland focuses on various sectors, including healthcare and sustainability, and operates across Europe. Notably, Waterland has made significant strides in the social services sector with its acquisition of Sandcastle Care, a childcare services provider that specializes in residential care for young people. This acquisition highlights Waterland's engagement in social services, alongside their other investments such as Elk groep, a construction and renovation company, and a minority stake in COGEP. While their portfolio is diverse, the investment in Sandcastle Care underscores their potential relevance in the social services non-profit context.


9. Goodwell Investments

  • Website: goodwell.nl
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2004
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: goodwell-investments

Goodwell Investments is a venture capital firm based in Amsterdam, Netherlands, founded in 2004. The firm is dedicated to creating a more inclusive economy by financing motivated entrepreneurs in Africa. Goodwell provides private equity funding and business expertise to scalable companies across various sectors, including financial services, food and agriculture, and logistics. Their investment strategy emphasizes supporting local businesses that deliver essential goods and services to underserved communities. Notable transactions include their participation in the funding rounds for WhereIsMyTransport, a mobility data company that aims to improve access to transportation services in underserved areas, and Good Nature Agro, which focuses on sustainable agricultural practices. These investments reflect Goodwell's commitment to fostering social impact through their portfolio companies.


10. Triodos Investment Management


Triodos Investment Management is an impact investment firm based in Driebergen-Rijsenburg, Utrecht, Netherlands, founded in 1994. The firm focuses on generating social and environmental impact alongside financial returns, offering a range of investment strategies across various themes. Notably, Triodos has been involved in significant transactions in the microfinance sector, such as their investment in FINCA Microfinance Holding Company LLC. This investment aimed to transform FINCA’s subsidiaries into commercial corporate forms to provide expanded financial services to the working poor, highlighting Triodos' commitment to social services. Their investment strategies target professional and institutional investors who seek to align their investments with positive change, further emphasizing their role in the social impact space.


11. EDFI Management Company

  • Website: edfimc.eu
  • Type: Corporate
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: edfi-management-company

EDFI Management Company is a not-for-profit organization based in Brussels, Belgium, founded in 2016. It provides financial services aimed at empowering entrepreneurship in developing countries, with a strong focus on sustainable development. EDFI Management Company offers tailored financial solutions to European Development Financial Institutions and private sector companies, primarily investing in sectors such as renewable energy and agriculture. Notable transactions include a $3 million debt financing for Good Nature Agro, which supports sustainable agricultural practices, and an $8 million Series A funding for Solar Panda, a company enhancing access to energy in Kenya and Sub-Saharan Africa. These investments reflect EDFI's commitment to facilitating impactful projects that contribute to social services and economic development.


12. Incofin Investment Management


Incofin Investment Management is an impact investment firm based in Antwerp, Belgium, founded in 2009. The firm specializes in financing and supporting organizations in emerging markets, focusing on promoting financial inclusion and sustainable development. They provide a variety of services, including equity investments, debt financing, and technical assistance, aimed at fostering positive social impact. Notable transactions include a venture round investment in Spouts of Water, which raised over $3 million, and a debt financing deal with Rent 2 Own in Myanmar, which secured $3 million. These investments reflect Incofin's commitment to supporting initiatives that enhance access to essential services and contribute to social welfare.


13. H2 Equity Partners

  • Website: h2ep.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1991
  • Headcount: 11-50
  • LinkedIn: h2-equity-partners

H2 Equity Partners is a private equity investment firm based in Amsterdam, Netherlands, founded in 1991. The firm specializes in private equity investments in mid-sized companies across various sectors, providing hands-on support and consulting services to help management teams achieve growth and operational improvements. Notably, H2 Equity Partners acquired NRS Healthcare in December 2014, a company that plays a significant role in providing healthcare services, which aligns with social services objectives. Additionally, they facilitated debt financing for Four Seasons Health Care in February 2018, further indicating their involvement in the healthcare sector. These transactions highlight H2 Equity Partners' engagement in areas that can impact social services, particularly in healthcare, although their overall investment strategy encompasses a wider range of industries.


14. Noaber

  • Website: noaber.com
  • Type: Corporate
  • Headquarters: Ede, Gelderland, Netherlands
  • Founded year: 2000
  • Headcount: 11-50
  • LinkedIn: noaber-foundation

Noaber Foundation is a not-for-profit organization based in Ede, Gelderland, Netherlands, founded in 2000. The foundation is dedicated to driving change and improving health outcomes through various health improvement programs and social initiatives. It collaborates with healthcare organizations and communities to promote healthier lifestyles and enhance social health. One notable transaction involved Fundis, which raised an undisclosed amount in a Seed Round on January 1, 2014. This investment reflects Noaber's commitment to supporting initiatives that can lead to improved health and social outcomes, further emphasizing their role in the social services non-profit sector.



Social Services Non Profit Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
BIO - the Belgian Investment Company for Developing CountriesBrussels, Brussels, Belgium51-20020014
Triodos BankDriebergen-Rijsenburg, Utrecht, Netherlands1001-500019802
OikocreditAmersfoort, Utrecht, Netherlands201-500197512
DOB EquityVeessen, Gelderland, Netherlands1-1019971
EDFI ElectriFI - The Electrification Financing InitiativeBelgium11-5020162
Bamboo Capital PartnersLuxembourg11-5020071
GlobivestMamer, Capellen, Luxembourg1-1020161
Waterland Private EquityBussum, North Holland, Netherlands201-50019997
Goodwell InvestmentsAmsterdam, North Holland, Netherlands11-5020043
Triodos Investment ManagementDriebergen-Rijsenburg, Utrecht, Netherlands201-50019946
EDFI Management CompanyBrussels, Brussels, Belgium11-5020161
Incofin Investment ManagementAntwerp, Flanders, Belgium51-20020099
H2 Equity PartnersAmsterdam, North Holland, Netherlands11-5019910
NoaberEde, Gelderland, Netherlands11-5020000


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