Rotterdam-based Lendahand, an online impact investing platform regulated in the Netherlands, announced on Wednesday that Dutch bank ABN AMRO’s Sustainable Impact Fund (AA SIF) is acquiring a stake in the crowdfunding platform to help it grow.
The AA SIF is owned and funded by ABN AMRO and has its own investment policy. The fund aims to combine social and financial returns by investing in companies that accelerate the transition towards a sustainable and inclusive society in three areas: the circular economy, the energy transition, and social impact.
The fund makes VC investments ranging from €500K to €4M in companies with a proven concept. It also makes private equity investments of €4M to €30M in companies that have a proven business model and are ready for the next phase of their growth.
Lendahand’s mission is to fight poverty in emerging markets by investing in people and their businesses. The investment from AA SIF enables the company to further expand to other European countries to reach more crowdfunders.