Amsterdam-based HPE Growth, a private equity firm focused on early-mid growth capital investments, announced on Monday, January 23, that it has been awarded the B-Corp certified status.
HPE Growth now joins a handful of (2 per cent) B Corp businesses investing in European technology in mid-market growth.
What are Certified B Corporations?
Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.
B Lab, the founder of B-Corp certification, currently endorses over 1,400 European companies meeting their standards.
“Earning a B Corp Certification is an important step in HPE’s ongoing efforts to balance profit and purpose with a verified and trusted standard. Obtaining this certification is not only our team’s achievement but a declaration of our intent and commitment to be a growth investor who seeks to secure sustainable returns for the good of all stakeholders. HPE Growth believes in the power of digital technology to scale technology’s contribution to solving current environmental and social issues,” says the company.
HPE has implemented ESG (Environmental, Social, and Governance) practices to make the business approach sustainable by adjusting the target pipeline and by initiating and supporting environmental, social, and governance initiatives in its partner portfolio companies with an aim toward sustainable growth.
“We look to the future positively and are more than pleased to share this great achievement with our community, specifically as digital technology continues to gain momentum,” says Ayoni Guda, Head of ESG
HPE Growth: What you need to know
It has Assets under Management (AUM) of over €500M.
The VC invests in high-growth software and internet-enabled businesses and writes cheques between €10M to €40M in equity per transaction.
The VC’s portfolio includes PPRO, Tiqets, eGym, Uberall, and WeTransfer (B Corp).
Tim van Delden, Managing Partner at HPE Growth, says, “Our dedicated team will continue to seek innovative investment initiatives as part of our commitment to incorporate a sustainable business approach to create a positive impact on both people and our planet.”
Manfred Krikke, Managing Partner, says, “We believe that a sustainable growth approach is not only an important part of the solution to some of the world’s most pressing issues, but it is also the key to a strong risk-adjusted return on investment for our investors and all their stakeholders.”