We build companies with a positive
impact on society...
... and the environment.
We scale our profitable businesses and create sustainable change.
We build impactful and profitable companies, different in their business models but all similar in their inherent potential to tackle significant social or environmental challenges. We start, advise and incubate these companies or work with young enterprises, steering and supporting them in accordance with our vision.
We are passionate and multilingual. We speak social, environmental and business English.
We are a company builder, a green business catalyst and social innovator with decades of financial sector experience. The fluency of our people across sectors is the basis of our successful intermediation between the social, green and finance worlds and allows us to scale and mainstream impact investments. We have worked across Europe, the Americas, Africa and Asia. Our passion to create positive impact for societies around the globe unites us.
We build profitable businesses that benefit climate and society at large.
Areas of activity are environmental efficiency businesses (energy, water) with stable monthly cash flows derived from savings, social pay-for-success businesses (education, preventive medicine) that receive a comparatively large cash price once a predetermined social goal is reached, and infrastructure businesses enabling ESG and impact investment considerations in capital markets. Once a business is successful, we seek to integrate our learnings into existing systems and public policy to enable sustainable change instead of parallel systems.
We responsibly pursue our mission with perseverance. We work in diverse teams and partnerships.
Our social and environmental mission is locked into our articles of association. We strive to create well diversified, largely uncorrelated sources of income. This is necessary to attract the 2,400 Billion USD per year necessary to reach the UN Sustainable Development Goals. We focus on long term value creation, typically picking dividends over exits. We finance our activities conservatively, generally preferring equity over debt financing. Our teams and partners are diverse, well incentivized and treated fairly wherever we work.
We work across sectors and geographies. Because social and environmental innovation does not happen in isolation.
Having established econnoa in the summer of 2016, we already hold a stake in an award winning energy business that makes diesel generators obsolete. We co-financed learning assistant software that provides tutoring at a fraction of the current price. We also completed a consulting mandate from GIZ, the German government owned development agency, for a G20 climate change initiative. We are part of the winning consortium that is consulting the EU Commission on investments in education. Last but not least, we are the corporate finance and impact advisor for a leading social finance bank.
Shareholding in GRIPS Energy
GRIPS Energy – Winner of the Bloomberg Finance for Resilience (FiRe) Competition 2016
Turn off that Diesel Generator!
Today, large energy consumers seeking affordable and stable power supply in remote regions oftentimes have no option but to rely on carbon-intense diesel generators. Grips combines clean power supply with portfolio management to substitute diesel-generated energy. Grips is building a diversified and storage supported renewable energy project portfolio – with no need for long-term public subsidies and the potential to supply entire regions and their populations with reliable and renewable power.
Shareholding in GoStudent
High quality tutoring at a fraction of the current market price – finally affordable for parents of all backgrounds.
GoStudent – Learning assistance affordable for all!
Parents of about 900,000 German children pay an average of EUR90 per month for tutoring. These relatively high costs are exacerbating the existing and well known disadvantage of pupils from less affluent households. In addition, many teenagers would prefer anonymous, fast and direct help from a variety of high quality tutors. GoStudent is available on iOS, android and as web application. It offers 24/7 learning assistance by hundreds of registered tutors providing answers that are double-checked at prices that all parents can afford.
Econnoa for EU Commission - DG Education and Culture
Improve education infrastructure and establish pay-for-success models.
Invest in Education across Europe!
We are part of a consortium of experts led by ICF Consulting Services that won the European Commissions’ tender for a study on the feasibility of an education and training investment platform in the context of EAC-472014 (European Commission, DG Education and Culture). While the study will not be published until early 2017, econnoa has already submitted 3 concrete proposals establishing innovative investment cases in school and childcare facilities and pay-for-success models benefiting the long term unemployed and school dropouts.
Econnoa for GIZ
Advisory Mandate for the German Government on climate change, supporting its upcoming G20 presidency.
Private Sector to combat Climate Change!
Mobilizing private sector flows of capital to tackle climate change in developing countries is one of the key subjects of international climate policy. Under the Mexican G20 presidency, a green investment dialogue was formed in the Development Working Group back in 2012. Econnoa was asked by GIZ, the German governments’ development agency, to consult on how to best leverage existing workstreams with respect to the upcoming German G20 presidency. The report was successfully delivered in September 2016.
Econnoa as Capital Markets and Impact Advisor
Advisor to ProCredit Holding in the context of its listing at the Frankfurt Stock Exchange
Impact Investing goes public!
Econnoa acted as listing advisor for the top management of ProCredit Holding, a profitable, development-oriented commercial banking group for SMEs with focus on Eastern Europe. ProCredit is an impact investing show case and success story: professional local banks in less developed markets were historically built by enthusiastic founders (Zeitinger family and IPC) with the support of catalytic capital by development banks (KfW, IFC, FMO, BIO etc.) and early impact investors (DOEN Foundation, responsAbility, TIAA , Omydiar Tufts etc). By applying state of the art banking know-how to SMEs in countries in transition the local ProCredit banks contribute to the stabilization of the financial systems and economies. The successful listing in the Prime Standard segment at the Frankfurt Stock Exchange will facilitate the broadening of ProCredit’s private shareholder base and the realization of the attractive growth potential. Econnoa was delighted to support this landmark transaction as listing advisor in order to contribute to the mainstreaming of the impact investment market.