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[Press Release] With 2 new investments and 9 reinvestments in 2022, Phitrust confirms its positioning as an investor in social impact

SOCIAL IMPACT INVESTMENT

With 2 new investments and 9 reinvestments in 2022,

Phitrust confirms its positioning as an investor in social impact

January 4, 2023

Phitrust’s investment strategy focuses on human capital and inclusion, with an approach that places the deployment of social impact at the heart of the entire investment. In a context of energy and inflationary crisis, the teams have secured/enhanced the growth of the companies in the portfolios around the 3 axes of its investment strategy: realization, access to fundamental assets, revalorization, and making them levers for inclusion.

9 reinvestments

Phitrust has reinvested in the development of the following portfolio companies:

 

Axis 1 – Realization: Integration through employment, training, education

> Koiki (Spain) : soft mobility delivery by people with mental disabilities (integration through work).
> Simplon (France) and BeCode (Belgium) : training in coding for people who are far from employment

 

Axis 2- Access to basic goods: health and care, sustainable food, housing, financial inclusion, etc.

> Permicro (Italy) : microfinance
> Swiss Fresh Water (Switzerland) : access to water (beginning 2023)
> Mundo Lab (Belgium) : real estate/third party places with high environmental or sustainable quality

 

Axis 3- Revalue and turn them into levers for integration: circular economy, sustainable agriculture,

> Namé Recycling (Belgium/Cameroon) : collection and transformation of plastic waste
> Les Alchimistes (France) : collection and transformation of organic waste

 

Financing social entrepreneurship

> Lita.co (France) : financing platform for projects with social and environmental impact

 

2 new investments in 2022

> MicroEurope (Spain)

137 million people are excluded from the financial system in Europe (54% of whom are women). The crisis linked to the pandemic has accentuated financial exclusion. Incorporated in Bilbao on February 10, 2022, MicroEurope aims to finance and support the development of microfinance institutions (MFIs) in Europe. With their knowledge of the microfinance sector developed in Italy, the Netherlands and Spain, the 8 co-founders of MicroEurope wish to structure and consolidate the microfinance offer in Europe by providing strategic and technical support to players in the development phase. They are surrounded by 3 institutions that act as reference investors: Phitrust (France), Banca Popolare Etica (Italy) and Seed Capital Bizkaia (Spain).

 

> Tête Haute (France)

Beer is the oldest fermented drink in the world. It has always been synonymous with sharing and social ties. By becoming the first craft brewery of insertion in France, Tête Haute wishes to participate in the revival of the craft beer while going further in the role that this drink holds in our society.

Created in 2018, Tête Haute employs, accompanies and qualifies people who are far from employment in the Nantes region through the manufacture and distribution of organic craft beers as well as the exploitation of a 1 hectare organic hop field for the brewery’s needs.

For Olivier de Guerre, President of Phitrust: “In the context of energy and inflationary crises, fragility reappears preventing many people from seeking employment or finding one, which amplifies “the market” target for most of the companies we accompany and whose mission is the inclusion of people whether through housing, health, work, training, food … The financing over a long time of these companies led by a new generation of committed entrepreneurs is more necessary than ever as the environmental transition can not be thought without its social component.

 

Outlook for 2023

In 2023, Phitrust will launch the investment company Phitrust Partenaires Inclusion, successor of Phitrust Partenaires Europe. The management company confirms its willingness to invest in innovative social enterprises and to give them the financial and human resources to accelerate their scale-up in Europe. Units created in 2022 will bring together private investors willing to participate in the financing and support of ambitious social enterprises, alongside renowned European institutional investors.

 

About Phitrust

Since its creation in 2003, Phitrust has been investing in large listed companies to help them evolve their E, S, and G practices (Phitrust Active Investors) – and in unlisted companies with positive impact to give them the financial and human means to change scale and deploy their impact (Phitrust Partenaires and Phitrust Impact Investors). Two activities, one mission: to act as a shareholder committed to impact.

Patient capital, accompaniment and partnerships are an integral part of our work to develop an economy that integrates, without opposing them, the challenges of inclusion and the environment. More than 30 social enterprises are supported by Phitrust Partenaires’ teams. More information on: https://www.phitrust.com/impact-societal/

In 2021, Phitrust has adopted the status of a company with a mission, with the aim of “Investing to act and contributing to the growth of companies that integrate human development and the preservation of our planet at the heart of their strategy”.

Contact: Anais Dulong – anais.dulong@phitrust.com – 01 53 65 32 63

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