Our Philosophy

Mundi Ventures backs purpose-driven founders. At the time of investment, our founders already have a strong ESG vision. At Mundi, we partner and support them to further realize their unique sustainability goals. We believe that incorporating ESG factors is not only the right thing to do but can build a competitive advantage.

40% of consumers are purpose-driven consumers, who select brands based on how well they align with their personal values, and change purchasing behavior. 76% of employees and job seekers report a diverse workforce is an important factor when evaluating companies and job offers. We believe that these trends will accelerate more and provide growth opportunities for startups.

Our Strategy

Mundi Ventures believes that venture capital firms can contribute significantly to the realization of global sustainability objectives not only by investing in pioneering technologies but also by working closely with founders. 

We achieve our sustainability vision through our value creation projects with our portfolio companies

In the case of Twinco Capital (Amsterdam), our value creation team designed company’s new ESG data product together with the sustainability team of Twinco Capital for the period of three months.

How we work with our portfolio companies

To support our portfolio companies integrate ESG into their business model and move forward, Mundi Ventures has developed a three-step approach for all stages of the ESG journey. Once a startup becomes our portfolio company, we run an onboarding session with every single startup to determine a priority ESG project that Mundi Ventures and the startup can collaborate on.

Our Mission and Commitment

While many sustainability frameworks exist, tracking and measuring hundreds of metrics dilutes the attention towards real action, equating to little impact. Therefore Mundi Ventures has identified Climate Change and Gender Equality to be the most pressing issues where we can make the biggest contribution to solving.

Our Definition of ESG and Impact

To achieve our vision, we established an ESG investment policy that is used throughout the investment lifecycle. There are different ways to integrate ESG factors into the investment.

Mundi Ventures uses an ESG framework to evaluate both risks and opportunities. This assessment then allows us to work with the founders on mitigating the risks and identifying areas of value creation. Mundi Ventures uses ESG factors to evaluate ESG negative risks and positive opportunities to properly value and manage such risks. In addition, we seek to find purpose-driven founders who can create a positive “impact” in society.

Mundi Ventures defines ESG and Impact as the following:

Environmental factors: Business operations that can negatively or positively affect Climate change, Resource depletion, Water, food and electronics waste, Water and Soil Pollution, Deforestation, Biodiversity loss in terrestrial and aquatic ecosystems.

‍Social factors: The treatment of employees including their pay; health and safety; labor conditions; human rights; gender, socioeconomic and racial diversity, and inclusion. The management of the supply chain and the treatment of all stakeholders including customers and communities.

Governance factors:
Institutional frameworks for anti-bribery and corruption,Although our hiring policy is based on meritocracy, our goal is to have more equal representation in every position. We have personal career development support in place to help both genders to achieve higher positions if one aspires. We also recognize that skewed representation on the partner level is our challenge.

Carbon footprint

2022 marks our first effort to measure the CO2e (equivalent) emissions from our own operation. We used the GHG protocol’s guideline which categorizes CO2e into Scope 1, 2, and 3. Scope 1, 2, and Scope 3 (travel) were calculated based on our own data about actual consumption and emission factors, while Scope 3 (Others) is the estimation based on our expenses.

Our total CO2e emission was estimated to be 136.5 tonnes. which was similar to the benchmark emission of Financial actors in Spain with similar size based on Normative. We also leveraged our portfolio company Bizaway to measure our travel related emissions. 

Gender balance

Regarding our own gender balance, we have made significant progress in 2022. The right chart shows our gender balance. Compared to the European VC average, we have more equal representation at the firm level, reaching 43% female and 57% male. 

Although our hiring policy is based on meritocracy, our goal is to have more equal representation in every position. We have personal career development support in place to help both genders to achieve higher positions if one aspires. We also recognize that skewed representation on the partner level is our challenge.

Commitment to the international standards

We believe that ESG and impact integration in the private market investment can benefit from the development of international standards. In 2022, we joined ILPA, UN PRI, and ESG_VC as part of our engagement with external stakeholders including our Limited Partners and other General Partners. We are also a member of Spain CAP and France Invest.

You can read more about our ESG and Impact operation at Sustainability Report 2022

Twinco Capital (Amsterdam): The first sustainable supply chain finance provider

Retailers rely 70% of the production on the global supply chain in developing countries. Twinco Capital is providing upfront affordable supply chain funding to SMEs in emerging markets and also monitoring ESG metrics of such suppliers.

Clarity AI (New York): Bringing societal impact to capital markets

Global ESG assets have surpassed $35 trillion in 2020 and still growing. Clarity AI helps measuring and understanding which companies are “sustainable” which is a complex, multi-dimensional and cross-border task.

Acurable (London): Bringing  wearable healthcare to homes

Sleep related breathing disorder affects 1bn people worldwide, however 85% of them go undiagnosed. Acurable allows home diagnoses easy and protect people from potential diseases caused by breathing.

Floodmapp (Brisbane): Protecting the world from flooding

Floods take thousands of lives every year, causing $96B annual damage. With the climate change, flooding is predicted to displace 50 million people by 2100. Floodmapp predicts floods in real time.

Laiier (London): Reducing water waste with smart surface

Insurers' annual claim related to water leaks reaches £1B in the UK alone. Laiier provides smart surface sensors for building owners to reduce waste and the cost of smart facilities in real-time. (Bilbao): Providing green AI to protect your privacy

Privacy should be a right, not a privilege. offers artificial intelligence with unique design to protect data privacy and minimize carbon footprint, resulting in up to 60% CO2 reductions.

Citibox (Madrid): Revolutionalizing last mile delivery with smart mailbox

Citibox makes last mile delivery easy, efficient and 24/7 available by digitizing mailboxes for customers and logistics partners. It reduces CO2 emissions by 52% for daytime deliveries, and 69% at night.

Betterfly (Miami): Providing purpose-driven benefits

Betterfly offers a holistic employee benefit platform with health & life insurance, and social giving opportunities for employees. The first purpose-driven benefits platform that rewards healthy habits with charitable donations and no-cost life insurance coverage that grows every day.

Submer (Barcelona): Making data centers radically efficient

Data centres account for around 1% of total global electricity demand. By manufacturing a resilient, highly efficient, eco-friendly, computing immersion cooling system for data centers, Submer can reduce energy consumption by 50% and water use by 99%.

“Only those who will risk going too far can possibly find out how far one can go.” - T.S. Eliot
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