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Mirova

Europe, Ile-de-France, France, Paris

Description

Mirova, an affiliate of Natixis Investment Managers based in Paris, is a prominent asset manager singularly focused on sustainable investing. Their core philosophy revolves around a conviction-driven approach, aiming to generate both financial returns and positive environmental and social impact. With a substantial presence in the sustainable finance landscape, Mirova manages a diverse portfolio across various asset classes, including public equities, fixed income, infrastructure, natural capital, and impact private equity. This broad scope underscores their comprehensive commitment to integrating sustainability across different investment horizons and risk profiles.

The firm's significant scale is evidenced by its assets under management, which stood at €30.6 billion as of December 31, 2023. Mirova strategically deploys capital into key themes vital for a sustainable future, such as the energy transition, natural capital preservation, and social inclusion. A notable example of their commitment to large-scale sustainable infrastructure is the Mirova Energy Transition 5 (MET5) fund, which successfully closed at €2 billion in 2023, demonstrating their capacity to mobilize substantial capital for critical climate solutions.

Within their diverse offerings, Mirova's Impact Private Equity arm is particularly relevant for growth-stage companies seeking capital. This team specializes in providing growth equity to European businesses that are not only financially promising but also demonstrate a clear and measurable positive environmental or social impact. Their investment strategy typically involves equity tickets ranging from €5 million to €30 million per deal, targeting companies with enterprise values generally between €20 million and €200 million. This focused approach allows Mirova to support innovative enterprises in sectors like renewable energy, sustainable agriculture, and circular economy, fostering their growth while advancing global sustainability goals. The launch of funds like Mirova Impact Private Equity Fund II (MIPE II), targeting €350 million, further solidifies their dedication to scaling their impact investment activities and providing significant capital to mission-driven companies.

Investor Profile

Mirova has backed more than 44 startups, with 11 new investments in the last 12 months alone. The firm has led 21 rounds, about 48% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in France, Kenya, United States.
  • Strong thematic focus on Energy, Renewable Energy, Farming.
  • Led 6 rounds in the past year.
  • Typical check size: $5M – $30M.

Stage Focus

  • Series Unknown (34%)
  • Series A (14%)
  • Series B (11%)
  • Debt Financing (11%)
  • Private Equity (11%)
  • Series C (7%)
  • Post Ipo Equity (5%)
  • Seed (2%)
  • Pre Seed (2%)
  • Undisclosed (2%)

Country Focus

  • France (45%)
  • Kenya (7%)
  • United States (7%)
  • Indonesia (7%)
  • Germany (5%)
  • Ireland (2%)
  • Chile (2%)
  • Finland (2%)
  • Switzerland (2%)
  • United Kingdom (2%)

Industry Focus

  • Energy
  • Renewable Energy
  • Farming
  • Manufacturing
  • Agriculture
  • Software
  • Agtech
  • Finance
  • Electric Vehicle
  • Recycling
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Mirova frequently co-invest with?

FMO
Europe, Zuid-Holland, The Netherlands, The Hague
Co-Investments: 3
3i Group
Europe, England, United Kingdom, London
Co-Investments: 2
Ceniarth
North America, California, United States, San Francisco
Co-Investments: 1
AXA Investment Managers
Europe, Ile-de-France, France, Puteaux
Co-Investments: 1
The Meloy Fund
North America, Virginia, United States, Arlington
Co-Investments: 3
Nithio Holdings
North America, District of Columbia, United States, Washington
Co-Investments: 2
Bpifrance
Europe, Ile-de-France, France, Maisons-alfort
Co-Investments: 5
BD
Europe, Ile-de-France, France, Paris
Co-Investments: 6
Hy24
Europe, Ile-de-France, France, Paris
Co-Investments: 2
SunFunder
Africa, Nairobi Area, Kenya, Nairobi
Co-Investments: 2

Which angels does Mirova often collaborate with?

BR
Europe, Ile-de-France, France, Paris
Shared Deals: 1
BJ
Europe, Ile-de-France, France, Paris
Shared Deals: 1
PA
Europe, Ile-de-France, France, Paris
Shared Deals: 1
AP
Europe, Ile-de-France, France, Paris
Shared Deals: 1
SN
Europe, Ile-de-France, France, Paris
Shared Deals: 1

What are some of recent deals done by Mirova?

Miro Forestry & Timber Products

London, England, United Kingdom

Miro Forestry & Timber Products manufactures and delivers plywood, edge-glued panels, and wood poles for the industrial sector.

ForestryManufacturingSustainabilityWood Processing
Series UnknownJul 11, 2025
Dexter Energy Services

Amsterdamsche Veld I, Drenthe, The Netherlands

Dexter offers forecasting and dispatching solutions based on AI and cloud-based technology, increasing efficiency and lowering costs.

Artificial Intelligence (AI)Energy EfficiencyRenewable Energy
Series CJul 2, 2025
Amount Raised: $27,141,365
d.light

Palo Alto, California, United States

d.light designs, manufactures, and distributes solar lighting and power products, particularly targeting off-grid communities.

EnergyManufacturingRenewable EnergySolar
Debt FinancingJul 1, 2025
Amount Raised: $300,000,000
Solveo Energie

Fenouillet, Midi-Pyrenees, France

Solveo Energie provides services in the fields of consulting and renewable energy.

EnergyEnvironmental ConsultingRenewable EnergyWind Energy
Series UnknownMay 26, 2025
Amount Raised: $111,587,191
Neot e-motion

Paris, Ile-de-France, France

Neot e-motion is a new leasing platform dedicated to zero-emission mobility in Europe.

EnergyLeasingRenewable Energy
UndisclosedMay 20, 2025
Amount Raised: $393,813,305
Greenway

Gdynia, Pomorskie, Poland

Leading electric vehicle charging service provider in Central and Eastern Europe

Electric VehicleRenewable EnergyTransportation
Series UnknownMar 17, 2025
Amount Raised: $54,399,506
KOKO Networks

Westlands, Nairobi Area, Kenya

KOKO Networks is a platform for smart commerce in urban Africa.

E-CommerceGreen Consumer GoodsGreenTechRetailTrading Platform
Debt FinancingMar 13, 2025
MedinCell

Jacou, Languedoc-Roussillon, France

MedinCell is an injectable slow-release drug specialist company.

Pharmaceutical
Post Ipo EquityFeb 19, 2025
Amount Raised: $44,831,521
JET Charge

North Melbourne, Victoria, Australia

JET Charge is the way in EV charging infrastructure.

Charging InfrastructureElectronicsHardware
Series CDec 19, 2024
Amount Raised: $44,862,860
Elyse Energy

Lyon, Rhone-Alpes, France

Elyse Energy is a Chemical-Manufacturing company.

Manufacturing
Series UnknownDec 5, 2024
Amount Raised: $127,037,631