
Mirova
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
Frequently Asked Questions
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