Hi friends,

Here is a test for any impact company: where does the impact show up in the business?

Not only in the mission or the pitch, but in the product, customer demand, retention, costs, regulatory position or access to capital.

A strong mission cannot make up for weak economics. But when a company creates impact in the same way it creates value, impact can become a real commercial advantage.

That makes the questions practical.

Does the impact help win or retain customers? Does it open a market, lower risk or improve the economics of the business? Does that advantage grow with revenue? And can investors measure it well enough to tell the difference between a genuine value driver and a good story?

In our view, impact should not sit beside the business model. It should be part of why the business works.

The resources below look at both sides of that question: how companies can build impact into growth, and how investors can test, measure and support its link to returns.

We hope you find these resources and the other updates we’ve shared this week valuable.

with 💖
David & Andreas

Impact becomes commercially valuable when it changes what customers choose, how long they stay or which markets the company can serve. These resources show how to build that link into the product, growth model and day-to-day decisions rather than add it later as a reporting layer.

Impact should strengthen the investment case, not sit beside it. These resources offer practical ways to test whether impact opens markets, lowers risk or improves company performance, and whether that relationship can be measured as the business scales.

After this year’s EUVC Summit, we brought together the signals that stood out most for European venture into the EUVC Summit Intelligence Memo.

It is not a recap of the day. It is a concise read on the themes shaping the ecosystem now:

For founders, investors, LPs, CVCs and operators, the memo offers a view of where value is shifting in European venture and what it may take to make Europe’s strongest outcomes repeat.

Your LPs read your reporting more closely than you think. Nine in 10 pull your past quarterly updates when they diligence your next fund, and 0% say they are “very satisfied” with the data presentation in quarterly updates. The update is the trust layer, not admin.

On August 26, during Tech BBQ in Copenhagen, we’re putting that to the test in person.

The Fund CFO Breakfast, presented by Carta × EUVC, is a closed-room AMA where a panel of leading Nordic LPs across family office, fund-of-funds and pension capital will tell fund CFOs and the partners who run finance what actually earns their trust, grounded in our LP Trust Report.

Plus, Chris Turner will give a first look at where Carta’s AI is taking fund admin.

Breakfast runs from 08:30 to 10:00, with around 30 seats and questions from the floor. In person only. No replay. Practitioners only.

The EUVC Impact Leader of the Year award recognises investors delivering positive impact alongside strong financial performance, with impact embedded throughout the investment process.

At this year’s summit, Eka Ventures received the 2025 award following the close of its $107 million second fund.

General Partner Camilla Dolan explains Eka’s shared value thesis, how it assesses exceptional founders and why the firm believes impact can be a driver of outlier returns rather than a trade-off.

The EUVC Firm of the Year award celebrates excellence across the full venture stack, from portfolio outcomes and founder support to LP value creation and contribution to the ecosystem.

Creandum received the 2025 award in the €200M+ AUM category at this year’s summit.

Founder and Partner Staffan Helgesson reflects on more than two decades of building the firm, why venture is a team sport and the principle Creandum keeps returning to as the market evolves: “the price always increases.”

China is moving fast in physical AI and robotics. For Europe, the question is whether competing head-on in hardware is the right strategy or whether the bigger opportunity lies in the software, intelligence and systems built around it.

In the latest episode of This Week in European Tech, Dan Bowyer and Mads Jensen of SuperSeed discuss Europe’s place in the robotics race and why humanoid robots may not be the answer for every industrial use case.

They also cover:

noa has shared the first Founder Showcase from its AGM 2026, featuring Augustus Doricko, Founder and CEO of Rainmaker.

Rainmaker is the “first” private company to validate cloud seeding. Augustus explains how the technology works and what it could mean for tackling water scarcity at scale.