Bolsa Social and Edmond de Rothschild Foundation collaborate to fund social impact startups in Spain

April 8, 2021

  • Through this alliance, we want to promote young Spanish companies that provide solutions to the social and environmental challenges identified by the United Nations Sustainable Development Goals.
  • In addition to providing capital, the Edmond de Rothschild Foundations will engage and accompany companies to maximize their impact in the future.
  • To date, the foundation has made its first investments: happy to eat you s wake up and smileBoth are funded by Bolsa Social.

We want to announce to you some excellent news: We have come to an agreement with Edmond de Rothschild Foundations To finance start-ups with social and environmental impact in Spain.

With this agreement, the family foundation will invest in several influential companies that launch participatory investment rounds through Bolsa Social, as main investor and startups accompanying their growth.

social impact and charitable work project

Through this collaboration, the Edmond de Rothschild Foundation seeks to strengthen its presence in Spain and stay true to its founding mission of supporting social entrepreneurship. Moreover, your intention in this cooperation is Add value beyond your financial investmentFull engagement with companies to try to drive them towards success. This type of investment is known as charitable work projectA committed, long-term investment approach that seeks to maximize the social impact of investing organizations.

“This collaboration was a great opportunity to continue advocating for the development of this convergence of business and impact. We believe the COVID-19 crisis will be a catalyst for the transition to an economy where returns are measured not only by financial credentials, but also by environmental and social credentials. Angelo KonyanEdmond de Rotshchild, Head of Entrepreneurship.

for this part, Jose MoncadaBolsa Social, founder and CEO of Bolsa Social, stated the great value these types of collaboration bring to the impact investing sector: “Supporting an organization like the Edmond de Rotshchild Foundations is yet another example of the huge potential for collaborative impact investing to support innovative social impact companies in Spain among stakeholders. The main actors in the ecosystem. United we are stronger and we are sure that this collaboration will be the beginning of a long, deep and impactful relationship.”

I am happy to eat you, against food waste

Enrique de Miguel and Gabriel Ramas, founders of Encantado de Comerte

It was the company’s first investment happy to eat youAn app from Zaragoza that fights food waste and treats malnutrition for people with financial hardship. Through this platform, neighboring stores and hospitality establishments can sell products that they could not sell through traditional channels at discounted prices.

In addition, during the epidemic, the company has done very important work to help local businesses, which have experienced a significant reduction in their income, and to provide food to vulnerable families, most affected by the crisis. The startup managed to collect a total of 140,000 EUR From 60 investors Through the Bolsa Social, led by the Edmond de Rothschild Foundations.

WakeUp & Smile, virtual reality to relieve the pain of illness

The patient uses the WakeUp & Smile platform

The second company invested by the Foundation was wake up and smileA therapeutic solution that uses virtual reality to improve the well-being of patients in hospitals and accommodations. Through its application, WakeUp & Smile entertains, relaxes and relieves pain for patients during treatment, and accompanies them throughout their illness.

The Madrid company was founded by two French brothers, Sebastien and Jean-Francois Rousey. The idea came from personal experience: their mother had suffered from the disease for more than 10 years, and the brothers realized the need for admitted patients to get out of that environment. Virtual reality was the way to make it happen.

The WakeUp & Smile tour closed with €200,000 investor by 61 investorsled by the Edmond de Rothschild Foundation.

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