Startup Beat
This article was originally published by Daniel Mora Matiz on Novobrief, an Espacio partner publication.
Investing in socially responsible startups is a brisk business that is rapidly growing in popularity and profitability. Investment in this sector has increased from €4 billion to nearly €50 billion in the last decade, according to the Global Impact Investing Network (GIIN) and Dealroom. It is growing at a rate of more than 16% per year.
The main forces driving this growth are EU and Spanish regulations that incentivize or penalize companies for meeting the ODS (Sustainable Development Goals), as well as a new generation that places a higher emphasis on sustainability.
The impact startup market has grown exponentially in recent years and is now worth $715 billion. Despite being a relatively new market, impact startups outperform other emerging companies in terms of survival. This is because, according to Manu Nieto, Co-Founder and General Partner of First
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