Impact Strategy & Measurement.
We design impact strategies, frameworks and measurement systems aligned with your investment goals.
Who it is for
Impact funds, CVC and family offices with impact goals, foundations and multilaterals that fund programs, and accelerators and investment vehicles that must report results.
Impact that can be measured, managed and reported.
How we think
Impact that is not measured cannot be managed, reported or funded.
The problem
More and more capital requires measurable impact.
LPs asking for reports, cooperation funders requiring a baseline and final measurement, corporates with ESG targets. Yet many funds and programs claim impact without a clear theory of change, with metrics that cannot be aggregated across portfolio companies, or with reports put together at the last minute.
We connect impact to the investment thesis from the design stage, so it can be measured, managed and reported.
What we do
Seven components.
Impact strategy
Impact goals aligned with the thesis: what change you seek, for whom, and how it relates to return.
Theory of change
A chain of inputs, activities, outcomes and impact, with explicit assumptions.
Metrics framework
Indicators by company or by program that can be aggregated at the portfolio level.
Baseline and measurement
Design of the baseline, midline and final measurement.
Gender lens
Gender criteria and indicators in the thesis, selection and monitoring.
Reporting
Impact and ESG reporting format for LPs, funders and committees.
Validation
Review of the framework with partners and sector experts.
Process
How we work.
Diagnosis
We review your thesis, portfolio or program and what you measure today.
Design
We build the strategy, the theory of change and the metrics framework.
Implementation
We define the baseline, data collection tools and who is responsible.
Reporting
We leave the reporting format ready and support the first cycle.
We work with recognized frameworks (IRIS+, TCFD, GHG Protocol, ESG reporting and ESG management) and adapt them to your thesis.
Who it is for
Who it is for and who it is not.
It is for you if…
- Your thesis mentions impact, but you do not have a written theory of change.
- Each portfolio company reports different metrics and you cannot add them up.
- An LP, a funder or a corporate partner is asking you for an impact or ESG report.
- You are about to launch a fund or a program and want impact built into the design.
- You need to bring a gender lens into your thesis or portfolio.
Deliverables
What you get.
How we work together
What we need and how we measure.
What we need from you
- Investment thesis or program design.
- Information on the portfolio or participating companies.
- Reporting requirements from your LPs, funders or partners.
- An internal owner for monitoring.
How we measure progress
- Theory of change and metrics framework approved by your team.
- Baseline collected within the agreed timeframe.
- First impact report delivered to LPs or funders.
What we do not do
- We do not certify impact or issue third-party verifications.
- We do not claim impact that cannot be measured.
Frequently asked questions
What people ask us.
Do you only work with impact funds?
Can you measure the impact of a program that has already ended?
Do you use your own framework?
How is it contracted?
Pairs with
Related services.
Investment Screening & Due Diligence
Assess opportunities through structured commercial, business, impact and investment analysis.
View serviceAccelerator & Venture Programs
Design and deliver venture building, acceleration and investment readiness programs.
View serviceDeal Sourcing & Pipeline Development
Build tailored investment pipelines aligned with your thesis, sector, geography and stage.
View serviceSchedule a conversation
Let’s talk.
In 30 minutes we review your thesis or program and what impact can be measured.



