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We build companies with a positive
impact on society...
... and the environment.
Mission
We scale our profitable businesses and create sustainable change.
We build impactful and profitable companies, different in their business models but all similar in their inherent potential to tackle significant social or environmental challenges. We start, incubate, advise and scale these companies or acquire significant stakes in young enterprises, steering and supporting them in accordance with our vision.
People
We are passionate and multilingual. We speak social, environmental and business English.
We are a company builder, a green business catalyst and social innovator with decades of financial sector experience. The fluency of our people across sectors is the basis of our successful intermediation between the social, green and finance worlds and allows us to scale and mainstream impact investments. We have worked across Europe, the Americas, Africa and Asia. Our passion to create positive impact for societies around the globe unites us.
Team
Michael Schneider
Co-CEO and Co-Founder
»New business models, unlikely partners and systemic change needs to be organized to fight climate change, ensure food security or to provide basic infrastructure, health care and education for all. econnext aspires to be that organizer. «
team
Michael Schneider
Co-CEO and Co-Founder
»New business models, unlikely partners and systemic change needs to be organized to fight climate change, ensure food security or to provide basic infrastructure, health care and education for all. econnext aspires to be that organizer. «
Before co-founding econnext, Michael was a banker at Deutsche Bank, starting in 1994 as an apprentice. From 1996-2000, he completed an additional four-year executive training program, taking on responsibilities in a variety of departments, including Public Sector and Corporate Clients, Credit Risk Management, Retail and Business Banking and Private Wealth Management. Between 2000 and 2005 he served as Associate and later Vice President of Deutsche Bank in New York working on asset financing solutions for Deutsche Bank’s largest corporate clients.
In 2007, Michael structured the world’s first rated issuance of subordinated loans to microfinance institutions. In 2009, he established a team solely dedicated to structuring and managing innovative and transparent impact investment products. This Environmental & Social Capital group subsequently raised and managed more than $800m committed by the Governments of Germany, the UK and Denmark, by Development Finance Institutions such as KfW, IFC and the European Investment Bank as well as Pension Funds, High Networth Individuals and Churches. The investment activities focused on sustainable energy in emerging economies, energy efficiency in the EU and food security in Africa.
In the summer of 2013, Michael was named Head of Environmental, Social & Governance (ESG) for the Asset & Wealth Management Division of Deutsche Bank AG. In this role he oversaw the strategy for all ESG activities of Deutsche Asset & Wealth Management, including ESG research, proxy voting and shareholder engagement as well as product development.
Michael holds a degree in banking from Frankfurt School of Finance and Management (Bankakademie Leipzig). He is married and has two daughters.
Dr. Jobst von Hoyningen-Huene
Co-CEO and Co-Founder
»Making profitable, scalable, social and green businesses investable for traditional capital markets players is key to tackle the enormous global challenges we face. econnext is company builder, intermediary and investor. «
team
Dr. Jobst von Hoyningen-Huene
Co-CEO and Co-Founder
»Making profitable, scalable, social and green businesses investable for traditional capital markets players is key to tackle the enormous global challenges we face. econnext is company builder, intermediary and investor. «
Prior to founding econnext, Jobst worked for Deutsche Bank, starting his professional career in 2000. As Managing Director and Head of the Financial Institutions Group Germany he headed a team of ten people. Focus of his team: corporate finance and advisory work for clients in the German home market and Switzerland.
Jobst has executed M&A, Equity Capital Markets (IPOs and follow-ons) as well as debt transactions for clients such as Aareal Bank, ABB, ACP, AEGON, Allianz, AWD, AXA, Bundesanstalt für Finanzmarktstabilisierung (Soffin), Commerzbank, Danske Bank, Deutsche Bank, Deutsche Pfandbriefbank, Deutsche Postbank, easycash, ERGO, EURO Kartensysteme, First Data, Frankfurter Sparkasse, General Electric, Hannover Re, Heidelberger Leben, Helvetia, HRE, Infrassure, Interhyp, Landesbank Berlin, Lloyds Banking Group, MasterCard, MEAG, Munich Re, Old Mutual, ProCredit Holding, Stadt Frankfurt , Swiss Life, Swiss Re, Talanx and W&W.
Further, Jobst during his time at Deutsche Bank served as coordinator of the “German Energiewende” task force. This Corporate Banking & Securities‘ task force prioritized and bundled various business initiatives addressing the challenges related to the focus on renewable energy production and transmission in Germany. Also, he facilitated the Eye Fund I (closing 2010) sponsored by IAPB and Ashoka.
Jobst holds postgraduate degrees from the Universities of Hamburg (doctoral dissertation), Stellenbosch/South Africa (LL.M), London School of Economics (MSc) as well as Dresden (first qualifying law exam). Jobst is married with one child.
Angels
Dr. Brigitte Mohn
Investor
»Impact Investing is the most promising way for investors of all backgrounds to get involved. It allows channeling much needed capital to the social sector that remains underfunded in most regions of the world. econnext builds companies eligible for impact investment. «
angels
Dr. Brigitte Mohn
Investor
»Impact Investing is the most promising way for investors of all backgrounds to get involved. It allows channeling much needed capital to the social sector that remains underfunded in most regions of the world. econnext builds companies eligible for impact investment. «
Born in 1964, Dr. Brigitte Mohn is the daughter of Bertelsmann Stiftung founders Liz Mohn and the late Reinhard Mohn (1921–2009). She studied political science, art history and German philology at the universities of Bamberg, Munster and Augsburg, earning a Master of Arts in 1991 and subsequently a doctorate. In 2001 she received an MBA from the Otto Beisheim School of Management in Koblenz and the Kellogg Institute in the United States.
Her career has included positions with the Kiel Institute for the World Economy; Bantam, Doubleday and Dell Publishing in New York; McKinsey in Hamburg and Pixelpark in Switzerland.
Since 2001, she has served as chair of the German Stroke Foundation’s Executive Board. In 2002, she also became director of the Health program at the Bertelsmann Stiftung. She has been a member of the Bertelsmann Stiftung Executive Board since January 1, 2005.
CATALPA - Martijn Bödeker
Investor
»CATALPA invests in and with young and aspiring entrepreneurs. econnext has a vision we fully share and an ambition to build successful while impactful enterprises around the globe. We look forward to supporting econnext in reaching its goals. «
angels
CATALPA - Martijn Bödeker
Investor
»CATALPA invests in and with young and aspiring entrepreneurs. econnext has a vision we fully share and an ambition to build successful while impactful enterprises around the globe. We look forward to supporting econnext in reaching its goals. «
Martijn is a co-founder and Managing Partner at CATALPA GmbH & Co. KG, a single-family office focused on investments in private equity, venture capital and real estate.
Prior to setting up the CATALPA Family office, Martijn was an Executive Director and General Manager at E. Breuninger GmbH. & Co., Germany’s leading chain of fashion and lifestyle department stores, where he worked for over ten years in various management positions, being an integral part of the successful trading-up strategy executed over the past years.
Before coming to Germany, Martijn held various management positions in the hotel industry in Hong Kong and the USA. Martijn holds a degree in International Hospitality Management from the Hotelschool The Hague.
Stephen Brenninkmeijer
Investor
»Impact Investing will become powerful and mainstream. A company builder with focus on impact as well as profitability is the right concept at the right time. «
angels
Stephen Brenninkmeijer
Investor
»Impact Investing will become powerful and mainstream. A company builder with focus on impact as well as profitability is the right concept at the right time. «
Stephen is a private investor with interests in impact investing and education.
For 30 years he was involved in the family retail business and now holds governance positions within the organisation. He has been involved in impact investing since 2002 and founded Willows Investments in 2008 with the aim of supporting promising ventures with a social mission.
Stephen serves as Chair of the European Climate Foundation’s Supervisory Board. In addition, Stephen holds the following functions: Member of the Board of Directors World Resources Institute (USA), Board Member responsAbility Participations AG (Switzerland), Supervisory Board member Pymwymic Group BV (Netherlands), Advisory Board member Auticon (UK), Advisory Board member Sutton Trust (UK), Advisory Board European Business School (Germany), Chair, Business & Law School Advisory Board of St Mary’s University Twickenham (UK).
Dr. Nathalie von Siemens
Investor
»Many societal challenges of our time can be addressed with responsible business models that create economic opportunities for all parties involved. It is important that econnext grows these business models and helps build the market to maximize positive impact at scale. «
angels
Dr. Nathalie von Siemens
Investor
»Many societal challenges of our time can be addressed with responsible business models that create economic opportunities for all parties involved. It is important that econnext grows these business models and helps build the market to maximize positive impact at scale. «
Dr. Nathalie von Siemens has been Managing Director and spokesperson of the Board of Siemens Stiftung since January 2013.
Before joining the Siemens Stiftung Board of Directors, Nathalie von Siemens worked at Siemens AG in the areas of leadership development, corporate strategy, investor relations and corporate communications. In these positions, she focused on the issue of value-based sustainable corporate development.
Earlier, Nathalie von Siemens worked in the academic sector. Her research covered, among other things, moral philosophy and business ethics. She earned her doctorate in 2004 with a dissertation about the meaning of friendship in the Nicomachean Ethics of Aristotle.
Dr. Nathalie von Siemens is a member of the supervisory boards of Siemens AG, Siemens Healthcare GmbH and Messer Group GmbH.
Florian Seubert
Investor
»Professionalism, dedicated entrepreneurial teams, relevant expertise plus convincing business models are key to attract traditional institutional capital. Combining these elements will create solutions. «
angels
Florian Seubert
Investor
»Professionalism, dedicated entrepreneurial teams, relevant expertise plus convincing business models are key to attract traditional institutional capital. Combining these elements will create solutions. «
Florian Seubert is a partner and co-founder of Maxburg Capital Partners an investment management company focusing on the German-speaking markets.
Before setting up Maxburg Florian Seubert co-founded zooplus AG, an S-DAX publicly listed online retailer. Between 1999 and 2013 and whilst serving as CFO, zooplus developed from a 4-person start-up to European market leader with a presence in more than 20 countries. Prior to that, Florian worked for JPMorgan Securities in London and New York.
He holds a degree in Philosophy, Politics and Economics from Oxford University and has been an active investor in the German small cap scene since the late 1990s.
CATALPA - Jeroen M. van Agtmael
Investor
»CATALPA invests in and with young and aspiring entrepreneurs. econnext has a vision we fully share and an ambition to build successful while impactful enterprises around the globe. We look forward to supporting econnext in reaching its goals. «
angels
CATALPA - Jeroen M. van Agtmael
Investor
»CATALPA invests in and with young and aspiring entrepreneurs. econnext has a vision we fully share and an ambition to build successful while impactful enterprises around the globe. We look forward to supporting econnext in reaching its goals. «
Jeroen is a co-founder and Managing Partner at CATALPA GmbH & Co. KG, a single-family office focused on investments in private equity, venture capital and real estate since 2012.
Prior to setting up the CATALPA Family office, Jeroen was an Executive Director at E. Breuninger GmbH. & Co., where he developed and successfully launched the company’s e-commerce business.
Before his return back to Germany in 2007, Jeroen co-founded LLM, Inc. in 2002 in San Antonio, TX, a leading legal technology solutions provider for large corporate litigation. He was acting COO & CFO from 2002 – 2007.
Jeroen is Chairman of the Board at E. Breuninger GmbH & Co. and Member of the Board at LLM, Inc.
What
We build profitable businesses that benefit climate and society at large.
Current areas of activity include cleantech and circular economy businesses (e.g. renewable storage, building integrated photovoltaics), project development and contracting services for green power, heat and cooling and financial technology with a focus on the UN Sustainable Development Goals in the liquid capital markets. Once a business is successful, we seek to integrate our learnings into existing systems and public policy to enable sustainable change.
How
We responsibly pursue our mission with perseverance. We work in diverse teams and partnerships.
Our social and environmental mission is locked into our articles of association. We strive to create well diversified, largely uncorrelated sources of income. This is necessary to attract the more than 5,000 Billion USD per year estimated to be necessary to reach the UN Sustainable Development Goals. We focus on long term value creation, typically picking dividends over exits. We finance our activities conservatively, generally preferring equity over debt financing. Our teams and partners are diverse, well incentivized and treated fairly wherever we work.
Portfolio
We work across sectors and geographies. Because social and environmental innovation does not happen in isolation.
Having established econnext in the summer of 2016, we hold a portfolio of promising young companies currently active from Europe to Africa and Asia. We take ownership seriously and typically build our own startups or acquire majority stakes in young ventures we believe in.
Shareholding in autarq
Solar power and other renewable energies are clearly the energy sources of the future.
autarq delivers a significant contribution to the energy transition by offering a visually pleasing roof-integrated photovoltaic system, carefully optimised to suit the requirements of residential houses.Instead of bulky solar panels mounted on a roof, each autarq solar tile generates its own power.
Owning ESG Screen 17
Tailormade SDG investing
ESG Screen 17 provides fully objective, highly granular, multi big data source driven ESG analysis, enabling clients worldwide to invest by their individual ethical and moral compass.
The company offers customers the opportunity of screening their investment portfolios in accordance with an internationally valid standard by adhering their methodology to the 17 United Nation´s Sustainable Development Goals (SDGs).
Shareholding in FLAXTEC
Cost efficient recycling technology for photovoltaic, industrial glass and displays
reduce – reuse – recycle
The dramatically increasing number of end-of-life products pose people and the environment with unprecedented challenges. Every year, up to 50 million tons of electronic waste are produced in industrialized countries. FLAXRES’s technology is a forward-looking and environmentally responsible answer to scarcer resources, the global increase in electronic waste and its toxic content.
Shareholding in GRIPS Energy
GRIPS Energy – Winner of the Bloomberg Finance for Resilience (FiRe) Competition 2016
Turn off that Diesel Generator!
Today, large energy consumers seeking affordable and stable power supply in remote regions oftentimes have no option but to rely on carbon-intense diesel generators. Grips combines clean power supply with portfolio management to substitute diesel-generated energy. Grips is building a diversified and storage supported renewable energy project portfolio – with no need for long-term public subsidies and the potential to supply entire regions and their populations with reliable and renewable power.
Shareholding in GoStudent
Exit in May 2020
GoStudent – Learning assistance affordable for all!
Parents of about 900,000 German children pay an average of EUR90 per month for tutoring. These relatively high costs are exacerbating the existing and well known disadvantage of pupils from less affluent households. In addition, many teenagers would prefer anonymous, fast and direct help from a variety of high quality tutors. GoStudent is available on iOS, android and as web application. It offers 24/7 learning assistance by hundreds of registered tutors providing answers that are double-checked at prices that all parents can afford.
Shareholding in Lumenion
Renewable heat – Reducing carbon dioxide and nitrogen monoxide in our atmosphere by turning renewable electricity into storable heat.
Lumenion offers a thermal storage solution with their high-temperature thermal battery units – and optional steam turbine – Luminion optimises the energy system for producers and consumers alike. Power plants, for example, can store their overcapacity at peak times and supply it to the grid later, when it’s more profitable to them. The great advantage of their thermal storage solution is to make excess electricity available to the heating market, and to reduce the consumption of fossil fuels in this sector.
Circular Carbon
The Future of Soil Management
Biochar serves as a carrier for Microorganisms and Organic Fertilizer and improves Cation Exchange Capacity.
Circular Carbon is at the forefront of becoming a leading specialist in decarbonizing biochar production.
Activities
We have successfully contributed our expertise as advisors in selected situations
Econnext as Capital Markets and Impact Advisor
Advisor to ProCredit Holding in the context of its listing at the Frankfurt Stock Exchange
Impact Investing goes public!
Econnext acted as listing advisor for the top management of ProCredit Holding, a profitable, development-oriented commercial banking group for SMEs with focus on Eastern Europe. ProCredit is an impact investing show case and success story: professional local banks in less developed markets were historically built by enthusiastic founders (Zeitinger family and IPC) with the support of catalytic capital by development banks (KfW, IFC, FMO, BIO etc.) and early impact investors (DOEN Foundation, responsAbility, TIAA , Omydiar Tufts etc). By applying state of the art banking know-how to SMEs in countries in transition the local ProCredit banks contribute to the stabilization of the financial systems and economies. The successful listing in the Prime Standard segment at the Frankfurt Stock Exchange will facilitate the broadening of ProCredit’s private shareholder base and the realization of the attractive growth potential. Econnext was delighted to support this landmark transaction as listing advisor in order to contribute to the mainstreaming of the impact investment market.
Econnext for GIZ
Advisory Mandate for the German Government on climate change, supporting its upcoming G20 presidency.
Private Sector to combat Climate Change!
Mobilizing private sector flows of capital to tackle climate change in developing countries is one of the key subjects of international climate policy. Under the Mexican G20 presidency, a green investment dialogue was formed in the Development Working Group back in 2012. Econnext was asked by GIZ, the German governments’ development agency, to consult on how to best leverage existing workstreams with respect to the upcoming German G20 presidency. The report was successfully delivered in September 2016.
Econnext for EU Commission - DG Education and Culture
Improve education infrastructure and establish pay-for-success models.
Invest in Education across Europe!
We are part of a consortium of experts led by ICF Consulting Services that won the European Commissions’ tender for a study on the feasibility of an education and training investment platform in the context of EAC-472014 (European Commission, DG Education and Culture). While the study will not be published until early 2017, econnext has already submitted 3 concrete proposals establishing innovative investment cases in school and childcare facilities and pay-for-success models benefiting the long term unemployed and school dropouts.
