€85 million to take care of the world
MGEN’s new investment fund operated by makesense and Serena
We back high impact and high potential players
Serial entrepreneurs who are commited, experienced and caring and who support companies on a daily basis in meeting all of their top priorities (operating team)
An access to the network of entrepreneurs and skills from Serena (the largest and most active peer-to-peer community in Europe) and makesense (+200 impact entrepreneurs) to benefit from their pioneer experience
Impact measurement experts to make it more than just a word and build sustainable companies and leadership
Know-how in building category leaders (we carried out several exits valued at over €100 million and witnessed many success stories out of Europe).
We back the new gen of founders having a positive impact on society and its environment, with tickets from 500k up to 3M€
Develop physical activity and sports
Sports and outdoor activities are at the heart of preventive healthcare. We want to make it more attractive and accessible to all.
Improve daily lifestyles
We want to promote well-being and togetherness through the new gen of innovation in diet, social ties and solidarity, etc.
Protect the environment and its links with health
We believe that the environment and health are intimately linked. We want to optimise the consumption of natural resources, develop virtuous practices and act on the living environment that determines good health.
Make education accessible to all
Education is the starting point for many inequalities, and we will make it accessible to all while strengthening their inclusive role through new technologies or collaborative approaches.
The founding partners
The MGEN group, major player in social protection and leading mutual insurance company in the french public sector, is the driving force behind this project and brings a credible, grounded vision that takes care of individuals.
makesense supports social entrepreneurs in making the ecological and solidarity-based transition a reality through an investment fund, an incubator and innovative mobilisation programmes. makesense offers its 10 years of experience in supporting impact projects to Racine².
Serena, VC firm founded in 2008 by entrepreneurs for entrepreneurs, invests in bold companies and provides them with expertise and on-demand operational support, in France and the United States. It is using its network of serial tech entrepreneurs and its expertise in high-growth models to back Racine²’s entrepreneurs.
Aligned interests for a secured mission
Aligning our model from the inside
- Our carried interest is tied to the achievement of specific impact criteria and goals
- We are members of Impact France, France Invest (impact), and Impact for the Future
- We are signatories of PRI & Sista
- We are in the process of obtaining B-Corp certification
Supporting entrepreneurs on
- Your social impact mission, written into your articles of association
- Extra-financial impact indicators and contractualized objectives
- An alignment roadmap to put in place the necessary safeguards to protect your mission
“We are very excited that MGEN, a player in the Social and Solidarity Economy, is creating a large impact fund in areas related to our values. The Racine² fund is an ambitious project and we are convinced that we have found the right partners to see this deployment through. This fund will enable projects to be funded across the whole country. We believe that impact generation and economic performance are not incompatible: supported businesses will help shape a better world.”
Managing Director of MGEN
“As social and environmental divisions continue to widen a little more each day, makesense is proud to co-manage a fund whose primary mission is to finance companies that truly care for people, our connections, and our world. Changing the paradigm starts with changing our financing methods. Racine² is a first step and the beginning of a financial and cultural revolution. The projects supported will help to think up and develop the contented, sustainable society that makesense wants to see.”
Co-founder of makesense
“Building impactful leaders is a unique inflection point, similar to those of digital transformation and artificial intelligence. Positive impact native companies are creating a significant competitive advantage over those that have not made social, economic, and environmental progress a central piece in their model. With Racine², we are committed to building this paradigm shift and a new definition of leadership. Serena is delighted, at a time when the urgency to act is pressing, to partner with makesense alongside MGEN.”
Partner at Serena
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The sustainable neobank committed to limiting global warming
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