Law and Society Blog

SoFiMa Investor Roundtable

On the 3rd of February an investor roundtable took place in Tartu as part of the SoFiMa project where Tallinn University is a partner.


On the 3rd of February an investor roundtable took place in Tartu as part of the SoFiMa project where Tallinn University is a partner. 

One of the main aims of the SoFiMa project is to bring together key players in the Estonian social economy ecosystem, including investors and social enterprises and impact organizations. During the session, the project members presented the preliminary results of the analyses conducted within the SoFIMa project; foreign experts gave inspiring speeches and the future of impact investments were discussed. 

EVPA analyst Gianluca Gaggiotti gave an overview of the impact investment trends in Europe. EVPA, European Venture Philanthropy Association, is one of the leading networks that regularly analyses and maps the social impact of investment funds in Europe. Bruno Dunkel, CEO of Inpulse, introduced the logic of the Inpulse investment fund in Belgium and their pan-European Helenos fund. 

During the roundtable discussion, funds operating in Estonia were placed on the spectrum of impact investments. It was found that the Estonian impact investment market is currently underdeveloped, although there is a growing interest from investors. 

Next steps 

The SoFiMa project will continue its activities during the Spring of 2022. Several other important events are ahead with ministerial officials, local policymakers and the banking sector. Research conducted within the framework of the SoFiMa project will also be published in the coming months. 





The main goal of the project "Kick-starting the nascent social finance market in Estonia" (SoFiMa) is to achieve cooperation between various sectors and stakeholders in developing the current situation of social entrepreneurship in Estonia. The project consortium includes: Baltic Innovation Agency, Tallinn University, Development Centre of Võru County, Estonian Social Enterprise Network. The project is also supported by AS SEB Bank and start-up accelerator Buildit. 

The project is co-financed by the European Commission through the Employment and Social Innovation "EaSI" 2014-2020 programme – Actions to boost the development of finance markets for social enterprises. The information contained in this publication does not necessarily reflect the official position of the European Commission.