BNVT evaluates potential investments based on whether a company addresses large societal problems, focusing on startups that improve access to knowledge and resource efficiency, rather than relying solely on predefined impact metrics.

Unlike traditional impact funds, BNVT highlights successful companies like Zoom and eBay that have achieved strong financial returns while contributing to environmental and social goals.

Founded in 2022 by Rory Mounsey-Heysham and Chris Corbishley, BNVT Capital launched with a $150 million fund aimed at tackling systemic societal issues through strategic investments.

Since its inception, BNVT has invested in 11 companies across Europe and the US, with investments ranging from $3 million to $7 million, backed by LPs including founders and executives from Shopify, Google, TPG, and Investcorp.

An example of BNVT’s investment is Swap Commerce, a UK startup that helps retailers reduce waste and environmental impact by streamlining return processes, exemplifying their focus on resource efficiency.

BNVT was motivated by frustration with the 2020-2021 funding trends, criticizing investments in crypto scams and speculative startups, and instead aims to support companies solving meaningful societal problems.

Their investment thesis is supported by data analysis showing companies addressing systemic societal issues tend to generate 51% higher returns, based on a review of 14,000 companies and aligned with the UN’s Sustainable Development Goals.

BNVT avoids sectors like AI for customer service, marketing, or sales due to high saturation and competition, instead focusing on impactful areas such as healthcare access and supply chain efficiencies.