Telos Stellar Impact

Evergreen Impact Venture Capital from Brussels

Stellar Impact is an evergreen impact fund managed by a dedicated team within Telos Impact, a Brussels- and Paris-based impact investment house. Stellar Impact is a long-term investor in early-stage environmental companies from across Europe within the space of sustainable agriculture, alternative proteins, water and the circular bio-economy. Stellar invests directly in companies — Ecorobotix, Kern Tec, Gaiago and nextProtein among them — and also through specialised funds such as the European Circular Bioeconomy Fund (ECBF) and the circular-economy growth investor Circularity Capital.

Portfolio: Active, Exited and Written Off

Several of the portfolio positions have already reached the exit phase. These include Inopsys, Sencrop, Noray and the position held in the Triodos Food Transition Fund. On the other hand, an early bet on Bio-bean as well as another on Ademeure did not work out in the end. It shows that impact investing at an early stage of a company’s development also has the typical characteristics of venture capital investing – i.e. a high risk of individual failures. Performance figures are not published, and Fundscouter does not estimate them.

Terms and Liquidity

This is a vehicle for patient capital. The evergreen structure implies that this fund has no end date and no fixed redemption dates, so capital should be treated as locked for the long term. The minimum investment is €250,000, which places it in professional and wealthy-private-investor territory rather than mass retail. The fees of Stellar Impact as well as its legal structure remain undisclosed.

1. Evergreen: no scheduled end date and no regular redemption window
2. Minimum ticket €250,000; not a retail product
3. Management fee, carry and legal wrapper are not publicly disclosed — request the documentation from Telos Impact
4. No KID published; no return targets or track-record figures are public