# Opes Impact Fund

> Opes Impact Fund is a VC fund in Milano backing Communities and Agriculture. See 43 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Milano, Italy
- Total investments: 43
- Last investment: Jan 2023
- Lead investor: 28%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/opes-lcef/
- X (Twitter): https://www.twitter.com/opes_impact
- Website: http://www.opesfund.eu

Opes Impact Fund is a VC fund in Milano focused on Communities and Agriculture. Opes-Lcef is an impact investor that provides catalytic capital to early-stage social enterprises in emerging markets.

## Contacts

5 contacts available for Opes Impact Fund. Shizune tracks 6 team members at Opes Impact Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/opes-impact-fund?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $219k–$910k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Communities | 12 | 28% |
| Agriculture | 9 | 21% |
| Energy | 7 | 16% |
| Service Industry | 7 | 16% |
| Renewable Energy | 6 | 14% |

51 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Venture - Series Unknown | 17 | 40% |
| Seed | 16 | 37% |
| Funding Round | 8 | 19% |
| Series A | 1 | 2% |
| Series B | 1 | 2% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Italy | 17 | 40% |
| Kenya | 5 | 12% |
| India | 4 | 9% |
| Uganda | 2 | 5% |
| Guatemala | 2 | 5% |

14 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Elena Casolari | co-founder and President | 4 | https://shizune.co/investors/profile/elena-casolari |
| Emma Caddy | Investment Director | 0 | https://shizune.co/investors/profile/emma-caddy |
| Giovanni Gerola | Managing Director | 0 | https://shizune.co/investors/profile/giovanni-gerola |
| Gitau Shiku | Investment Manager | 0 | https://shizune.co/investors/profile/gitau-shiku |
| Kulsoom Ally | portfolio and knowledge management. | 0 | https://shizune.co/investors/profile/kulsoom-ally |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Refolo | Refolo is a type B social cooperative that sees social agriculture as having a dual impact: social and environmental. Refolo was created with the aim of creating an agro-ecological and social corridor that runs through the province of Brescia from north to south with the hope that administrations and other communities will come together to generatea positive impact on the environment and the community.Refolo operates in an area located between the municipalities of Brescia, Collebeato, Villa Carcina and Montirone, territories that share the presence of agricultural areas that over the years have been abandoned due to their unsuitability for intensive agriculture and lack of interest by new generations and that are now ready to start again. |  | Venture - Series Unknown | Jan 01, 2023 |  |
| Ecodudu | Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation. | $540K | Venture - Series Unknown | Dec 13, 2022 |  |
| Sistema.bio | Sistema.bio is a hybrid reactor biodigester that transforms the manure of animals into biogas and a potent, natural fertilizer. By inputting the manure in the system on a daily basis, you will be able to develop and grow your activities on the farm, improve your energy security, and protect the environment. Transforming your animals’ manure intoresource will provide you with a better quality of life! | $15.6M | Series B | Feb 03, 2022 |  |
| OIKOS | OIKOS is a social cooperative with the aim of cultivating its own vineyard and developing a new agricultural-ecological project. The goal of Oikos is to promote the social and job integration of disadvantaged people through activities that enhance individuals and respect the environment. Oikos operates in two areas: agriculture (design andmaintenance of green areas, vineyard restoration, and wine production) and environment (cleaning and sanitizing environments, offices, schools, and management of ecological pitches). |  | Venture - Series Unknown | Jan 01, 2022 |  |
| ArticoloUno | ArticoloUno promotes the employment of disadvantaged people in restaurant-related fields of work. The scope of the work was increased after the first year to include two more areas: industrial and civil cleaning, as well as municipal hall surveillance. The pandemic led to an increase in demand for cleaning jobs at the cooperative as well. Nearlyhalf of the cooperative's workers are currently employed in the cleaning industry, which has developed into a key area for the employment of elderly people and a significant number of women. |  | Venture - Series Unknown | Jan 01, 2022 |  |
| Albergo Etico | Albergo Etico is a cooperative that deals with the employment of people with disabilities through hotel activities.The goal of the initiatives is to develop an active and dynamic pathway aimed at the full exploitation of the potential of people with disabilities, providing them with support and accompaniment to work, and helping them find themotivation they need to embark on a path of personal growth.Currently, Albergo Etico has locations in Italy, Argentina, Australia, and Albania, with further openings planned in the United States and Norway. |  | Venture - Series Unknown | Jan 01, 2022 |  |
| Kilimo Fresh Foods Africa Ltd | Kilimo Fresh Foods operates as a B2B marketplace platform that sources fresh produce from smallholder farmers in rural Tanzania and delivers it to B2B clients such as hotels, restaurants, and caterers, as well as informal/roadside retailers in Dar es Salaam. By utilizing mobile technology, the company provides farmers with access to marketsand stable prices for their crops, which helps to reduce post-harvest losses and food waste. In turn, Kilimo Fresh Foods' retailers benefit from a reliable supply chain, while customers enjoy fresher products at lower prices due to the platform's efficiency. The company leverages on usage of data to build and improve its technology innovation in the Agri value chain |  | Venture - Series Unknown | Jan 01, 2022 |  |
| Equa | Equa is a social cooperative that offers a wide range of services for individuals, families, and communities. Equa is thus the result of Genera and Tuttinsieme joining forces to offer even more comprehensive and quality services to the community.The cooperative is active in the Milan metropolitan area, with a particular historical presence inmunicipalities 7, 8, and 9, as well as in the municipalities of Assago, Buccinasco, Cesano Boscone, Cormano, Paderno Dugnano, Tradate, Bareggio, Muggiano, and Vigano. |  | Venture - Series Unknown | Jan 01, 2022 |  |
| Il Calabrone | Il Calabrone is a type A social cooperative that provides assistance to young people who are struggling so they may make autonomous and conscientious decisions. The cooperative wants to assist those who are struggling to rediscover the worth and meaning of life and to regain their independence.Il Calabrone offers various services that can begrouped into three areas: Community, Projects and Services, and Youth Policy. Regarding the Community area, the cooperative manages two residential communities in Brescia and Collebeato for the reintegration and therapy of people with addiction problems. |  | Venture - Series Unknown | Jan 01, 2022 |  |
| Area Società Cooperativa | Area Società Cooperativa is a social enterprise specializing in the design and management of services aimed at people. The cooperative was established relatively recently, in December 2001, but its history is much more rooted in time. Already in the 1990s, the nearby Co. Ge. SS Cooperative, which has always managed services for disabled people,began to create services for minors, making use of new and specialized educators. |  | Venture - Series Unknown | Jan 01, 2022 |  |

10 of 43 investments shown.

## Co-investors
- [Acumen](https://shizune.co/investors/profile/acumen-fund) — VC Fund, 1 deal together
- [Alphamundi](https://shizune.co/investors/profile/alphamundi) — VC Fund, 1 deal together
- [AXA Investment Managers](https://shizune.co/investors/profile/axa-investment-managers) — VC Fund, 1 deal together
- [Blink](https://shizune.co/investors/profile/blink-398a) — VC Fund, 1 deal together
- [Blue Haven Initiative](https://shizune.co/investors/profile/blue-haven-initiative) — VC Fund, 1 deal together
- [DCVC](https://shizune.co/investors/profile/data-collective) — VC Fund, 1 deal together

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## FAQ

### What does Opes Impact Fund invest in?

Opes Impact Fund invests primarily in Communities, Agriculture and Energy startups, most often at Venture - Series Unknown and Seed stage. Most of the 43 investments tracked by Shizune back companies in Italy. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Opes Impact Fund's check size?

Opes Impact Fund typically joins rounds of $219k–$910k at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Opes Impact Fund participates in.

### How do I contact Opes Impact Fund?

Public channels for Opes Impact Fund include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Opes Impact Fund?

The team at Opes Impact Fund includes Elena Casolari (co-founder and President), Emma Caddy (Investment Director) and Giovanni Gerola (Managing Director), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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