Put Your Money Where Your Meaning is Community
Pymwymic helps to create a new economy that is regenerative, inclusive, and healthy for the generations ahead of us. Their roots in European family business have taught them that a company is passed on from generation to generation. It is built into their DNA to help grow a company through different phases. The decisions are made by taking a multigenerational perspective: which path gives the best outcome for the generations ahead of us? The answer to that question leads us to the path that they intend to follow.
In the view of Pymwymic, a new economy is based on joint responsibility, cooperation and interconnectedness. Pymwymic shares experiences, learns from each other and invest through a professional fund to grow this movement. They have chosen to be a Cooperative, the members co-own the organisation and co-steer the movement. This best reflects who Pymwymic is and the change they wish to realise. In joining Pymwymic, you become responsible to build the movement. Coming together and getting things done.
Pymwymic a community of 100 values-aligned investors who co-own an impact investing cooperative. They learn, share and invest together. Pymwymic began in 1994 when Frank van Beuningen convinced 30 friends to start investing in companies paying attention to the 3Ps: People, Planet, and Profit. Then, this type of thinking was completely new and untried. The 30 Pymwymic pioneers include Eckart Wintzen (Origin) and Jan Oosterwijk (The Body Shop). These young members of European business families pooled money into a small fund. And so began Europe’s first ever social venture capital fund. The Pioneers invested in what was then unknown but visionary technology: solar, wind, lithium batteries, biotechnology, ethical waste management and biodegradable plastic. In total, 18 investments were made, the most noticeable: bringing Ben & Jerry’s Ice Cream to the Benelux.
In 2016, the Pymwymic Impact Cooperative was launched. This peer-to-peer impact holding company welcomes mission-aligned families and individual investors as shareholders. This new entity is now co-owned by over 50 investor members, and has another 60 community members. It also allows institutional investors to co-invest in its sub-funds. Approaching her 25th anniversary, Pymwymic investors continue to “Put Their Money Where Their Meaning Is”. Pymwymic is a community of quiet and committed action with a European soul. We now have members in The Netherlands, Belgium, Denmark, Germany, Norway, Switzerland, United Kingdom – and one member in South Africa.