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Opes Impact Fund

Impact investor

Milan · Pre-Seed–Seed · 8 people tracked

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Investment thesis

Opes invests in enterprises to cultivate systemic change, concentrating on East Africa. The firm pursues impact investing with a strong emphasis on gender lens strategies, integrating gender considerations across its investment processes and providing pre- and post-investment support designed to foster fair gender representation across value chains.

Invests inImpact & Social GoodAfricaItalyKenyaMilanUnited Kingdom

Source: firm website, verified Aug 2, 2026.

Stage
Pre-Seed–Seed
Check
$50K – $400K
HQ
Milan, IT
Instruments
Equity

Team · 8 people

from the firm's website
Elena Casolari· Managing Partner, OPES Italia Sicaf EuVECA; Executive President & Co-founder, Opes-Lcef Foundation; Trustee, Opes-Lcef Trust

Co-founder and executive president of the Opes-Lcef Foundation and managing partner of OPES Italia Sicaf EuVECA. Former CEO of Italian NGO Acra and previously worked over a decade in emerging-markets investment banking (HSBC, Dresdner, Nikko).

Stefano Magnoni· Co-founder, former Opes Fund (now OPES-LCEF Fund)

Co-founder of the former Opes Fund and a social entrepreneur active across Italian social enterprises and cooperatives including social housing and fair trade. Vice President of CGM Finance with experience in social ventures in India, Argentina and Burkina Faso.

Carolyne Kirabo· Board Member

Investment finance and management consulting professional with over 15 years of experience, recognized as an impact and gender lens investing pioneer in East Africa having led funds such as Mango Fund, Yunus Social Business and Mercy Corps Ventures. Holds an MBA from Edinburgh Business School and is an ACCA alumna.

Birgit Wenz· Board Member (Opes-Lcef Trust)

Strategy and business development leader at Lufthansa Cargo with prior roles at Lufthansa Group and Bosch, experienced in project management, process design and change management. Holds an MBA from the University of Cologne and Hitotsubashi University.

Giovanni Freato· Board Member

Independent financial advisor with over 25 years in Italian asset management at institutions such as Unicredit, BNP Paribas and Generali Asset Management, with a focus on Asian and emerging markets.

Nicola Drago· Board Member

CEO of De Agostini Publishing and former CEO of Zodiak Active. Holds a BA from Bocconi and an MBA from Columbia, co-founded early-stage VC firm Connect Ventures, and sits on the boards of Banijay Group, Opes Impact Fund and Fondazione De Agostini.

Paolo Grigolli· Board Member, Fondazione Opes-Lcef

Economist and tourism/management expert who directs the School of Tourism and Cultural Management at TSM (Trentino School of Management). Co-founded microfinance fund Microventures (now Credit Access) and Wonderful Italy, and has served on the Opes board since 2012.

Rodolfo Fracassi· Board Member (Opes-Lcef Trust)

Director and co-founder of MainStreet Partners, previously executive director at Goldman Sachs and having held roles at Franklin Templeton, Salomon Smith Barney and the Italian Trade Commission. Economics graduate of Bocconi University and a UK CFA Society member.

Frequently asked questions

What stage does Opes Impact Fund invest at?
Opes Impact Fund invests at the Pre-Seed, Seed stages.
What is Opes Impact Fund's typical check size?
Opes Impact Fund typically writes checks of $50K – $400K.
What sectors does Opes Impact Fund focus on?
Opes Impact Fund focuses on Impact & Social Good.
Where is Opes Impact Fund located?
Opes Impact Fund is headquartered in Milan, IT.

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