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Join the next social business financing cohort to learn how to structure impact investments

Valuation of Social Businesses

Learn how to assess enterprise value with consideration for how impact risks and returns of a business model interact with financial performance.

4 hours of e-learning

Beginner to intermediate level

Downloadable Valuation templates

Impact Venture valuation course target audience
Social businesses aim to contribute to solving sustainability challenges whilst achieving positive financial results. This reality calls for investors and entrepreneurs capable of calculating a fair valuation, taking both financial cash flows and impact value creation into account. In this practical course, you will discover the key valuation methods and approaches, identify the role of investors’ cost of capital, their investment horizon and position on the impact finance spectrum as well as the implications of different impact business models. The course provides a step-by-step, easy-to-follow and fun approach to learning an essential investment skill.

Who’s this course for?

This course is designed for entrepreneurs, finance professionals and advisors eager to explore the relationship between financial and impact value creation. You will particularly enjoy this course if you are working within a business, an investment fund, a foundation, or advisory firm. Basic financial and accounting knowledge is sufficient to take the course.
Learning goals

What you will learn

Valuation of Social Businesses

Course modules

Dr. Wolfgang Spiess-Knafl (course trainer)

Together with leading experts

The European Center for Social Finance was established to provide best practices and knowledge sharing regarding the financing of social services and social innovation.

Dr. Wolfgang Spiess-Knafl works on the development of the social finance market in Europe since 2016. He has advised and trained dozens of investors and entrepreneurs on deal making and valuation. He previously worked at Morgan Stanley and completed his doctoral studies with a focus on social finance.

Secure your early-bird seat for a symbolic €

Target release date:
15 August, 2023
What's the early bird benefit?
Delivery mode | Valuation of Social Businesses

Choose the delivery that works best for you

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Autonomous package

This learning experience fits your busy working schedule and allows you to learn at your own pace from wherever you are. Access a neat online course structured around bite-sized videos and a wealth of resources that guide you in the valuation of social businesses.

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Social package

Spice up your learning journey by blending the online course with a set of two interactive sessions with the trainer and a group of peers. The sessions offer you an opportunity to meet and share experiences with like-minded peers, ask burning questions to the trainer and dive deeper into specific valuation issues.

Any questions?

Contact Timothy

Did you know that 92% of our course takers are satisfied? That’s why we boldly guarantee that our courses will not let you down. Contact me in case you have any questions about our courses.
Co-founder of Efiko Academy, Timothy
Any questions?

Contact Timothy

Did you know that 92% of our course takers are satisfied? That’s why we boldly guarantee that our courses will not let you down. Didn’t get what you expected from the course? Let us know and get a full reimbursement up to 15 days as an Autonomous Learner, or up to 5 days as a Social Learner.

Frequently Asked Questions

Can't find the answer to your question? Contact us on

We offer different secure payment options: from Credit card payment to PayPal or Bank transfer. Upon registering for the course you will be guided to a secured checkout page where you will be able to indicate your preferred payment method.
Yes, you can request an invoice at before or after your purchase of the course. Please make sure to provide us with your company name, tax number and headquarter address.
The e-learning is delivered in English. The e-learning course includes English subtitles.
Sure, reach out to if you wish to take the course with several colleagues, partners or other constituencies.
Every transaction on Efiko is performed and secured using Stripe, an international reliable payment processor.
Efiko Academy is located in Europe and its official currency is therefore the Euro (€). This does not mean that you cannot pay with another currency. Stripe, our payment processor, offers payments in 130+ different currencies. PayPal also allows you to make a transfer using a vast array of currencies. In case you encounter any issues or have any questions about this topic, please contact us at

Yes, we do offer reimbursement on the course in case you’re not satisfied with it. The reimbursement applies following these conditions:

a) Up to 15 calendar days after you enrolled on the course;
b) The guarantee applies up until you consume 20% of the course content.

This course is mainly designed to train beginners to intermediate-level impact finance practitioners. The complexity of the content increases with every chapter, but many examples, exercises and case studies will help you build self-confidence and a deep understanding of each dimension of the curriculum.
The e-learning is accessible 24/7, which means that you can start right now and complete the course at your own pace over a period of 365 days.

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Complete the form and get access to the Competence Framework

Thank you for your interest!

You can access the course brochure by clicking here.

If you have any questions about the course, don’t hesitate to reach out to me!

Best wishes,
Timothy Lambert
+32 475 37 30 29

Thank you for downloading

Click here to access the Competence Framework.

Do you have questions about this Competence Framework or Efiko's training opportunities? Reach out to us via email at!

Best wishes,
The Efiko Academy team