Structuring hybrid
impact investments
Learn how to finance ventures with tailored instruments and catalytic capital. Level up your investment structuring skills with case studies and insights from leading entrepreneurs and investors.
- Online
- Cohort: starts 17 October
Fast-track your impact investment structuring skills to support and scale innovative ventures. This course provides you with practical guidance, insightful examples and case studies to confidently structure equity, mezzanine and grant-based investments. Developed together with the FASE (Financing Agency for Social Entrepreneurship), we distil over 10 years of experience at the forefront of impact investing to help you be creative and move beyond mainstream investing and philanthropy to achieve your impact and financial return objectives.
Who is this course for
This course is for finance practitioners across the spectrum of impact capital, as well as social entrepreneurs eager to delve into investor’s minds and toolkits. Basic financial knowledge is sufficient to take the course.
Learning goals
- Explain the missing middle challenge and the need for diverse sources of impact capital
- Tailor financial instruments to the characteristics and maturity of a venture
- Discover the applications and power of Social Impact Incentives and Revenue-based loans
- Discover how to establish catalytic investor partnerships to scale ventures
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c. 10 hours of learning over 1 month
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Exam & certificate of completion
-
Beginner to intermediate level learners
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40+ videos and 20+ exercises
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10+ practitioner insights and case studies
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Exclusively for social learners: Role-playing exercise during the live interactive session
Structuring impact investments
The course is structured around four modules that will introduce the purpose of tailored financing and creative approaches to fund impact ventures
Tailoring equity and convertibles for impact ventures
Completion time: 2h15
Delve into the characteristics of investing in or raising equity or quasi-equity like convertible notes. Discover when and how to tailor equity instruments to best support venture goals. Cherry on the cake: you get insights into the equity journey experiences of social entrepreneurs and experienced impact investors!
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Using mezzanine instruments to overcome the limits of debt
Completion time: 2h00
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Learn how to use the power of mezzanine instruments to overcome the limits of debt & equity without sacrificing their respective benefits. Discover how to structure revenue-based loans & integrate impact links in investment terms. Learn from case studies & insights from impact investors and entrepreneurs.
Structuring hybrid investments with multiple investors
Completion time: 2h30
Discover how different types of investors and instruments can merge to optimally support impact ventures. See how smart grants can enhance the investment profile of ventures. Learn from inspiring case studies of how hybrid financing structures can be designed.
Interactive
sessions
3 x 2-hour sessions (social package)
Spice up your course with 3 interactive sessions where you join an experienced trainer and a group of like-minded investors and entrepreneurs. The sessions help you practise impact deal structuring based on exclusive case studies whilst meeting interesting people and sharing experiences.
Choose the delivery that works best for you

Autonomous learning
€329 (VAT incl.)
The learning experience that 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 structuring impact investments.
- 10 hours of on-demand online course materials
- Certificate of Completion after final exam
- 40+ videos and 20+ exercises
- Downloadable term sheets
- 10+ case studies and insights from leading practitioners
- Unlimited access to the platform for a full year
- 15-day money-back guarantee

Social learning
€549 (VAT incl.)
Spice up your learning journey by blending the online course with a set of three interactive sessions. The sessions offer you an opportunity to practise your skills by working on compelling real-life case studies in a role-play setting, while meeting and sharing experiences with a group of like-minded peers!
Next cohort: starting from 17 October
(only 8 seats left)
- Everything in the Autonomous package
- PLUS
- 3 x 120 minutes sessions guided by our experienced trainer
- Meet and share experiences with 10+ like-minded peers
- Role-playing exercises on deal structuring case
- Answers to your burning questions
- Access to recordings available at any time
No problem, you can mark your preferred payment option in the check-out phase
Apply for financial aid on the basis of your need and merit
What our learners say about the course
Read Sibongile's story

Read Andrew's story

Read Sibongile's story


Read Andrew's story



Get to know your trainers
Dr. Markus Freiburg
Founder & Managing Director
of FASE
Laura Catana
Deputy Coordinator MAE/023 - Private Sector Instruments at LuxDev
Learn from leading organisations
Any questions?
Contact Timothy


Contact Timothy
Frequently Asked Questions
Can't find the answer to your question? Contact us on hello@efiko.academy.
The Structuring Impact Investments course is mainly designed to train analysts and investment managers of capital providers that aim to create positive societal impact (i.e. impact funds, foundations, philanthropists, ESG funds focussing on SDGs and social/environmental responsible investors). The complexity of the content increases with every chapter but many examples, exercises and case studies will help you build self-confidence and deep understanding in each dimension of the curriculum.Â
If you are a consultant or advisor supporting capital providers, this course will help you set up hybrid financial instruments and to convince investors to accept impact-linked finance mandates. It will allow you to join live sessions with the experts and get tailored feedback on your cases or questions.
Yes, a certificate, signed by FASE and Efiko Academy, is provided upon completion of the course.
In all packages, you’re invited to join the community platform where you can ask your burning questions.Â
If you’re enrolled in the blended learning option, you will be invited to attend one live case solving session with the lead trainers and a group of peers where you will also have the opportunity to ask questions.
In other cases, support@efiko.academy is always open for questions.
For now, the course is only available in English.
The content will soon be subtitled in various languages.
FASE, the Financing Agency for Social Entrepreneurship, holds years of experience in supporting funders with expertise in innovative financing solutions. They contribute to the development of a thriving market for social innovation across Europe
Yes, we offer the option to pay with credit card (Mastercard, VISA) or PayPal. If you would like to pay with your debit card, we advise you to create a free prepaid PayPal account here and use it to make your payment.
Every transaction on Efiko is performed and secured by Stripe, a reliable payment processor.
Yes, you can secure several tickets at once by contacting us at hello@efiko.academy. Include the number of people you would like to enrol and your preferred course delivery mode (autonomous vs social package).
We offer also B2B/group offers. If you’re interested, please have a look at our team page and request a demo.
Yes, Stripe processes payments in 130+ currencies. PayPal also allows you to convert money to a different currency.
Yes, we can provide an invoice or proof of purchase so you can get reimbursed by your employer or company. Simply reach out to us at hello@efiko.academy stating the course name and package you'd like to take and for how many people.