Dear community,

Three years ago I published an article in a Portuguese newspaper called Welcome to the future we created. I wrote it in March when it was snowing, but the forecast for the following weekend was 27ºC, and the public water fountains in Barcelona had been sealed because of the drought.

Decades of ignoring scientific-based warning have led us to where we are, and it doesn’t look like it will get better anytime soon. Neither climate nor policy wise.

The consecutive years of “the hottest summer ever” in the news have not been enough to foster global action: the Economy  always prevailed, as if one thing could exist without the other, and the “record breaking” speech carries a feeling we have reached some sort of peak that won’t easily be reached again.

Catarina Barreiros, a Portuguese sustainability content creator and entrepreneur, put it in an ironic manner: “Don’t always see the glass half empty, think of it as the coolest summer of the coming years.”.

Science says we are about to reach a new tipping point from which there is no return: when system alterations are so significant that self-reinforcing feedback loops start to drive unstoppable major changes on their own. It starts with climate, impacts nature, disrupts society and ultimately erodes the economic system decision-makers were trying to protect in the first place. 

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In recent years, most extreme forecasts, such as droughts, forest fires, and floods, have become reality. Because of the urgency, adaptation is now the main priority, but crisis solving, as opposed to prevention, poses the risk of excluding the most vulnerable.

Barcelona built its own climate shelter network - climatized, accessible and free interior spaces such as public libraries or community centres - and many other cities are following. In Sweden, there are new regulations on indoor temperature in the work environment, public buildings, or elderly homes. And if we look at other cities in different parts of the world - like Medellin, Linz or Istanbul - they have turned to planting trees to mitigate rising temperatures. New York has just announced it will do the same.

Regeneration is also growing as part of the solution since it’s no longer enough to use less than the planet can generate. We need to recover degraded environments. But can we meet our production and lifestyle needs while fostering nature’s recovery? I believe so, and on this topic, I saw two hope-filling documentaries worth watching: Groundswell and Kiss the Ground.

Where we decide to put our money is not apart from all of this, and as Antonio Miguel, founder of Maze, often puts it, “Impact is the greatest investment opportunity of our time”. That’s because climate isn’t the only problem our money can solve. Every euro invested is also a choice about the social, economic and environmental future we want to build. This quarter, we saw once again what that money, moved with intention, can achieve.

Highlights of the quarter

Focusing now on the positive, the last quarter gave us plenty to be proud of, and a few signs of where Goparity is heading next:

A community that shows up fast - six campaigns this quarter were fully funded in under 24 hours. Behind each of those numbers is a promoter ready to make a difference, and a community that keeps proving it wants to see positive change without hesitation. It is one of the clearest signs we have that trust in this mission keeps growing.

The impact behind the operation - every project funded this quarter adds up. Across 11 projects, our community helped avoid more than 1800tonnes of CO2, generate over 4800 MWh of clean energy, and support progress across 12 of the UN's Sustainable Development Goals.  It's a reminder that this diversity, of sectors, of goals, of people involved, is exactly the point.

A new look and a new home page - our new website shows how we keep progressing and rethinking the way we communicate to better reflect who we are, why we’re here and where we're going. You will find the same logo, same values, same mission, but the voice, the look and the way we tell our story needed to catch up. All the images used are real photographs of projects we've financed together. Goparity is becoming a platform where you can find every way to invest sustainably.

Bolsa Social integration is in motion - integrating Bolsa Social in Goparity has reached an important milestone. After the acquisition, we ran three equity campaigns that mobilised over 365.500€, backed by more than 100 investors. Bolsa Social has now closed registrations for new users and will not open further campaigns of its own, with all new investment opportunities, in loans and equity alike, now concentrated on the Goparity platform.

News from promoter

One of our promoters has some news worth celebrating. Code for All, the Portuguese tech education company, has just been ranked 19th in the world in TIME and Statista's ranking of the top 500 EdTech companies globally, sitting alongside names like Duolingo and Coursera. It's the only Portuguese company on the list, and the 4th best in Europe.

It's a well earned recognition for a mission that's been running for over a decade: making relevant, up to date tech skills accessible in a fast-changing job market. Since 2025 alone, Code for All has trained more than 5.000 professionals in AI and supported over 60 companies in building those skills internally.

A great reminder of the kind of impact that keeps growing quietly, project by project, long after the initial investment. Code for All has funded 500.000€ throught Goparity in 4 successful campaigns: Code for All, Code for All II, Code for All III, and Code for All IV.    

Congratulations to the whole team. 🎉

What's coming up

Very soon, you can expect a campaign from Cooperativa Agraria Sangareni, a smallholder coffee cooperative in the Peruvian Andes. Founded to serve farming families along the Ene river basin, it brings together 379 families across six communities, growing organic speciality Arabica coffee. A third of its members are women, who manage their own Fairtrade organic volumes. The funds raised will finance the purchase of green coffee during the 2026 harvest season, ensuring smallholder families in the Peruvian Andes receive prompt, fair payment for their harvest.

The campaign will offer a 6-month maturity with a 9,95% yearly interest rate. More details soon.

You can simulate your investment here.

The Impact Angels Club is open

As you may know, Bolsa Social had a history of equity investment, including successful exits, which we'll build on with Goparity by launching equity investments on the platform, alongside a new edition of the Impact Angels Club.

Goparity's Impact Angels Club, starting to operate in Q1 2027, is a private investor club making equity investments in early stage startups with high growth potential and impact well embedded in their business model, meaning companies that generate societal and environmental benefits as they grow.

We're not starting from scratch. This will be the second edition of the club, building on Bolsa Social's Impact Angels Club, one of the most distinctive initiatives in Spain's impact investing space, gathering some of the country's leading angel investors and much loved startups.

Over four years, the club made 11 investments, including companies like CoCircular, Recovo, Orygen, Leemons, Banbu, Showee, Robopedics, MiniTales, Visualfy and Naria.

It is a 30k€ commitment, spread across 4 years in 4 capital calls, with quarterly demo days to get to know and vote on pre screened investment opportunities.

Members get priority access to impactful investment opportunities, quarterly investment committee meetings (virtual or in person), network events, webinars, and one yearly gathering.

The last edition had 40 participants and was oversubscribed. This time, it will be limited to the first 100 members. It's important to mention that those who were part of the previous edition will be given priority in the new club, and the first confirmations have started to come in.

If you're interested in learning more, please fill out the form below and I'll schedule a meeting with you.

Join the Impact Angels Club!

Musical note

When I was younger, I used to DJ, mostly electronic music, and I still listen to it a lot. Here’s a song I’ve been playing lately: The Adventurer by French 79. It caught my attention for the lyrics and stayed for the bass: "It’s time to see the bigger game. We need to kick those bloody self-absorbed thoughts to the curb. It’s time to stop thinkin’ just about ourselves and start givin’ a toss about others."

As always, feel free to reach out to our team if you have any comments or questions.