Helsinki -based Nordic FoodTech VCInvestors, located in Nordics, have announced the first closure of its second fund, € 40 million, the final target size of the fund is € 80 million.
This second fund is supported by institutional investors by the stakeholders of the food industry such as Tessi and Elo Mutual Pension Insurance Company and Valio Pension Fund and Hino Group.
“It is not easy to be able to raise funds in the current complex market. However, it is clear to us and our investors that the current global food system is basically void and not sufficient to meet the needs of the planets or its people. As an expert investor, we are here to make startups into the effects of startups and turning breakthrough sciences and solutions into real-world food systems and solid returns. Food security, health and nutrition and sustainable food measures will be catalyst for this sector” Luis HeaibergNordic Foodtech is partner in VC.
Established in 2019, the Nordic Foodtech VC first Nordic VC Funds focus on clear solutions for agriculture and food industry. The farm operates two funds, a $ 12 million fund launched in 2021 and SFDR Article 1 alignment, launched in 2021.
They invest in pre-beans and seed-level companies “make a positive impact by resolving business-critical problems”The better way to eat from new sources of soil and protein in orbit“. Initial tickets, from millions of euros to $ 2 million, including reserves for follow-on.
“New technologies contribute significantly to sustainable food production. Nordic Foodtech VC is a unique player in the FoodTech sector of Nordics that has great potential for growth. The team has strong skills in both research and commercialization of innovation. Nordic Foodtech VC is a great source of capital capital for initials for early FoodTech companies in Finland“Explained Peter platanTessi’s Fund is the investment team’s investment director.
Nordic Foodtech was successfully invested in 18 companies of Nordics and Baltics, including Anifer, Couva Space, Chromologics, Eoodia, EO, Melt and Marble and sarcastic biotech. Their portfolio produces affordable protein material, effective fats and oils, natural food colors and aromatic compounds, nourish the waste water and recycled the waste currents in fertilizers and provide insights with the fields of the earth’s hypeptral imaging.
Despite the downturn in the VC investment, the food sector also believes that the fundamental requirement of the food system has not changed.
The Nordic FoodTech VC’s strategy has been invested in companies that solve business-critical problems together and together. With limited access to risk -capital options in the early stages, with universities and research institutes, Nordic FoodTech plays an important role in helping the VC companies successfully spin.
“We invest in planetary size business opportunities in parts of the bite. With our entire team experience and skill in investing in this sector, we have been able to identify quickly in startups that solve enough problems to generate good return in the fund cycle. We are interested in supporting both the existing and the new portfolio in their way of growth that all moves toward a food system that fits into the border of the planet together“End Lorry returnNordic Foodtech is partner in VC.
With the first closing of the second fund in $ 1 million, the Nordic FoodTech VC doubled its total capital. Fund raising will run toward the € 80 million target for the final completion.
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