Nordic Foodtech VC Announces €40M First Close on €80M Fund

Nordic Foodtech VC has announced the first closing of its second fund at €40 million, with a target of €80 million for final closing. The fund is backed by institutional investors and food industry stakeholders, aiming to bridge the gap between scientific discovery and industrial applications by investing in startups developing new food and agriculture technologies. Nordic Foodtech VC will lead early seed and pre-seed rounds in the Nordics and Baltics, while also co-investing in the rest of Europe with ticket sizes ranging up to €2 million.

The fund's first fund successfully invested in 18 companies from the Nordics and Baltics, working toward creating a healthy, resource-efficient, and resilient food system. These companies are focused on producing sustainable food ingredients, capturing nutrients from wastewaters, recycling waste streams, and providing insights from fields and the environment with hyperspectral imaging. Louise Heiberg, Partner at Nordic Foodtech VC, emphasized the importance of backing startups that can drive real-world food system impact and create a more efficient and sustainable global food market.