Hamburg-based Oyster Bay Venture Capital has closed its second fund at over €100 million, becoming one of Europe's largest dedicated investment vehicles for early-stage companies in the food sector. The fund, oversubscribed and backed by institutional investors such as the European Investment Fund and KfW, aims to address the underinvestment in food and agriculture, which remains the world's largest industry by revenue but receives a small share of climate-focused venture capital.

Founder and Managing Partner Christoph Miller emphasizes the importance of food as a future challenge and opportunity, noting that only the very best startups make it into Oyster Bay's portfolio. With a focus on sustainability and innovation, the firm has already made early investments in companies such as GoodBytz, Nukoko, Arda Biomaterials, and Seedalive, contributing to advancements in kitchen robotics, alternative cocoa production, the use of brewers' spent grain, and seed-testing technology. Oyster Bay's selective approach to deal flow and involvement as a seal of quality in their portfolio highlights their commitment to supporting companies that can sustainably improve the food system.