Blue Horizon Ventures to Invest in Startups Focusing on Food Sustainability Following Covid-19
As the pandemic highlights massive problems in the global food system, investors start looking into vegan-focused ventures.
Zurich-based VC, Blue Horizon Ventures, has closed a €183 million fund to invest in foodtech startups focusing on sustainability. The fund brought in more than 100 investors, including the European Investment Fund (EIF), that exceeded the initial target of €100 million.
Working on the notion that the current food system is broken, from industrialised agriculture to delivery, Blue Horizon Ventures aims to support and promote a positive global impact on the environment, human health and animal welfare. Thus, principal investments will target the areas of alternative proteins, synthetic biology, cell-based food, smart packaging and food waste.
Sustainability in the food system is very attractive to investors. From an impact perspective, it’s a sector tackling many big problems – from health to food waste.
Blue Horizon Ventures plans to launch a second fund in the fourth quarter, with the target slightly higher than the first.
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