FoodSparks®: A New Agrifood-tech Seed Fund by PeakBridge and EIT Food
PeakBridge and EIT Food have launched PeakBridge FoodSparks® SCSp, a new seed fund for European agrifood-tech startups.
Global fund manager PeakBridge joins EIT Food, the world’s biggest Agrifood Innovation Ecosystem, in launching the FoodSparks® fund. This new fund will invest in pan-European seed and early-stage startups to offer access to strategic capital and support with scaling up. It also aims to work towards innovative solutions to some of the world’s most pressing problems in food production, supply and sustainability.
The fund will offer up to €30M of investment to about ten startups per year for up to four years. The companies to receive investment will all be domiciled in Europe/EFTA and Israel, have protectable and scalable technology. They also have to align with EIT Food’s mission of making the food system more sustainable, healthy and trusted.
The startups and entrepreneurs included in the fund will also have access to advice and mentoring from the wider EIT Food community, allowing them to benefit from decades of food experience and knowledge.
FoodSparks® will be headed by Managing Partner Yoni Glickman with some of its investors Ordway Selections, CPT Capital, Givaudan, Puratos and Gullspång Re:food. With this, portfolio companies will benefit from a wide range of potential co-investment and follow-on investment opportunities.
Funding the next generation of agrifood innovations is one of the most important steps we can take in ensuring a sustainable future for the global food system.
For more information, you may email foodsparks@peakbridge.vc.
Latest News
Givaudan teams up with 5 global startups to transform actionable insights into efficient and delicious alt-protein choices.
Valley partner, Givaudan has launched...
Swiss innovators Givaudan and Bühler join forces with MISTA to open a new extrusion hub
Valley partners Givaudan and Bühler...
Christina Senn-Jakobsen: 3 key food system challenges and how we can tackle them
3 key food system challenges and how...
Teaming up for impact: ZFV Group on their partnerships with Yumame, Steasy and Food2050
Backed by more than 125 years of...