In an impressive stride toward sustainable innovation in food and agriculture, the Utrecht-based Future Food Fund II (FFF II) has announced closing its funding at €40 million. This milestone underscores the fund's commitment to reshaping food and agriculture systems through impactful investments in Western Europe. Backed by a coalition of impact-driven entrepreneurs and notable entities such as the European Investment Fund (EIF), FFF II is poised to drive transformative change in the agrifood tech sector.
A Catalyst for Change
With a strategic focus on regenerative agriculture, zero-impact foods, and circular systems, FFF II aims to mitigate the adverse effects of climate change by investing in Seed & Serie-A companies that pioneer sustainable practices and technologies. The fund's approach aligns perfectly with a growing need for resilient and environmentally friendly food systems, highlighting its role as more than just an investment vehicle but a catalyst for global change.
Strategic Partnerships and Investments
The fund's impactful journey is supported by a €20 million commitment from the EIF, part of the InvestEU program, Risk Capital Resources, and the Dutch Future Fund, showcasing strong confidence in FFF II's vision for a sustainable future. Key investments include EV Biotech, a specialist in precision fermentation, and Extracellular, a scale-up partner for cultivated meat, among others. These investments reflect FFF II's dedication to fostering innovation in the agrifood tech space.
Additionally, FFF II has solidified partnerships with prestigious Dutch institutions such as Wageningen University & Research (WUR), Oost NL, and the Northern Netherlands development agency NOM. These collaborations underscore the Netherlands' leadership in agrifood tech and sustainability, providing a robust ecosystem for FFF II's portfolio companies to thrive.
Future Food Fund: Investing in a Sustainable Future
Founded in 2017, the Future Food Fund has established itself as a specialized agrifoodtech venture capital fund, focusing on early-stage investments within Western Europe's food and agriculture sector. The fund's first iteration supported 10 Dutch startups, including NoPalm, Soilwise, and Sensoterra, laying a strong foundation for its subsequent impact-driven endeavors with FFF II.
Conclusion
Future Food Fund II's successful funding round at €40 million marks a significant step forward in the pursuit of a sustainable and resilient food system. By backing innovative startups and leveraging strategic partnerships, FFF II is at the forefront of the agrifood tech revolution, contributing to a brighter, more sustainable future for our planet. The fund's commitment to transformative initiatives and its role as a catalyst for change is a testament to the potential of impact investing to address some of the most pressing challenges facing the global food and agriculture systems today.
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