Nordic Foodtech VC announces a EUR 40 million fund to invest in new food and agriculture technologies
Nordic Foodtech VC, an early-stage investor based in the Nordics, has announced the first closing of its second fund at EUR 40 million. The final target size for the fund is EUR 80 million. Investors in the fund include, among others, Elo Mutual Pension Insurance Company and Tesi, and food industry stakeholders such as Valio Pension Fund and Heino Group.
Nordic Foodtech VC invests in early-stage startups with unique technologies to seize the planet-sized business opportunities in creating a healthy, resource-efficient, and resilient food system.
“New technologies contribute significantly to sustainable food production. Nordic Foodtech VC is a unique player in the food tech sector in the Nordics with excellent prospects for growth. The team has strong expertise both in research and in the commercialization of innovations. Nordic Foodtech VC is therefore an excellent source of venture capital for early-stage food tech companies, also in Finland,” explains Peter Platan, Investment Director in Tesi’s Fund Investments team.
In its investment operations, Tesi focuses on strategic sectors important to Finland, one example being the clean economy. Around these sectors, clusters of innovation and expertise can be built to nurture significant added value and sustainable growth. Included in the strategic investment theme of clean economy, sustainable food production is not only an emerging sector in which Finland can gain traction, but also one that provides means to strengthen, for example, the security of supply.
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Additional information:
Peter Platan, Investment Director, Fund Investments
peter.platan@tesi.fi
+358 40 555 9690
Tesi (officially Finnish Industry Investment Ltd) is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies, and to new industrial scale businesses. tesi.fi | X (Twitter) | LinkedIn | Instagram | Bluesky | Threads | Newsletter