EU: €50 mln fund launched for investing in early-stage food and agtech startups

Eatable Adventures has launched its first fund – the EUR 50 million Eatable Evolution Fund FCR I. The vehicle will make early and growth-stage investments targeting the most disruptive startups in food and agriculture tech across Europe and Latin America. 

This will be the biggest fund of its kind in Spain and one of the top three in Europe. This milestone marks a new stage of growth for the company, which has already launched more than 10 accelerator and incubation programs while collaborating as the go-to advisor on open innovation for the leading global food corporations. 

Eatable Adventures’ latest program, Spain Foodtech, included a diverse portfolio of startups ranging from upstream technologies like the hyper-realistic 3D printed plant-based steak of Cocuus, to the protein creation through fermentation of MOA foodtech, the mycelium based burgers of Innomy, H2hydroponics vertical farming, and indoor farming facilities in the most extreme climates and downstream solutions like Proppos’ artificial intelligence and computer vision for unattended Point of Sale in foodservice. The results of this cohort have demonstrated almost a double-digit growth in value in only six months.

"Through a variety of initiatives Eatable Adventures has positioned itself as one of the three most active foodtech accelerators worldwide, given our mission of building tomorrow's food companies. Thanks to Eatable Evolution Fund we will have an even more impactful contribution to the future of the food industry," says José Luis Cabañero, CEO of Eatable Adventures. 

Read the complete article www.privateequitywire.co.uk.


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