Five Seasons Ventures Announces €180M Food Tech Impact Fund
by Startacus Admin
 and Niccolo Manzoni (R).jpg)
Five Seasons Ventures has raised its flagship Fund II to continue investment and support of innovative consumer Food Tech startups in Europe
It’s a great start to the week for European Food Tech venture capital firm Five Seasons Ventures with the announcement of the final closing of a €180M second fund. Fund II will continue making Series A and B investments into the most promising European Food Tech companies and will have a focus on fast-growing consumer-focused food with a quantifiable environmental or social impact.
Five Seasons Ventures’ investment thesis is to prove that Food Tech startups can grow at the same speed as ‘traditional’ tech startups and their Fund I portfolio companies are actually on track to reach a combined revenue of over €350M in 2021, with half of the portfolio startups not even existing four years ago.
Ivan Farneti, Co-founding Partner of Five Seasons Ventures, commented, “There’s no doubt that Food Tech is experiencing a boom in Europe right now. When we launched Five Seasons in 2018, we were the first VC to focus on Food Tech in Europe, and we believe we contributed to making this an attractive asset class. Fund II was quickly oversubscribed as more investors wanted to get exposed to European Food Tech, seeking high growth and impact.”
Niccolò Manzoni, Co-founding Partner of Five Seasons Ventures, added, “Food and Food Tech have the possibility to affect two of the most pressing issues of our time - climate change and human health. With this new fund, we continue to focus our attention on food companies that make healthier and cleaner products, that are manufactured and packaged more sustainably, with shorter supply chains and fewer emissions.”
Food Tech has grown exponentially in Europe and the pandemic further accelerated consumer demand with shifts to e-grocery delivery and direct-to-consumer food brands, as well as increased interest in healthy food and nutrition. The Five Seasons Ventures’ portfolio therefore stands to further benefit from this growth.
We look forward to seeing its future investments and the impact it will have on the Food Tech sector throughout Europe.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
.png)
The lowdown on the Regional Winners of Tech Nation's Rising Stars competition - some of the UK's most promising early stage tech companies.
Loop Not Luck aims to improve social mobility via its innovative job board designed specifically to connect underrepresented candidates to tailored career opportunities.
75% of LGBTQ+ tech founders and investors actively conceal their gender or sexuality from peers in the ecosystem, says first of its kind report.
Leading AI startup Aiir Innovations secures major investment to support global expansion and help set a new standard for engine inspections.
The lowdown on OneThird, the foodtech startup that's tackling food waste via its innovative solution for predicting the shelf life of fresh produce.
Karen Meager, co-founder of Monkey Puzzle Training shares some insights on how leadership has changed in the last decade, and what it takes to be a great leader today.
Freight rate management platform Freightify raises Series A investment to support further international growth and mission to help more freight forwarding companies digitize their operations.
Crowdfunding success for Omni, the vegan dog food brand, reaffirms the recession-proof growth of the pet nutrition industry.
Want to learn a new language? Weeve is an innovative startup that has created an innovative, creative and effective way to help you do just that.
Want to build an investable, scalable tech startup? The Raise Accelerator programme is now open for applications and will help you do just that.
Published on: 4th October 2021
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Tech Nation reveals 33 early stage scaleups to watch in 2023 8th Feb 2023 The lowdown on the Regional Winners of Tech Nation's Rising Stars competition - some of the UK's most promising early stage tech companies.
- Loop Not Luck, the UK’s first intersectional diversity recruiting platform launches 7th Feb 2023 Loop Not Luck aims to improve social mobility via its innovative job board designed specifically to connect underrepresented candidates to tailored career opportunities.
- New report reveals the tech community's LGBTQ+ Crisis 7th Feb 2023 75% of LGBTQ+ tech founders and investors actively conceal their gender or sexuality from peers in the ecosystem, says first of its kind report.
- Aviation startup Aiir Innovations raises over €2M to transform aircraft engine maintenance 7th Feb 2023 Leading AI startup Aiir Innovations secures major investment to support global expansion and help set a new standard for engine inspections.
