Foodtech investor doubles down with new €80m fund: "One needs to be patient"
6 dec. 2024
14:07
Helsinki-based Nordic Foodtech VC is launching its second fund, aimed at backing research-driven solutions with the potential to transform the food system. "There is incredibly strong science coming out of Nordic research institutions, but innovations too often remain stuck in the lab," Investor Director Louise Heiberg tells Impact Loop.
The foodtech sector has ridden a rollercoaster in recent years, from record investments in 2021 and 2022, to bankruptcies, downsizing, and cautious capital flows ever since.
Nordic Foodtech VC has consistently stayed its course with its fund (Fund I), avoiding hyped sectors like vertical farming, delivery services, or plant-based meat. Instead, it kept its focus on research-based solutions that can contribute to transforming the food system.