April 2021

FoodSparks®: A New Agrifood-tech Seed Fund by PeakBridge and EIT Food

PeakBridge and EIT Food have launched PeakBridge FoodSparks® SCSp, a new seed fund for European agrifood-tech startups.

Global fund manager PeakBridge joins EIT Food, the world’s biggest Agrifood Innovation Ecosystem, in launching the FoodSparks® fund. This new fund will invest in pan-European seed and early-stage startups to offer access to strategic capital and support with scaling up. It also aims to work towards innovative solutions to some of the world’s most pressing problems in food production, supply and sustainability.

The fund will offer up to €30M of investment to about ten startups per year for up to four years. The companies to receive investment will all be domiciled in Europe/EFTA and Israel, have protectable and scalable technology. They also have to align with EIT Food’s mission of making the food system more sustainable, healthy and trusted.

The startups and entrepreneurs included in the fund will also have access to advice and mentoring from the wider EIT Food community, allowing them to benefit from decades of food experience and knowledge.  

FoodSparks® will be headed by Managing Partner Yoni Glickman with some of its investors Ordway Selections, CPT Capital, Givaudan, Puratos and Gullspång Re:food. With this, portfolio companies will benefit from a wide range of potential co-investment and follow-on investment opportunities.

Funding the next generation of agrifood innovations is one of the most important steps we can take in ensuring a sustainable future for the global food system.

Andy Zynga

CEO, EIT Food

For more information, you may email foodsparks@peakbridge.vc.

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