Across the world, over 673 million people go hungry every day, according to Action Against Hunger. That’s 8% of the global population!
In the UK alone, 7.5 million people experienced food poverty in 2023/24, including 18% of children.
Because of this, solving food inequality has become a major focus for innovative tech startups across the world.
And as the food system globally struggles with transport, growth and demand, a number of venture capital firms have emerged to back businesses solving one of the world’s most pressing issues.
What Is FoodTech?
FoodTech (or food technology) is the term used to describe any innovation that uses science or technology to improve aspects of food. This could be through developing new food types (ie meatless meat), boosting sustainable agriculture, minimising waste, helping with supply chain or personalising nutrition.
In short, any business that is trying to improve either a function or accessibility of food, through technology, is considered a FoodTech.
Who Are The European VCs Investing In The Future Of Food?
Given how big of an issue food scarcity is, it’s no surprise that a number of venture capital firms have set out to back the businesses securing the future of food.
Here are some of the ones leading the charge.
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Peak Bridge
From Seed to Series B, Peak Bridge invests in companies that are transforming the future of food.
Based in Luxembourg and backed by a global team of FoodTech investment pioneers, Agri-Food industry experts and scientists, their team is perfectly placed to mentor their portfolio companies through growth and scale.
Blue Horizon
Blue Horizon is a UK venture capital fund that is on a mission to accelerate the transition to a Sustainable Food System. Their philosophy is based on providing a positive impact on the planet alongside positive returns for their stakeholders.
They are particularly looking for seed stage founders working at the intersection of biology, technology and agriculture.
Nordic Foodtech VC
Nordic foodtech VC invests in ‘deep tech for food’ – focusing on early stage companies setting out to innovate the food system.
Nft believes that many of the issues faced in food and farming can be tackled using scientific discovery and engineering.
They invest specifically in companies based in northern Europe, especially in the Nordics and Baltics.
Five Seasons Ventures
France’s Five Seasons Ventures backs sustainable consumer brands that focus on category leading products.
Whilst their portfolio isn’t just limited to food products, they back a lot of companies looking to create products that allow people to enjoy delicious food, without costing the planet.
Synthesis Capital
London’s Synthesis Capital invests in companies that are transforming the food system through the synthesis of food technology and modern biotechnology.
Their portfolio includes household names like Beyond Meat and Impossible, alongside 35 other companies working on developing alternative proteins and food sources.
Rockstart
Not just focused on food, Rockstart invests in founders that are looking to build a regenerative and sustainable future.
Looking to back startups from start to series B, they connect companies with their network of global investors, covering areas like AgriFood, Energy and Emerging Technologies.
AgriTech Hub
Based in Poland, AgriTech Hub is a Venture Capital Fund investing in research-driven, agricultural startups.
With a particular interest in biotechnology, the Agritech Hub aims to connect startups with partners like the MIT Enterprise Forum Poland to help drive research and development forwards.