01 — Purpose

We invest in deep tech for food.

Transformation of the global food system is an urgent necessity for human health, for the climate and for the life on the planet. It is also a massive opportunity for new business and investments.

We believe in solving the hard underlying problems in food and farming with new technology built on scientific discovery and solid engineering.

We invest in early-stage technology companies aiming to radically renew the food system – from the soil to the orbit and from new sources of protein to better ways of eating. Our focus is on companies based in northern Europe, and especially in the Nordics and Baltics.

We are driven by impact and take our responsibility seriously. More about our policy on responsibility here.

02 — Portfolio

Companies we have invested in so far.

Chromologics

Next generation of natural food colors through fungal fermentation platform. The flagship product is a sustainable and ethical replacement for red colors derived from crop plants, insects or chemical synthesis.

First investment in 2020

 

Melt&Marble

Juicy fats to erase the taste gap between animal-based and plant-based foods. Melt&Marble has created a beef-like fat using precision fermentation to replace the currently used coconut and palm oils.

First investment in 2021

Enifer

The original PEKILO mycoprotein. The company transforms circular economy by-products into planet friendly and cost-competitive drop-in protein ingredient for aquafeed, pet food, and food production.

First investment in 2020

BioMush

Sustainable umami from circular ingredients. Unique technology to turn edible side products from the agricultural and food processing into natural, great-tasting and clean label umami for food industry. 

First investment in 2021

Hailia Nordic

Great foods from under-utilized fish. Hailia has developed new processing technology to create tasty, healthy, sustainable and affordable products from upcycled fish raw materials.


First investment in 2021

Kuva Space

Smarter data for a stronger planet. A constellation of nanosatellites equipped with hyperspectral imaging gear will provide global daily data on vegetation and soil for farming.

First investment in 2021

 

Ruokaboksi

Healthier eating made easy. Ruokaboksi streamlines the supply chain of groceries and supports the shift to healthier cooking by bringing locally sourced seasonal ingredients and simple recipes to the front door.

First investment in 2022

 

Tracegrow

Organic fertilizers from used batteries. The proprietary process harvest micronutrients from recycled alkaline batteries and industrial side streams to produce foliar fertilizers with very low carbon footprint.

First investment in 2022

 

EvodiaBio

Natural aroma through precision fermentation. EvodiaBio has solved a bottleneck in production of a range of mono-terpenes sustainably in yeast. The first product will replace water-intensive farming of hops.

First investment in 2022

Äio

Sustainable fats from low-value resources. Äio has developed a robust fermentation process to turn side-streams from agriculture, food industry and forestry into high-quality microbial oils and fats.

First investment in 2022

Paras Aqua

New concept for sustainable and profitable on-land fish farming. The proprietary Partial Air driven Recirculation Aquaculture System avoids the environmental impacts of traditional fish farming and the capital cost of RAS systems.

First investment in 2023

Ironic Biotech

Bioavailable heme iron ingredients. The compounds are produced through precision fermentation, absorb like the iron in meat and don’t cause adverse side effects like available iron supplements.

First investment in 2024

 

NPHarvest

Technology to capture nitrogen and phosphorus from wastewaters. Looping valuable nutrients back to food system cuts climate emissions, eutrophication – and the cost of water treatment.


First investment in 2024

Happy Plant Protein

High-protein and high-fiber ingredients from pulses and grains. The company has developed proprietary technology to enable manufacturing of protein ingredients on existing production lines – sustainably and cost-effectively.


First investment in 2024

NanoHalen

Quick, simple and affordable detection of heavy metals in water. NanoHalen has developed nanoparticle-based rapid test strips to prevent exposure to arsenic through drinking water, irrigation or industrial use of water.


First investment in 2024

Hailia

Great foods from under-utilized fish. Hailia has developed new processing technology to create tasty, healthy, sustainable and affordable products from upcycled fish raw materials.


First investment in 2021

Announced soon

Our next investment will be announced soon. Meanwhile, we are constantly looking for new deep foodtech companies in the Nordics and Baltics. Reach out if you are looking for funding!

NanoHalen

Quick, simple and affordable detection of heavy metals in water. NanoHalen has developed nanoparticle-based rapid test strips to prevent exposure to arsenic through drinking water, irrigation or industrial use of water.


First investment in 2024

03 — People

We look at food from diverse perspectives.

Louise Heiberg

Investment Director

Experienced foodtech investment professional and foodtech engineer by training, based in Denmark.

Pekka Siivonen-Uotila

Partner

Entrepreneur, founder and visionary company builder, who knows the ups and downs of startups.

Lauri Reuter

Partner

Venture scientist with a PhD in biotechnology, determined to build radically sustainable future for food.

Jari Tuovinen

Partner

Seasoned investor bringing to the table experience in corporate finance and fund management. 

Mika Kukkurainen

Partner

Business strategist, concept and brand developer with experience in food industry and retail.

Kaisa Poutanen

Chief Advisor

Academic excellence in food technology and nutrition.

Leena Saarinen

Advisor

Food industry executive and board professional.

Daniel Skaven Ruben

Advisor

Impact-driven superconnector working with foodtech investors, startups, and accelerators.