01 — Purpose

We invest in deep foodtech.

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.

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

We invest in early-stage 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.

The fund was launched in 2020 and has 42M€ to invest in approximately 20 companies 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 DK

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 SE

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

First investment in 2021

eniferBio FI

The original mycoprotein. The Pekilo-bioprocess turns underutilized renewable side streams of modern biorefineries into a cost-competitive and high-quality protein source for fish and for humans.

First investment in 2020

 

Nordic Umami Company FI

Sustainable umami from circular ingredients. Unique technology to turn edible side products from the agricultural and food industries into great-tasting plant-based umami – for home or industrial use.

First investment in 2021

 

Hailia Nordic FI

Great foods from by-catch fish. Hailia brings in new technology to create tasty, healthy, sustainable and affordable food from the under-utilized small fish of the Baltic Sea.

First investment in 2021

 

Kuva Space FI

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 FI

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 FI

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

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!


03 — People

We look at food from diverse perspectives.

Mika Kukkurainen

Partner

Business strategist, concept and brand developer.

Pekka Siivonen-Uotila

Partner

Entrepreneurship, vision and innovation well-done.

 

Lauri Reuter

Partner

Venture scientist determined to build radically sustainable future for food.

 

Jari Tuovinen

Partner

Seasoned investor bringing to the table experience in business strategy and fund management.

 

Janna Oksanen

Investment Analyst

Industry insider on mission to nudge human behavior towards sustainable and ethical eating.

 

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.

04 — Contact

Best way to get in touch is to fill in the contact form.