Foodtech

Fund II is nearing its €80m fundraising target having now raised at least €70m from LPs such as Elo Mutual Pension Insurance Company and Valio Pension Fund.

LPs include Allina Health System, Bernick's, Fifth Third Bank, FR Bigelow Foundation, MSP Equity Fund and Shakopee Mdewakanton Sioux Community.

Founder Nick Cooney says a strong exit environment and past earnings by the innovative early-stage companies that are his firm’s focus are driving Fund II towards its $100m target.

Waterpoint Lane Sustainability Fund I reportedly had a target size $7.54m.

Investors include AGCO, ASR, Invest International, Invest-NL, Klaverblad Verzekeringen, Oost NL and Van Lanschot Kempen.

The growth equity fund manager has launched fundraising for a foodtech-focused venture fund located in Boise, Idaho.

The venture capital firm invests in pre-Series A technology companies in the agriculture and food supply chain.

The company behind novel food products such as the mammoth meatball and quail parfait appeals to investors because it has no intention of replacing conventional meat.

Dutch venture capital firm Future Food Fund has closed its Article 9 impact fund on €40m, with commitments from the European Investment Fund, Risk Capital Resources, the Dutch Future Fund, Wageningen University & Research and regional development agencies Oost NL and NOM.