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Five Seasons Ventures Launches €180M Impact Fund for European Food Tech

European Food Tech VC firm Five Seasons Ventures has announced the final closing of a €180 million second fund. Having already backed promising European plant-based businesses, the Five Seasons new Fund II will focus on fast-growing consumer-focused food startups with a quantifiable environmental or social impact.  “Food and Food Tech have the possibility to affect two of the most pressing issues of our time –  climate change and human health” After launching the first-ever Food Tech venture fund in Europe in 2018, Five Seasons Ventures has raised its flagship Fund II to continue investing in European startups at the forefront of food tech. The portfolio of the first €77 million fund saw revenue growth of 20X over four years to reach more than €350 million …

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Christian Fenner, Thomas Stoffels and Mathias Tholey ©nu company
Investments & Finance

Germany: The Nu Company Raises €14M with Formula 1 World Champion Nico Rosberg Among Investors

Leipzig-based sustainable food startup the nu company has successfully completed its first financing round following triple-digit sales growth for the fourth consecutive year. Raising over €14 million in series A funding, the challenger brand is looking to seriously disrupt the food industry with its vegan product line. Featuring the vegan and sugar-reduced chocolate bar line nucao, and the organic protein brand numove, the nu company aims to expand its line of all-organic, low ingredient products with less sugar, plastic-free packaging, and a negative CO2 balance.  Having recorded triple-digit sales growth for four consecutive years, and with its products already available in over 10,000 stores, the company was an attractive offer for the Series A investors, which included former F1 world champion and sustainability entrepreneur Nico …

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