Big Ideas Ventures launched its New Protein Fund II

© Big Idea Ventures


Big Idea Ventures Raises Initial Funds for $75M New Protein Fund II

Food tech investor Big Idea Ventures (BIV) has announced a first close for its New Protein Fund, which aims to raise $75 million within the next 12 months to support new food tech and protein innovators. This new raise brings its total assets under management to over $100 million.  Investors in the initial funding round included previous New Protein Fund I backers AAK (a Dutch plant-based oil ingredients firm) and Bühler, a solutions partner for the food processing industry. Big Idea Ventures claims to be the first global fund dedicated to the development and expansion of alt proteins, as well as the most active investor in the food tech category. Its NPF I portfolio includes French startup Gourmey, which raised €48 million in Series A funding in 2022, and …