Eatable Adventures spearheads €50M fund for food and agriculture tech start-ups – FoodIngredientsFirst

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05 Oct 2021 — Eatable Adventures’ newly launched €50 million (US$58 million) fund, Eatable Evolution Fund FCR I, is hailed As a Outcome of the Most very important fund of its type in Spain And positively one of many prime three most lively in Europe. 

The financing car is concentrating on early and progress-stage start-ups in agri-meals tech throughout Europe and Latin America.

Eatable Adventures has already launched Greater than ten accelerator and incubator packages, whereas collaborating as an advisor on open innovation for main worldwide meals agencys.

“As a Outcome of of Eatable Evolution Fund we Might have an A lot extra impactful contribution to The biggest method forward for the meals enterprise,” remarks José Luis Cabañero, CEO of Eatable Adventures.

Eatable Adventures’ beforehand launched accelerator program has scaled hyper-practical steak. (Credit rating: Cocuus)Start-up funding surges
The fund’s launch arrives As a Outcome of the worldwide meals-tech scene demonstrates A strong progress. Based mostly on Agfbeneath, Inside The primary half of 2021, start-ups have worldwidely raised US$24 billion, getting very Shut to The complete for all of 2020.

Eatable Adventures’ latest accelerator program, Spain Foodtech, included A numerous portfolio of start-ups Starting from upstream utilized sciences Simply like the hyper-practical 3D printed plant-based steak of Cocuus, to the protein creation by way of fermentation of MOA mealstech.

It has additionally scaled the mycelium based burgers of Innomy, vertical farming of H2hydroponics, and downstream options like Proppos’ AI and pc imaginative and prescient for unattended Level of Sale in mealsservice.

The outcomes of this cohort have demonstrated virtually a double digit progress in worth in solely six months, highlights Eatable Adventures.

Earlier this yr, Eatable Adventures additionally lent its assist to the Mylkcubator program, which is tipped As a Outcome of the primary worldwide incubation program for mobile agriculture utilized sciences Inside the dairy enterprise. 

Scaling potential
The upcoming start-ups collaborating Inside The subsequent cohort of Eatable Evolution Fund FCR I am going to have entry to the Eatable Adventures’ palms-on methodology, with a group devoted to enhancing their enterprise fashions, Path to market method and industrial scaling.

The corporations May even be given steerage in showcasing their merchandise and options to huge industrial companions.

The fund is presently pending approval by the Comisión Nacional del Mercado de Valores (Spanish Securities Market Fee).

The administration agency Shall be Abante Asesores Gestión SGIIC, a monetary institution overseeing the administration and administration Of private equity automobiles with Greater than €1.2 billion euros beneath administration Inside these automobiles.

By Benjamin Ferrer

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