The fund is led by Cardumen Capital and has the Basque Culinary Center as a knowledge partner.
Euskaraz irakurri: EAEn selfish by Foodtech funts berriak nekazaritzako elikagaien sektoreko konpainietan inbertituko du
Cardumen Capital and the Basque Culinary Center have launched the first ‘food tech’ investment fund in the Basque Country that will invest in technology companies in the agri-food sector.
The fund is led by Cardumen Capital, manager of European-Israel Venture Capital, and has the Basque Culinary Center as its knowledge ‘partner’. In addition, it has the participation of the Ministry of Economic Development, Sustainability and Environment of the Basque Government, in its comprehensive strategy ‘The Food Global Ecosystem’ and of the Provincial Council of Gipuzkoa.
The fund was presented this Monday in San Sebastián at a press conference attended by, among others, the General Director of the Basque Culinary Center, Joxe Mari Aizega, and the Deputy Minister of Agriculture, Fisheries and Food Policy, Bittor Oroz.
This new fund is categorized as a sustainable fund under Article 9 of the SFDR and will invest in the “most promising” technology companies in the agri-food sector, and specifically in technologies that combat climate change and food security. As they explained, its aim will be to invest in local and international companies “which are one of the pioneering specialist funds in this market”.
For example, they pointed out that the fund will invest in about 15 companies with “leading technologies and commercial traction” in areas such as precision farming, alternative proteins or circular economy.
The Foodtech Fund plans to perform a first closing around March 2023, when a size of EUR 20 million will be reached, although the ultimate goal of the fund is more ambitious, between EUR 40 and 50 million.
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/es_ES/sdk.js#xfbml=1&version=v2.8”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
