Key Takeaways:
- Eatable Adventures completes the first closing of the Europe Foodtech Acceleration Fund I SCSp, valued at 30 million euros.
- The fund aims to invest in technology-based seed projects in the agri-food sector, encompassing Spain Foodtech and FoodSeed programs.
- Despite challenging economic conditions, the Foodtech sector demonstrates resilience, bolstered by technological advancements and collaborations.
- Initial investments of six million euros have been made to nine Foodtech startups focusing on sustainability and efficiency in food production.
- Eatable Adventures plays a significant role in the growth and innovation of the Foodtech sector, with successful projects in its portfolio.
Foodtech Accelerator, Eatable Adventures, Announces First Closing Of New Investment Fund
Launch of the Europe Foodtech Acceleration Fund I SCSp
Eatable Adventures, a prominent global accelerator in the Foodtech sector, has announced the first closing of its new investment fund, Europe Foodtech Acceleration Fund I SCSp. The fund, with a total value of 30 million euros, targets technology-based seed projects in the agri-food sector. It incorporates the Spain Foodtech and FoodSeed acceleration programs in Italy and plans to expand with a third European program.
Eatable Adventures’ Influence on the Foodtech Ecosystem
As a key player in the Foodtech accelerator space, Eatable Adventures has significantly contributed to developing and strengthening the Foodtech ecosystem, especially in Spain and Italy. These countries are integral to the European food industry, with their agri-food sectors being crucial to their national economies. The new investment fund is designed to support Eatable Adventures’ activities in these markets.
Initial Investments and Expansion Plans
The fund has begun its operations with initial investments totaling six million euros, distributed among nine innovative Foodtech startups. These include Agreen Biosolutions, Agreenet, Hypesound, Foreverland, Néboda, Mmmico, Regrowth, Soonapse, and Trusty, all offering solutions addressing various challenges within the food sector. The fund also plans to extend its activities to a third European acceleration program, aiming to broaden the impact of these technologies globally.
Comments from Eatable Adventures Leadership
José Luis Cabañero, Founder and CEO of Eatable Adventures, highlighted the importance of integrating technology and innovation in the food sector to enhance production, optimize resources, and reduce environmental impacts. He noted that the fund’s experience in the Foodtech vertical has facilitated precise and effective investments in startups with significant potential and relevance to the sector.
Success Stories and Startup Highlights
Eatable Adventures’ historical portfolio includes notable companies like Cocuus, Ekonoke, and Moa Foodtech, which have made significant contributions to the Foodtech industry. The newly invested startups address challenges, from sustainable crop protection methods to advanced AI solutions for irrigation and blockchain-based traceability systems.
