Key Takeaways
- Oyster Bay Venture Capital has closed its oversubscribed Fund II at more than €100 million.
- The fund is backed by institutional investors, entrepreneurs, and corporates from the agri-food sector.
- Fund I ranked among the top 10% of European VC funds of its vintage in both IRR and DPI.
- Fund II has already invested in companies including goodBytz, Nukoko, Arda Biomaterials, and seedalive GmbH.
- The fund remains focused on supporting founders innovating across the entire food value chain.
Oyster Bay Venture Capital Announces Oversubscribed Fund II
Oyster Bay Venture Capital has officially closed its second fund at more than €100 million, surpassing its original target. The oversubscribed close highlights significant investor interest in technologies shaping the future of food and agriculture. Supporters include leading institutional investors as well as entrepreneurs and corporates across the agri-food industry.
The firm emphasized the urgency of addressing global food system challenges. While the food sector generates $10 trillion in revenue—representing 12% of global GDP and 40% of all jobs—less than 8% of climate-focused venture capital is directed toward food-related innovation.
Oyster Bay Venture Capital Builds on Strong Track Record
Fund II follows the performance of Oyster Bay Venture Capital’s first fund, which ranked within the top 10% of European VC funds of its vintage based on both IRR and DPI. The firm continues its strategy of backing bold founders developing technologies across the food value chain.
“Food is the most underestimated future challenge and opportunity of our society,” said Founding Partner Christoph Miller, reflecting the fund’s long-term mission to identify and support transformative solutions.
Portfolio Highlights: Robotics, Ingredient Innovation, Upcycling and Seed Technology
Oyster Bay Venture Capital has already begun deploying capital from Fund II into a portfolio of early-stage ventures. These include:
- goodBytz – Robotics designed to automate commercial kitchen workflows.
- Nukoko – Developing alternative cocoa ingredients.
- Arda Biomaterials – Upcycling brewers’ spent grain into new material categories.
- seedalive GmbH – Advancing novel seed testing technologies.
- Additional companies currently operating in stealth.
Each investment targets a critical segment of the broader food system, from sustainable ingredients to agricultural productivity tools.
Oyster Bay Venture Capital Positions Fund II to Support Future Food Innovators
As Europe’s only entrepreneur-led venture capital fund exclusively focused on food, the VC now has more than €100 million dedicated to supporting founders across the sector. With Fund II officially live, the team is continuing its mission to back early-stage innovators developing solutions to modernize and strengthen the global food system.
