Kost Capital, a new Danish venture capital fund, is out to bring better food to more people.

General partner Bodil Sidén started the firm with LPs Kasper Hulthin, Christian Tang-Jespersen, Mark Emil Hermansen and Jacob Lee Ørnstrand.

Kost, which means that is“diet the Scandinavian language, but, it will probably probab be tough to stay glued to one while working here. That’s because Kost Capital stocks room with Kost Studio, a food development studio that doubles as a test home for universities and areas to collaborate and develop food that is novel.

Sidén declined to say how much of the €25 million was raised so far, but did say backers include danish fund that is sovereign and Kost’s founding restricted lovers.

Kost Capital invests in pre-seed and seed startups across European countries, centering on B2B inputs in the foreseeable future of meals. It offers currently made three opportunities: Estonian palm-oil replacement organization Äio, Numi, a French baby formula business and Danish element business Nutrumami.

Sidén’s trip to investment capital were only available in a place that is quite unique. She was in Swedish politics as a member of the Moderates’ national party board, a press secretary to the Fredrik Reinfeldt government and worked for the ministers that are swedish

“I’ve for ages been really passionate about societal modification — my moms and dads tend to be migrant teachers, so I’ve always already been really subjected to justice and issues that are global” Sidén told For Millionaires. “Then I joined the world of tech, working on communications in the Nordics for Uber where I learned everything about big tech and how you tech that is scale and marketplaces from an area setting.”

She then partnered with Kamjar Hahabdolahi and Erik Halvord to create blq invest, a venture money investment in Stockholm that performed company building that is hands-on. For example working with technical companies that lacked a way to commercialize.

After two funds, Sidén got into contact with the investors behind Kost, who were looking for a partner that is general assist develop a platform and environment method. That’s whatever they are performing when it comes to year that is past the help of senior associate Paul Archambeau, she said.

Kost’s investment thesis takes a nod from Sidén’s origins that are political through the thought that meals is running on the bioeconomy. Acknowledging an increasing populace, weather change, meals waste, medical issues and plan modifications, Sidén says more financing becomes necessary into meals tech.

“Looking in the five following years, all macrotrends talk because of it, plus it’s therefore under spent,” she stated. It’s actually like logistics and brands and not even food“If you look at where the money has gone. It’s a opportunity that is massive and ideally additionally generalist VCs can come back in the area. They took several hits at the beginning with lots of B2C, plus it ended up being difficult to evaluate several types of company designs, but i do believe which may transform today.”

That said, certainly one of Sidén’s milestones is actually for Kost to “be the co-investor that is best in Europe” with food tech and generalist investors looking for a firm with scale-up expertise and food-specialized abilities.

Meanwhile, Food tech is having a brief moment in European countries. Not merely tend to be we witnessing investments that are larger-than-average made, for example, into Infinite Roots, which makes proteins from mycelium, but more funds being raised as well. This Eatable Adventures, an accelerator helping to create and support food tech in Spain and Italy, said it sinking £2 billion called Europe Foodtech Acceleration Fund I SCSp.€50 million plansWe are also seeing more government support week. For instance, the uk is* that is( into biotechnology, particularly around food. The European Union has its own* that is( to measure accuracy fermentation, while Aleph Farms ended up being approved regulating endorsement in Israel for the cultivated animal meat.(*)

About Author /