October 19, 2021
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As global sustainability to be overtaking personal health as consumersâ biggest concern, Atlantic Food Labs relaunches as , with a dedicated âŹ100 million food tech fund for investment in food, health and sustainability startups.
âThe food industry is the largest industry in the world, and it accounts for more than a quarter of greenhouse emissions globallyâ
An offshoot of the Berlin fund Atlantic Labs, and headed by tech investor Christophe Maire, the âŹ100 million Early-Stage fund aims to help European innovators achieve a paradigm shift in the world of food production.
Over the last five years, the VC organization has been building and investing in fast-growth companies with positive sustainability impacts, including and Formo. With its new Food Fund, the brand claims to be âdoubling downâ on these efforts. Berlin-based alt dairy startup Formo recently Series A funding round â a record for a European food tech.
Great Momentum in Europe
Looking to invest in disruptors along the entire value chain of the food industry, FoodLabs identifies the current food system as; âMessy, wasteful and unsustainableâ. At present, there is great momentum in the European food tech ecosystem, with VC firm Five Seasons Ventures also a âŹ180 million impact fund for sustainable food tech.
âThe food industry is the largest industry in the world, and it accounts for more than a quarter of greenhouse emissions globally. Transforming how we produce and consume food toward more efficiency and sustainability has a major impact on the planet and people. We strongly believe that technology and entrepreneurship hold the key to tackling the key challenges of our time,â Christophe Maire told .
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Source: Vegconomist.com