Successful Alternative Protein Fund First Close Announced for New Protein Fund II by Big Idea Ventures
- Big Idea Ventures , the world’s most active food-tech investor, has made a first close for its New Protein Fund II (NPF II) based on the performance of New Protein Fund I (NPF I).
- With their second alternative protein fund, New Protein Fund II, Big Idea Ventures will continue to invest in the best alternative protein and ingredients startups around the world, consolidating their position as the global leader in alternative protein technologies.
- The fund made its first close in May and aims to close the targeted $75M within the next 12 months.
AAK, a multi-oil ingredient house specialized in plant-based vegetable oils and fats, and Bühler, a solution partner for the food processing industry, have joined other investors for the initial funding round. Both companies also invested in Big Idea Ventures’ first fund.
Big Idea Ventures is expanding its investment portfolio by including companies that focus on alternative ingredients and impactful food. It also will maintain its current investment thesis in alternative protein innovators by investing in the best plant-based, cell-based and fermentation-enabled alternative protein companies around the world.
Founder Andrew D. Ive said: “With NPF I, we found and worked with companies we believe will become leaders in the alternative protein category. NPF II enables us to bring even more innovators with fantastic innovations and teams in our portfolio. Our mission is to solve the world’s biggest challenges by supporting the world’s best entrepreneurs, scientists and engineers.”
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