Luxembourg-based PeakBridge has raised $187 million to invest in agriculture and food companies that are leveraging AI and digitalization to drive healthy and sustainable food systems, and “serve as a bridge between the old food industry and the new technology,” as PeakBridge’s Nadav Berger put it.
The venture capital fund will write about a dozen Series A and B checks of about $10 million, with a focus on alternative protein, nutrition and health, ingredient innovation and reimaging food and farming systems. Portfolio companies include UK-based Win Win, which makes cocoa-less chocolate and processes discarded seeds into oils and pulp for alternative dairy products and cosmetics.
Five portfolio companies, including Delicious Data, Tastewise and Orbisk, are using AI to reduce food waste. The fund is anchored by the family-owned investment house Edmond de Rothschild Private Equity. Other LPs include Lukas Walton’s Builders Vision and food companies such as Grupo Bimbo, Royal Cosun and Arancia.
Impact management
PeakBridge will invest in alignment with five of the UN’s 17 sustainable development goals, including zero hunger, gender equality, good health and welling, and responsible consumption and production.
With its sustainability objectives, PeakBridge operates as an Article 9 fund under Europe’s Sustainable Finance Disclosure Regulation, or SFDR (see, “Is Europe’s Sustainable Finance Disclosure Regulation delivering on its promise?”). The fundraise brings PeakBridge’s total assets under management to $250 million.
