ImpactAlpha, October 7 — Investors deployed €3 billion in European food tech ventures last year. “There are lots of companies that have raised good money and have grown really fast,” Five Seasons’ Niccolo Manzoni told TechCrunch.
Five Seasons’ early-stage fund will back impact-focused foodtech startups in Europe. The firm has backed 14 foodtech companies in Germany, France, Italy, Portugal, Switzerland and the U.K.
Its latest investments include plant-based snacks maker The Nu Company and vly, which uses pea protein for a milk alternative.
While working at a European family office, Manzoni was an early investor in foodtech giants and rivals Impossible Foods and Beyond Meat.