Swiss private equity firm Edmond de Rothschild and food tech investment group Peakbridge VC have joined together to support food tech start-ups in their early growth stages with a €250M investment.
The new partnership will help to grow Peakbridge’s investment platform further, and financially support innovative foodtech companies with sustainability and social change goals.
CEO of the Edmond de Rothschild Private Equity, Johnny El Hachem commented: “This partnership, with a professional Agri-FoodTech fund manager whose strategy and positioning are close to our DNA, demonstrates our desire to constantly improve our offering and further our impact in critical industries such as food and agriculture.
“We have strong confidence that together with PeakBridge we can create a long-lasting impact on systematic social and environmental challenges globally.”
PeakBridge’s founding general partner Erich Sieber told Private Equity News, that between $3-$5M will be invested in food tech start-ups in Europe, North America and Israel, with the remainder of the money being saved for follow-up funding.
The partnership will also help start-ups in Europe with their global expansion, including into North America.
The investment aims to support five areas: ingredient innovation, digitisation, alternative proteins, farming tech and nutrition and health, according to Sieber.
Nadav Berger, General Partner of PeakBridge also noted: “The food industry has significant impact on both human and planet health.
“Through this cooperation we will strengthen our ability to support companies and entrepreneurs who positively impact the critical transition we require,” he added.