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Image Credits:Kost Capital / Bodil Sidén, general partner at Kost Capital
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Image Credits:Kost Capital / Bodil Sidén, general partner at Kost Capital
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Kost Capital , a newfangled Danish speculation capital investment company , is out to bring good food to more people .
Kost means “ dieting ” in the Norse speech , but it will most likely be hard to stick around to one while working there . That ’s because Kost Capital shares blank with Kost Studio , a food development studio apartment that doubles as a test kitchen for university and markets to collaborate and grow novel intellectual nourishment products .
General partner Bodil Sidén , who start out the firm with LPs Kasper Hulthin , Christian Tang - Jespersen , Mark Emil Hermansen and Jacob Lee Ørnstrand , go down to say how much of the € 25 million was raised so far , but did say angel let in Danish sovereign investment company EIFO and Kost ’s founding limited partners .
Kost Capital invests in pre - seed and seed startups across Europe , focalise on B2B input in the future tense of solid food . It has already made three investments : Estonian palm oil color replacement troupe Äio , Numi , a Gallic infant pattern fellowship and Danish factor fellowship Nutrumami .
A $ 58 M circle for this European Mycelium startup shows the technical school is on the cusp of grownup things
Sidén ’s journeying to venture capital started in a quite unique property . She was in Swedish politics as a fellow member of the Moderates ’ national party board , a press secretary to the Fredrik Reinfeldt government and worked for the Swedish ministers .
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“ I ’ve always been very passionate about societal variety — my parents are migratory teachers , so I ’ve always been very much exposed to justness and global issues , ” Sidén told TechCrunch . “ Then I join the man of technical school , working on communications in the Nordics for Uber where I hear everything about gravid technical school and how you scale technical school troupe and market place from a local setting . ”
She then partner with Kamjar Hahabdolahi and Erik Halvord to shape blq invest , a venture uppercase fund in Stockholm that did hands - on company building , for example work with technical companies that lacked a agency to commercialize .
After two funds , Sidén arrive into contact with the investors behind Kost , who were front for a general partner to help build a platform and put strategy . That ’s what they have been doing for the retiring year with the help of senior associate Paul Archambeau , she said .
Aleph Farms ’ cultivated gripe operation receive blessing from Israeli governing
Kost ’s investment funds thesis takes a nod from Sidén ’s political origins and from the whimsey that food is powered by the bioeconomy . Acknowledging a growing universe , clime change , food thriftlessness , health issues and policy change , Sidén says more funding for food tech is needed .
“ Looking at the five come twelvemonth , all macrotrends speak for it , and it ’s so under invested , ” she said . “ If you look at where the money has gone , it ’s really like logistics and stain and not even food for thought . It ’s a monumental opportunity , and hopefully also generalist VCs will amount back into the blank . They took a few hits in the beginning with a lot of B2C , and it was toilsome to assess different types of business role model , but I think that might deepen now . ”
That pronounce , one of Sidén ’s milestone is for Kost to “ be the in effect conscientious objector - investor in Europe ” with food tech and generalist investor looking for a firm with scale - up expertness and food - specialized power .
Meanwhile , food tech is having a moment in Europe . Not only are we seeing larger - than - average investiture being made , for example , intoInfinite Roots , which makes proteins from mycelium , but more funds are being raised , as well . This workweek , Eatable Adventures , an catalyst helping to create and brook nutrient tech in Spain and Italy , said itclosed on half of a € 30 million investment vehiclecalled Europe Foodtech Acceleration Fund I SCSp .
We are also seeing more politics funding . For example , the United Kingdom issinking £ 2 billioninto biotechnology , peculiarly around intellectual nourishment . The European Union has its own€50 million plansto scale precision fermenting , whileAleph Farmswas concede regulatory commendation in Israel for its cultivated meat .
4 investor talk over the next big wave for substitute seafood startups
