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05 Oct 2021 — Eatable Adventures’ newly launched €50 million (US$58 million) fund, Eatable Evolution Fund FCR I, is hailed as the biggest fund of its variety in Spain and one of many high three most energetic in Europe.
The financing automobile is concentrating on early and growth-stage start-ups in agri-food tech throughout Europe and Latin America.
Eatable Adventures has already launched greater than ten accelerator and incubator packages, whereas collaborating as an advisor on open innovation for main world food firms.
“Thanks to Eatable Evolution Fund we will have an even more impactful contribution to the future of the food industry,” remarks José Luis Cabañero, CEO of Eatable Adventures.
Eatable Adventures’ beforehand launched accelerator program has scaled hyper-realistic steak. (Credit: Cocuus)Start-up funding surges
The fund’s launch arrives as the worldwide food-tech scene demonstrates a formidable progress. According to Agfunder, within the first half of 2021, start-ups have globally raised US$24 billion, getting very near the entire for all of 2020.
Eatable Adventures’ newest accelerator program, Spain Foodtech, included a various portfolio of start-ups starting from upstream applied sciences just like the hyper-realistic 3D printed plant-based steak of Cocuus, to the protein creation by fermentation of MOA foodtech.
It has additionally scaled the mycelium based mostly burgers of Innomy, vertical farming of H2hydroponics, and downstream options like Proppos’ AI and pc imaginative and prescient for unattended Point of Sale in foodservice.
The outcomes of this cohort have demonstrated nearly a double digit progress in worth in solely six months, highlights Eatable Adventures.
Earlier this yr, Eatable Adventures additionally lent its assist to the Mylkcubator program, which is tipped as the primary world incubation program for mobile agriculture applied sciences within the dairy trade.
Scaling potential
The upcoming start-ups taking part within the subsequent cohort of Eatable Evolution Fund FCR I’ll have entry to the Eatable Adventures’ hands-on methodology, with a group devoted to bettering their enterprise fashions, path to market technique and industrial scaling.
The corporations may also be given steerage in showcasing their merchandise and options to massive industrial companions.
The fund is at present pending approval by the Comisión Nacional del Mercado de Valores (Spanish Securities Market Commission).
The administration firm will likely be Abante Asesores Gestión SGIIC, a monetary establishment overseeing the administration and administration of personal fairness automobiles with greater than €1.2 billion euros underneath administration in these automobiles.
By Benjamin Ferrer
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