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Five Seasons Ventures

Europe, Ile-de-France, France, Paris

Description

Five Seasons Ventures, originally established as a pioneering European venture capital fund focused on the food industry, has since rebranded and evolved into Astanor Ventures. Based in Paris, France, the firm maintains its core mission of addressing global challenges within the food and agriculture system through strategic investments in innovative AgriFoodTech companies. Their transformation reflects a deepened commitment to impact investing, aiming to foster a more sustainable, healthy, and equitable food future.

Astanor Ventures operates with a clear impact-driven investment thesis, targeting companies that are developing disruptive solutions across the entire food value chain. Their focus areas include sustainable agriculture, alternative proteins, circular economy models, food waste reduction, and technologies that enhance food safety and nutrition. The firm seeks out entrepreneurs who are not only building scalable businesses but also generating significant positive environmental and social impact. This holistic approach underpins their investment decisions, ensuring alignment with global sustainability goals.

The firm has demonstrated substantial financial backing for its mission, successfully raising significant capital across multiple funds. Their first fund, Five Seasons Ventures Fund I, closed at €180 million, establishing their presence in the European food tech landscape. Building on this success, Astanor Ventures Fund II further solidified their position, closing at an impressive €325 million. These substantial capital pools enable them to provide robust financial support to their portfolio companies. Typically, Astanor Ventures participates in Series A and Series B funding rounds, with initial cheque sizes generally ranging from €5 million to €20 million, depending on the stage and capital requirements of the target company.

Astanor Ventures has emerged as a leading player in the global AgriFoodTech investment landscape. Their deep sector expertise, combined with a strong network and a commitment to long-term value creation, positions them as a preferred partner for entrepreneurs aiming to revolutionize the food system. Their portfolio showcases a diverse range of innovative companies, reflecting their broad yet focused investment scope within the critical sector of food and agriculture.

Investor Profile

Five Seasons Ventures has backed more than 32 startups, with 4 new investments in the last 12 months alone. The firm has led 15 rounds, about 47% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in Germany, United Kingdom, France.
  • Strong thematic focus on Food and Beverage, Food Processing, E-Commerce.
  • Led 1 rounds in the past year.
  • Typical check size: $5.4M – $21.6M.

Stage Focus

  • Series A (38%)
  • Series B (31%)
  • Seed (9%)
  • Series C (9%)
  • Series Unknown (6%)
  • Series D (3%)
  • Equity Crowdfunding (3%)

Country Focus

  • Germany (41%)
  • United Kingdom (38%)
  • France (9%)
  • Italy (6%)
  • Switzerland (3%)
  • Portugal (3%)

Industry Focus

  • Food And Beverage
  • Food Processing
  • E-commerce
  • Pet
  • Organic Food
  • Nutrition
  • Alternative Protein
  • Organic
  • Subscription Service
  • Consumer Goods
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Five Seasons Ventures frequently co-invest with?

BACKED VC
Europe, England, United Kingdom, London
Co-Investments: 3
Aliment Capital
North America, California, United States, Santa Monica
Co-Investments: 2
PepsiCo
North America, New York, United States, Purchase
Co-Investments: 2
Ippen Media
Europe, Bayern, Germany, Munich
Co-Investments: 2
White Star Capital
North America, New York, United States, New York
Co-Investments: 3
Bits x Bites
Asia, Shanghai, China, Shanghai
Co-Investments: 2
Redrice Ventures
Europe, England, United Kingdom, London
Co-Investments: 2
Coefficient Capital
North America, New York, United States, New York
Co-Investments: 3
HV Capital
Europe, Bayern, Germany, Munich
Co-Investments: 3
New Ground Ventures
North America, Connecticut, United States, Westport
Co-Investments: 2

Which angels does Five Seasons Ventures often collaborate with?

AB
Europe, Birmingham, United Kingdom, Sutton Coldfield
Shared Deals: 1
AG
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
FR
Europe, England, United Kingdom
Shared Deals: 1
FR
Europe, Bayern, Germany, Munich
Shared Deals: 1
MG
Europe, Grad Sofiya, Bulgaria, German
Shared Deals: 1
NR
Europe, Monaco, Monaco
Shared Deals: 1
TM
Europe, Germany
Shared Deals: 1
CS
Europe, Italy
Shared Deals: 1

What are some of recent deals done by Five Seasons Ventures?

HEY HOLY

Mannheim, Baden-Wurttemberg, Germany

HEY HOLY offers breed-specific dog food subscriptions - because one-size-fits-all doesn’t work for the world’s most diverse species.

B2CHealth CarePet
Series AJul 16, 2025
Amount Raised: $6,622,455
Puresport

London, England, United Kingdom

Puresport is a medical cannabis and smart medicine business.

Consumer GoodsFitnessMedicalService IndustryWellness
Series UnknownApr 23, 2025
Amount Raised: $4,784,199
Untamed

London, England, United Kingdom

Untamed provides cat foods.

DeliveryPet
Series BApr 8, 2025
Amount Raised: $12,776,908
KoRo

Berlin, Berlin, Germany

KoRo is a food and beverage company that offers a range of products from natural foods to clean-label snacks and functional foods.

Food and BeverageFood ProcessingRetailSnack Food
Series CNov 20, 2024
Amount Raised: $36,910,292
ARTAH

London, England, United Kingdom

ARTAH manufactures supplements like vitamins, minerals, phytonutrients, and botanicals.

Dietary SupplementsWellness
SeedOct 28, 2024
Amount Raised: $3,762,642
La Fourche

La Courneuve, Ile-de-France, France

BtC subscription-based platform offering up to 50% discounts on everyday organic products.

Internet
Series BOct 18, 2023
Amount Raised: $9,350,000
Mammaly

Köln, Nordrhein-Westfalen, Germany

Mammaly, a pet health startup that develops a range of snacks specifically targeting and helping reduce the severity of aging dog issues.

Animal FeedHealth CarePet
Series ASep 13, 2023
Amount Raised: $15,026,135
KoRo

Berlin, Berlin, Germany

KoRo is a D2C FoodTech startup with a focus on making healthy and long-lasting food.

Food and BeverageFood DeliveryFood ProcessingInformation Technology
Series BApr 20, 2023
Amount Raised: $25,225,798
THIS

London, England, United Kingdom

THIS is a plant-based product brand that provides alternative meat products.

Alternative ProteinFood and BeverageFood ProcessingOrganicOrganic Food
Series BMar 7, 2023
Amount Raised: $11,827,055
KoRo

Berlin, Berlin, Germany

KoRo is a D2C FoodTech startup with a focus on making healthy and long-lasting food.

Food and BeverageFood DeliveryFood ProcessingInformation Technology
Series BMar 16, 2022
Amount Raised: $55,108,442