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Nordic Foodtech VC

Europe, Southern Finland, Finland, Helsinki

Description

Nordic Foodtech VC is a Helsinki-based venture capital firm dedicated to fostering innovation within the deep foodtech sector across the Nordic and Baltic regions. The firm's core mission revolves around backing ambitious founders who are developing solutions to build a more sustainable and healthy global food system. Their investment thesis is centered on leveraging scientific and technological advancements to address critical challenges in food production, distribution, and consumption, aiming to transform the entire food value chain.

The firm primarily targets pre-seed and seed-stage startups, indicating a preference for early-stage companies with high growth potential. Nordic Foodtech VC typically provides an initial investment ticket size ranging from €200,000 to €800,000. This strategic early-stage focus allows them to engage with companies at a foundational level, providing not just capital but also strategic guidance. Furthermore, the firm has the capacity to support its portfolio companies through subsequent funding rounds, with the ability to follow on with up to €2 million in later stages, demonstrating a commitment to long-term partnership.

With a fund size of €42 million, Nordic Foodtech VC is well-positioned to make significant contributions to the burgeoning deep foodtech ecosystem. Their investment scope is broad yet focused, encompassing areas such as cellular agriculture, alternative proteins, precision fermentation, sustainable agriculture practices, food waste reduction technologies, and personalized nutrition solutions. They seek out deep tech innovations that promise to transform the food system from "soil to gut," emphasizing solutions that are both scalable and impactful. The firm's regional focus on the Nordics and Baltics leverages the strong scientific and entrepreneurial talent pool present in these areas, aiming to cultivate a new generation of food system innovators.

Investor Profile

Nordic Foodtech VC has backed more than 27 startups, with 4 new investments in the last 12 months alone. The firm has led 15 rounds, about 56% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in Finland, Denmark, Sweden.
  • Strong thematic focus on Biotechnology, Food and Beverage, Life Science.
  • Led 3 rounds in the past year.
  • Typical check size: $216K – $864K.

Stage Focus

  • Seed (52%)
  • Series A (19%)
  • Pre Seed (15%)
  • Series Unknown (11%)
  • Series B (4%)

Country Focus

  • Finland (56%)
  • Denmark (22%)
  • Sweden (11%)
  • Estonia (11%)

Industry Focus

  • Biotechnology
  • Food And Beverage
  • Life Science
  • Chemical
  • Chemical Engineering
  • Analytics
  • Artificial Intelligence (Ai)
  • Satellite Communication
  • Food Processing
  • Animal Feed
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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 Nordic Foodtech VC frequently co-invest with?

Vaekstfonden
Europe, Hovedstaden, Denmark, Hellerup
Co-Investments: 3
Chalmers Ventures AB
Europe, Vastra Gotaland, Sweden, Göteborg
Co-Investments: 2
PINC
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 3
Thia Ventures
Europe, Geneve, Switzerland, Genève
Co-Investments: 3
Symrise
Europe, Niedersachsen, Germany, Holzminden
Co-Investments: 2
Novo Holdings
Europe, Hovedstaden, Denmark, Hellerup
Co-Investments: 3
Export and Investment Fund
Europe, Hovedstaden, Denmark, Hellerup
Co-Investments: 3
Voima Ventures
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 8
Blue Horizon Corporation
Europe, Zurich, Switzerland, Zürich
Co-Investments: 2
NI
North America, Wisconsin, United States, Belgium
Co-Investments: 2

Which angels does Nordic Foodtech VC often collaborate with?

AS
Europe, Zurich, Switzerland, Zürich
Shared Deals: 1
GC
Europe, Emilia-Romagna, Italy, Parma
Shared Deals: 2

What are some of recent deals done by Nordic Foodtech VC?

Fiberdom

Vantaa, Southern Finland, Finland

Fiberdom is a finnish materials innovation company that offers plastic-free, recyclable,and compostable materials for cutlery and packaging.

Packaging ServicesRecyclingWood Processing
Series UnknownApr 1, 2025
Amount Raised: $3,789,852
Endless Food

Copenhagen, Hovedstaden, Denmark

Endless Food is a food innovation firm focusing on the junction of pleasure and sustainability.

Food and BeverageFood ProcessingRetail
Pre SeedDec 6, 2024
Amount Raised: $1,057,562
Happy Plant Protein

Sundsberg, Southern Finland, Finland

Happy Plant Protein develops a plant protein technology.

Food and BeveragePlant-Based Foods
Pre SeedNov 12, 2024
Amount Raised: $1,910,994
ÄIO

Tallinn, Harjumaa, Estonia

ÄIO develops sustainable alternatives to animal fats, palm and coconut oil.

Animal FeedBiotechnologyCosmeticsFood and Beverage
Series ASep 24, 2024
Amount Raised: $6,826,573
EvodiaBio

Copenhagen, Hovedstaden, Denmark

EvodiaBio is a bio-industrial firm that creates natural, sustainable scents for the food and beverage industries.

Biotechnology
Series AJun 7, 2024
Amount Raised: $7,299,092
Enifer

Espoo, Southern Finland, Finland

Enifer is a mycoprotein company that produces a fungal fermentation product to upcycle agrifood industry byproducts.

BiotechnologyFood and BeverageLife Science
Series BMay 23, 2024
Amount Raised: $16,217,601
NPHarvest

Espoo, Southern Finland, Finland

NPHarvest is a company with expertise in organic waste management, wastewater treatment, and nutrient recovery.

Life ScienceWaste ManagementWater
SeedApr 17, 2024
Amount Raised: $1,386,988
Ironic Biotech

Furulund, Skane Lan, Sweden

Ironic Biotech is a biotech company that develops specific and effective remedies for iron deficiency and other health conditions.

BiotechnologyMedical
Pre SeedApr 4, 2024
Amount Raised: $1,083,657
Kuva Space

Espoo, Southern Finland, Finland

Smarter data for a stronger planet

AnalyticsArtificial Intelligence (AI)Satellite Communication
Series ANov 2, 2023
Amount Raised: $17,622,081
PaRAS Aqua

Laukaa, Western Finland, Finland

PaRAS Aqua is an aquafarming company that offers solutions for partial air-driven recirculating fish farming.

AquacultureFarming
SeedOct 11, 2023