Amsterdam-based Pymwymic, an impact investment firm, announced on Tuesday, April 25, that major institutional investors Invest-NL, Oost NL, and Invest International has joined its Healthy Food Systems Impact Fund II.
With a joint investment of €20M, the fund has reached its second close at €48M, and is expected to reach a final close of €60M later this year.
The fund aims to support changemakers who are working towards transforming the food system for a better world.
Rogier Pieterse, Pymwymic’s Managing Partner says, “We are very proud of the confidence these three major investors have expressed in Pymwymic; their investment makes it possible for us to realise our mission to accelerate the transition to a more sustainable food system.”
The new fund will invest in AgriFood startups that use innovative technologies to contribute to making the food chain more sustainable.
Potential investments include new ways to improve sustainable and local farming, digital platforms supporting a more efficient and shorter supply chain, or data-driven production methods ensuring better soil quality.
Invest-NL, Oost NL, and Invest International share Pymwymic’s vision for a sustainable food system and are convinced that innovative startups and scale-ups from the Netherlands will play an essential role in solving these challenges, both in the Netherlands and globally.
Pymwymic: Put Your Money Where Your Meaning Is Community
Pymwymic (Put Your Money Where Your Meaning Is Community) is a co-owned organisation of European wealth holders.
The community consists of over 150 individuals, families, entrepreneurs, and angel investors of different backgrounds, ages, and nationalities.
In 2017, Pymwymic Cooperative launched its Healthy Ecosystems Impact Fund I, which was joined by Van Lanschot Kempen.
The fund, which aimed to preserve and restore ecosystems, closed in early 2021 with nine portfolio companies building solutions for a better future.
Pymwymic is now investing through the Healthy Food Systems Impact Fund II, which supports entrepreneurs who are transforming the food system from farm to fork.
Nicolaas Heij, Invest-NL Senior Investment Manager, says, “Pymwymic has shown it can contribute substantially to making the food chain more sustainable. By providing capital for early phase investments in the Dutch AgriFood sector they align with our investment strategy to speed up the transition towards a carbon neutral and circular economy.”
Chimwemwe de Gaay Fortman, Oost NL Director Capital, says, “Pymwymic’s fund aligns with the mission of Oost NL and by investing, we attract capital and knowledge to our region. This way, innovative food companies can accelerate their development to contribute to a sustainable and healthy food chain.”
Eelco Benink, Invest International Head of Equity, says, “Making the agricultural food system more sustainable and nature inclusive is one of the main goals of Invest International’s AgriFood strategy. Investing in Pymwymic helps drive important change in the food system, also in emerging markets where this is needed most. An excellent example of Dutch Solutions for Global Challenges.”
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