Utrecht-based Future Food Fund II (FFF II), an agrifoodtech environmental impact investor, closes its funding at €40M, backed by impact-driven entrepreneurs and the European Investment Fund (EIF).
FFF II claims to have played a significant role in reshaping food and agriculture systems by investing in Seed & Serie-A companies in Western Europe.
The fund focuses on transformative initiatives in areas such as regenerative agriculture, zero-impact foods, and circular systems. This strategy aligns with FFF II’s mission to contribute to a sustainable future and address the impact of climate change.
Peter Arensman, Founding Partner of FFF II says, “Future Food Fund II is more than an investment vehicle; it’s a catalyst for change. We are not just investing in companies; we are investing in a brighter future for our planet.”
“We are grateful to have such a strong base of entrepreneurs who have continued to support us since our inception, and we are equally appreciative of the commitment from our valued partners both in the Netherlands and across Europe,” adds Arensman.
Investors supporting the fund
In its final closing, FFF II secured a commitment of €20M from The European Investment Fund, backed by the InvestEU programme of the European Commission, Risk Capital Resources, and the Dutch Future Fund.
EIF Chief Executive Marjut Falkstedt, says, “The EIF, as part of the EIB Group, works to mitigate climate change through its investments.”
“FFF II supports this European vision for a sustainable future by investing in ground-breaking ventures that prioritise environmental sustainability. A more resilient and eco-friendly food system benefits all EU citizens, and we’re happy to support this.”
FFF II has already invested in startups, including EV Biotech, a precision fermentation specialist, and Extracellular, a scale-up and development partner for cultivated meat. The fund anticipates expanding its portfolio further in 2024.
The fund has also strengthened its partnerships with key Dutch entities, including Wageningen University & Research (WUR), Oost NL, and the Northern Netherlands development agency NOM. These collaborations highlight the Netherlands’ leadership in agrifoodtech and sustainability.
Brief About Future Food Fund
Future Food Fund, founded in 2017, is a specialised agrifoodtech venture capital fund. The initial fund supported 10 Dutch food and agri startups, including NoPalm, Soilwise, and Sensoterra.
The second fund, operating as an impact fund (SFDR 9), focuses on investing in Seed and Serie-A companies in Western Europe within the food and agriculture sector.
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