Ahead of Rockstart’s first AgriFood Demo Day, which will be hosted in Copenhagen on the 30th January 2020, the company has closed a new investment in their AgriFood fund and taking the total capital under management to over €18million.
The fund invests internationally in early-stage AgriFood tech startups, has announced the first 10 investments in September 2019 at the outset of their Copenhagen based AgriFood accelerator program.
Following the initial program investment, the fund will be used to back portfolio companies, with some startups receiving funding up to Series B.With the addition of new investors, the fund is now backed by investors across 7 countries.
Alongside anchor investors The Danish Growth Fund and De Hoge Dennen Capital, the fund has a mix of investors from family offices, C/VCs, and high net worth individuals spanning from Denmark, Netherlands, UK, Germany, Sweden, Switzerland, and Belgium.
Rockstart CEO, Rune Theill, said:
Following an initial program investment, we seek to co-invest in future rounds, ideally alongside our investors and syndication partners. This is a great driver for collaboration, and the international nature of the Rockstart network helps us drive opportunities for the startups.
Rockstart looks to create access for startups to capital, market, expertise, and community.
Mark Durno, the Managing Partner of the fund, said:
In the midst of the climate emergency, driving positive change in our food supply system is one of the most impactful things we can do. How we produce, process, package, distribute, consume food – even how we understand food – is ripe for improvement and represents a massive opportunity.
The current batch of AgriFood tech startups hails from 6 countries. Presenting at the event will be Beyond Leather Materials, Agranimo, ChefMe, Vultus, Nordetect, Miils, KrishiHub, Wenda, Raahandel, and Tractor Junction.
Main image credits: Rockstart
Stay tuned to Silicon Canals for more European technology news