Erik Amundson’s Post

We are delighted to announce that Eatron has secured a multi-million dollar investment that will help to accelerate our global growth and establish partnerships with other international companies that share our vision and passion for AI-powered intelligent software platforms for batteries. 🚀💼 The funding round was led by LG Technology Ventures with repeat investment from MMC Ventures, who led our first funding round. 100th Year Venture Capital and the Türkiye Development Fund also contributed to the double-digit million dollar investment. 💰🌐 Against such a challenging financial environment where attracting investment is harder than ever, we are proud that our engineering leadership and pioneering product portfolio has attracted such significant funding and interest. 👏 Eatron will continue to play a key role in the exciting transformation of the automotive industry and urban mobility for achieving sustainable mobility for all by unlocking the full potential of batteries via intelligent software. Here's to the development of increasingly advanced, safer and sustainable batteries that will help achieve a net-zero future.  🌍🔋 For the full story, please read the press release here https://lnkd.in/eGWrKyW6 📰 #Investment #Funding #AutomotiveInnovation #AI #BMS #SoftwareDefinedVehicles #IndustryLeading

Few Stats that blow my mind 😎 With 32.1 M$ capital, founders have generated 612 M$ Value from Exit or M&A🚀 that too in 5.5 years avg. We are doing an in-depth analysis of an Industry for Food Seed Tech Accelerator 🌏 Follow us :) #agritech #foodtech #vcfunds Data by analyzing 5100 funded companies :)

No beats, just bites! 🎧🍽️ As the #ADE crowd clears out, it's time for the food-tech innovators to take over Amsterdam! Our venture partner Tijl Hoefnagels will be stepping into the spotlight at the The Future of Protein Production event, joining the panel at the Food-Tech Lightning Pitch Session. Tijl will be joined by Claire Smith (Beyond Impact VC) and Floor Buitelaar (Bright Green Partners) to hear bold pitches from food-tech startups and tackle some key questions: 💸 Price Parity is Everything – Will consumers pay more for sustainable proteins, or is cost control the real key to scaling? 📜 Regulation: Friend or Foe? – Are new rules like the Green Deal empowering growth or holding things back? 👥 Building Strong Teams – How are startups managing fast growth while keeping their teams strong? If you're attending and up for a chat, drop us or Tijl a DM – let's share a protein bar and talk about the future of food-tech! 🍫🚀 #impact #impactinvesting #food #tech #agri #foodinnovation

We are very delighted to announce the launch of The Mills Fabrica's 2023 Impact Report ! Outlining our innovation framework, the Impact Report is a vital gateway that gives access to the public and audiences a thorough guide on how we structure our impact and innovation landscape across our diverse business streams, ranging from our VC investment fund, startups incubation program, global innovation challenge program and partnerships, all the while embedding sustainability metrics for impact evaluation. As we strive towards creating a more sustainable future spanning across both #Techstyle and #Agrifood tracks, we are leveraging our resources and network to cultivate a more sustainable and promising future on all fronts, with our best efforts. Download the Impact Report here: https://bit.ly/3XzmbB0 #TheMillsFabrica #NanFungGroup #Techstyle #Agrifood #Innovations

It’s been a grim couple of years for foodtech investment, with the whole segment, fairly or unfairly, often judged by the performance of some high-profile alt protein players that have burned through huge amounts of money with little to show for it. So where do we go from here? What we need, argued Mary McCarthy at Sofinnova Partners at last week's Future Food-Tech conference in London, "is exits… not only for food, but for agriculture, because what has happened is all the capital is stuck where it is, so our LPS cannot reinvest…" The challenge, said James Caffyn at Lever VC, is that “Most of the capital that came into the space in 2021, 2022, was generalist capital, and a lot of it lost money, and therefore those people are not going to come back until there is more proof that you can make money from the space. “We’ve seen a few exits, but we haven’t seen many where the acquirer or the public via an IPO have been successful.” That said, there is “no lack of quality deal flow out there and still quite some dry powder as well,” said Laurent Vermer, partner at Kharis Capital, who noted that that the funding winter currently engulfing the agrifoodtech sector won’t last forever. “It’s a period of cleansing and resetting after some excess, and from my point of view, there are signs that we’re moving towards spring, but it’s going to be a long spring, and I’m not sure the summer will be as lush as the previous one.” Thanks also to Andrew D Ive at Big Idea Ventures for chatting with me on camera at the sidelines of the event on everything from where we are in the current downcycle to who will fund #cultivatedmeat (check out our video tomorrow for this particular segment of the chat)... Read the full article here via AgFunder News: https://shorturl.at/0fxad #foodtech #foodtechinvesting #innovation #foodinnovation #investing Future Food-Tech Rethink Events

Interesting article on headwinds and tailwinds in #FoodTech investing.

Gautam Godhwani shares his perspectives on the current state of the alternative protein industry and provides insights on Good Startup's investment strategy in this article from Protein Production Technology International #alternativeproteins #sustainability #vc

🥳 Great News from PeakBridge!! PeakBridge successfully closed their early growth fund, Growth Fund II, at a robust $187M, pushing their total assets under management past $250M. 🚀 Despite market fluctuations, their fund not only met but surpassed the ambitious target set two years ago. The successful funding round saw participation from leading global food and beverage companies like Royal Cosun. 🌟 From the words of Founding General Partner, Erich Sieber: “We are incredibly proud of the diverse support from global leaders in the food industry and dedicated financial investors. This collaborative effort is pivotal for transforming the food system and enhancing value in our portfolio.” 🔎  Growth Fund II focuses on advancing sectors such as alternative proteins, digitalization of food systems, and sustainable agriculture practices. The fund's strategic investments are poised to not only enhance food production efficiencies but also contribute to substantial environmental and social impacts. The future looks bright for impactful changes in the food system! 😊 Read more about this here 👉 https://lnkd.in/eq4z_NdX #venturecapital #foodtech #agrifood #innovation #growthfund #sustainableinvesting #investing

🌱 With clickbait headlines proclaiming the death of cultivated meat, and some vegan brands closing, what is the real situation with regard to the funding and development of the alternatives protein industry? 💰 Louise Davis speaks with 10 financial experts to get a definitive answer. 💡 This talking heads article features Gautam Godhwani, Managing Partner of Good Startup, Claire Smith, CEO of Beyond Investing, Bastiaan Gielink, Senior Investment Manager, Invest-NL, Lissy Smit, CEO of Aqua-Spark, Yoni Glickman, Managing Partner of FoodSparks by PeakBridge, Jan Christoph Gras, Co-founder & General Partner, Planet A Ventures, Nick Cooney, Founder & Managing Partner, Lever VC, pieter wolters, Managing Director of dsm-firmenich Venturing, and Trevor Sieck, Startup Engagament at Foodbytes by Rabobank. 👏 Thank you all for sharing your insights! Don't miss out on this must-read article on the future of alternative proteins. Hint: it's not all doom and gloom! Read the full article here: https://hubs.ly/Q02t7Qk00 #alternativeproteins #foodtech #funding #innovation #sustainability #futureoffood

Agrifoodtech investor PeakBridge has closed its Growth Fund II at $187m, targeting series A and B stage startups in five categories: ingredients innovation, alt protein technologies, digitalization and food systems 4.0, nutrition & health, and alternate farming systems. While it is a challenging time to raise money, founding general partner Nadav Berger says PeakBridge has “always been incredibly disciplined in our investment thesis. We invest in b2b, scalable, protected technologies. We never got into the b2c plant-based hype, but if we can invest in technologies that will make meat and dairy alternatives cleaner, tastier, or with better texture, this is where we want to play.” Peakbridge remains focused on the five ‘pillar’ categories listed above, adds Berger, “But we see a shift in the proportions within those five pillars, and the one attracting more and more investment is digitalization and the intersection of AI and food. We have at least six companies that are heavily supported by AI now.” #Peakbridge #foodtech #agrifoodtech #funding #investing #artificialintelligence #AI AgFunder