Five Seasons raises €180m for food tech

Five Seasons, Europe’s “first VC to focus on Food Tech in Europe”, has closed its second food technology impact fund at €180 million. It closed its first food technology vehicle at €77 million in 2018.

Fund II has made four investments, including her1, a female wellness supplements company, and Vly, a plant-based milk company. The venture capital firm invests in European consumer-focused food technology companies “that make healthier and cleaner products, that are manufactured and packaged more sustainably, with shorter supply chains and fewer emissions”, co-founder Niccolò Manzoni said in a statement.

The first fund’s investments generated 20x revenue growth in four years and aggregate revenue of €350 million, Five Seasons reported in the statement.