Astonor Ventures, an impact investor in the food and agribusiness space, has closed its second fund on €360 million, the firm said this week (press release here). Fund II is marginally larger than Fund I, which closed on €325 million in 2020.
“The continuous engagement of large family offices and institutional ‘repeat’ investors demonstrates Astanor’s success in scaling its firm and its resilience in a turbulent economy,” the firm said. “This proves that despite fluctuating market trends, the sectors of agrifood tech and bioeconomy at large remain intrinsically captivating and ripe for innovation, especially with the renewed global attention on the climate crisis and an increased demand for sustainable options.”
Investors in the fund include climate-focused fund of funds Carbon Equity, and Flemish government fund PMV, according to PMV’s website.