Binyamin Ali

McWin Partners has launched McWin Food Tech Fund, a €250 million vehicle that will target the whole food value chain, including “ingredients and alternative proteins," said partner Martín Dávalos.

The alternative protein start-up has taken its total capital raised to $2bn since being founded in 2011 and raised $700m in 2020.

Teachers’ Innovation Platform has grown to amass a C$3.7bn portfolio since it was launched in 2019 and made its first agtech investment in mid-June when it led a $226m Series B for Motif FoodWorks.

The direction signaled by the bloc over the past few years is creating a fundraising environment beneficial to start-ups and is now backed by a sustainability-conscious subsidy package.

The vehicle has already made four investments across its mandate, with Peruvian agribusiness Phoenix Foods and solar energy solutions provider SunColombia among the early beneficiaries.

The portfolio companies of the NY firm have also fared well on the fundraising trail, as it plots a successor $250m vehicle to its debut $50m fund.