Blue Horizon Ventures has closed its first flagship fund at 183 million euros. The fund’s limited partners included European Investment Fund EIF, Wire Group’s Private Markets Funds, Givaudan, Group Bimbo, Sigma, B8Ventures and Korys/Colruyt Group. Based in Zurich, Blue Horizon Ventures invests in food technology.
Zurich, 20.01.2021 – Blue Horizon Ventures, a sustainable food system focused venture capital fund, announced the final close of its first flagship fund Blue Horizon Ventures I, well beyond its initial target size at EUR 183 Mio. The fund has attracted Limited Partners (LPs) around the world, ranging from private investors (numerous large single and multi-family offices) to corporates and institutional investors. Renowned investors include among others the European Investment Fund EIF, Wire Group’s Private Markets Funds, Givaudan, Group Bimbo, Sigma, B8Ventures, Korys/Colruyt Group. In total, more than 100 different investors from around 20 nationalities subscribed to the fund.
The mission of the fund – besides financial performance and market rate returns – is to generate value for investors by supporting and promoting a positive global impact on the environment, human health and animal welfare with a main focus on investments into alternative proteins, synthetic biology, cultivated food (cellular agriculture), smart packaging and food waste.
Michael Kleindl, Founder and Managing Partner of Blue Horizon Ventures, said: “The global capital, accelerated by the global COVID-19 pandemic is moving towards impact at great speed. This allows more and more entrepreneurs to start their ventures in the food sector. We are delighted to have reached the final close for our first flagship fund. The overwhelming interest and final fund size combined with our pace and quality of portfolio building reflect the enormous potential of our investment thesis: Financial performance paired with an attractive risk return profile and tangible impact.”
Blue Horizon Ventures capitalizes on a long-lasting industry access and network. It has developed partnerships with many like-minded, mission aligned co-investors and hubs of innovation such as relevant incubators, accelerators and universities. Blue Horizon Ventures invests across the globe, stage agnostically and typically from ticket sizes as low as EUR 300’000 of up to EUR 25 million over the lifetime of a company.
The expertise of Blue Horizon Ventures is based on a diverse team with a multidisciplinary skill set, consisting of bioscientists, food engineers, nutrition and retail experts as well as finance and venture capital specialists. Blue Horizon Ventures has already made 16 investments and committed circa EUR 80 million in capital in less than 18 months into global innovation. www.bluehorizonventures.com
About Blue Horizon Ventures
Blue Horizon Ventures is a food technology-focused venture capital fund, founded in 2018 by serial entrepreneurs and investors Roger Lienhard and Michael Kleindl. BHV aims to support the movement towards a more sustainable food system through innovation, technology and entrepreneurship. The head office is located in Zurich, Switzerland.