Blue Horizon Ventures invests in four plant-based food companies
Zürich, 02.04.2020. Blue Horizon Ventures advances on its mission to accelerate the change to a more healthy, sustainable and just food system with the backing of several outstanding food-tech entrepreneurs.
While these investments were made before the COVID-19 crisis, the current situation underlines the urgency to drive this change even further as transforming the food system will also be crucial to mitigating the risk of future pandemics.
Blue Horizon Ventures continues to see a strong deal pipeline and increased momentum in the market. Although activity during home office and lock down has been quieter, Blue Horizon Ventures expects to close several new investments in the coming weeks and months.
Alpha Foods, based in San Francisco and Vancouver, has established itself as one of the leading brands in the frozen food section offering convenient plant-based options. With more than 50.000 PoS in the USA, Alpha Foods, has a product offering of more than 30 SKUs such as burritos, pizzas, nuggets and other center plate options. Lauren Wallis and Cole Orobetz, two outstanding founders, have successfully raised a USD 28M Series A round where Blue Horizon Ventures participated as co-lead investing USD 4M. Global expansion, mainly to Asia and Europe, is one of the company’s main priorities along with building out their team and marketing initiatives.
Based in Manchester UK, Love Raw is a family run food startup focusing on revolutionising the confectionary market. Developing and commercialising traditional candy bars with plant based premium ingredients that taste better than the originals. The company has been widely accepted and gained significant traction in the retail scene in the UK, selling in Waitrose, Whole Foods, H&B and many more. Blue Horizon Ventures is impressed by the founding team and looks forward to supporting the company’s further expansion into retail, food service and other countries mainly in Europe. Michael Kleindl, partner at Blue Horizon Ventures will join the board.
A Los Angeles based food delivery startup that cooks and delivers more than 50 different vegan meals nationwide in the USA is seeing profitable hyper-growth. Locally sourced fresh products are cooked in the central kitchen, frozen and then directly delivered to the consumer. Siblings, Mark Fachler and Monica Klausner, co-founded Veestro, inspired by their dedication to make healthy and great tasting food convenient and available for everyone. Blue Horizon Ventures has invested USD 1.7M to support the expansion of production capacity. This is the first installment and the Fund expects to further deploy capital in the next financing rounds. Food delivery is one of the most attractive sectors in Food-Tech, concentrating 65% of all VC investments into the space globally and in the current crisis very high in demand.
Blue Horizon Ventures joins the USD 200M founders’ round of The LiveKindly Co. with a USD 15M commitment. The Fund has been following the development and progress the company has made since its early concept stages and is pleased to add Kees Kruythoff and the whole LiveKindly Co. team to the Blue Horizon Ventures Fund I portfolio. The LiveKindly Co. is a collective of plant-based heritage and strategic partners including The Fry Family Food Co., LikeMeat, and LIVEKINDLY Media and is on track to become one of the world largest plant-based food companies.
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