Blue Horizon Ventures holds final close of flagship fund
Blue Horizon Ventures, a sustainable food system focused venture capital fund, has held the final close of its first flagship fund Blue Horizon Ventures I, well beyond its initial target size at EUR183 million.
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, says: "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.”