Kost Capital, a Copenhagen-based investment firm, has announced the first close of its €25 million target fund. The fund, which aims to invest in food technology startups across Europe, has secured backing from the Danish Sovereign fund EIFO, as well as founding LPs Kasper Hulthin, Christian Tang-Jespersen, Mark Emil Hermansen, and Jacob Lee Ørnstrand. The General Partner of Kost Capital, Bodil Sidén, emphasized the importance of sustainable and efficient food systems in light of climate change, a growing population, and other challenges facing the food industry. Kost Capital has already made its first three investments in companies addressing these issues, including Estonian palm oil replacement company Äio, French infant formula company Numi, and Danish ingredient company Nutrumami. With a focus on B2B inputs in the future of food, Kost Capital aims to bridge the gap between academia and the market, fostering innovation and driving the next multi-billion dollar industry out of Denmark.
Kost Capital Raises €25M Fund with Danish Sovereign Fund EIFO for Bioeconomy-Powered Food Startups, Denmark
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