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Edmond de Rothschild invests in food innovation

2021-12-02T05:12:08.226Z

The private bank is launching a fund dedicated to food and agritech with the venture capital group PeakBridge.



The world of finance is stepping up to support food innovation.

The private bank Edmond de Rothschild, through its private equity branch, has just concluded an agreement with the manager of venture capital funds PeakBridge, to invest in agrifood innovation.

It was co-created in 2017 by a former Nestlé, Erich Sieber, at the helm for more than fifteen years of the house fund of the Swiss giant focused on nutrition and well-being.

PeakBridge already manages two seed funds in the booming foodtech sector, for total investments of 70 million euros.

See also

A plan to boost "French agritech"

By 2022, the two partners want to take off promising new companies in the sector.

Objective: to raise 150 million in 2022, and to increase to 250 million the total assets managed by PeakBridge.

“There is a glaring lack of funding very early in the food chain, and at the same time, we are observing the emergence of multiple technological solutions that provide a response to the

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Source: lefigaro

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Business 2021-12-02T05:12:08.226Z

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