FH Ventures: Top FoodTech VC's revealed

Hey There,

Before closing up the year, we snuck in one final resource for you,

Our database and report on "The Most Active FoodTech investors of 2022"

But before we dive into the data, a quick update on what we've been up to (and why we've not sent an email in awhile!)

This year we've:

📧 Published 150+ articles/reports, sent out over 250+ newsletters 🤝 Hosted 4k+ people at our events and meetups, across 40+ cities 🚀 Beta launched our climate investment platform with 130+ early users💸 Funded 24 new companies, across 10 countries around the globe

phew.

This is really in thanks to the community we've built here - wether you've looped us into your deal flow and diligence, or have invested with, through or in us this year. A massive thank you for supporting.

We'll take a small break over the Christmas holidays to re-charge and come back in full force in early January for what will be our most exciting year yet.

If we don't talk before then, have a great end to the year and successful start to 2023!

p.s. Mark the dates 11th & 12th May for Europe's biggest most fun, ClimateTech Summit🇨🇭

🔥 Resource Drop  

Top 10 most active FoodTech Investors in 2022:

🥇 SOSV: with 56 investments this year and over $1.5B in assets under management, multistage VC SOSV’s portfolio grew this year to include companies like UPSIDE Foods, Milk Moovement, and NovoNutrients.

🧑‍🔬 FoodLabs: Berlin-based FoodLabs backs a range of leading foodtech startups across the entire foodtech value chain, including alt protein (Bosque Foods), vertical farming (Infarm), delivery (Gorillas), and consumer tech (mitte). 47 investments in 2022.

💡 Big Idea Ventures: alt-protein fund and accelerator Big Idea made 45 investments this year in startups like Animal Alternative, MeliBio, and Minutri (Lypid) via their $50m New Protein Fund. Based in NYC and Singapore.

🍃 S2G Ventures: with 45 multi-stage investments (including 18 led and 9 co-led) this year, Chicago-based S2G invests across food & ag with new investments in Atomo Coffee, Sound Agriculture, and Soli Organic joining a strong portfolio including Everytable, sweetgreen, Beyond Meat, and Apeel Sciences.

🤘 Rockstart AgriFood: investing to improve our food system ‘from soil to gut,’ Rockstart has inked 40 new investments this year in startups like MoooFarm, Orderlion, and Fieldsense.

🌎 Siddhi Capital: with strong operational and outsourcing experience under co-managing partners Melissa Facchina and Steven Finn, Siddhi Capital invested in 35 startups like Ark Biotech, Liberation Labs, and Melibio to expand a strong portfolio including Magic Spoon, BlueNalu, and Beyond Meat.

🥕 ProVeg: 30 investments via ProVeg Incubator under the ProVeg International NGO. Strong track record and focus on reducing consumption of animal-based products, with new investments in Libre Foods, Cultivated Biosciences, Bifidice, and ØZERS.

💜 HackCapital: with 24 investments, HackCapital’s 2022 investment highlights include Plantish, Hyfé Foods, Arkeon and Forsea Foods. Unlike other VCs on the list, HackCapital operates like a syndicate with a global group of climate-focused investors participating in rounds together.

🟦 Blue Horizon: Zürich-based foodtech VC Blue Horizon made 23 investments this year in pre-seed and growth companies like Atomo Coffee, Planetary, and Nucicer. Portfolio includes plant-based, cultivated meat, and synbio startups like Planted, Mosa Meat, and Geltor.

🌊 Astanor Ventures: Astanor’s 23 investments this year include Umiami, Planetary, and Source Ag, across regenerative food, ag, and ocean products. Prior investments include Stockeld Dreamery, Apeel, and Ynsect.

💯 In all, we identified 106 noteworthy investors. They’re a mix of foodtech-focused VCs (47%) or crossover VCs (33%), with some corporate funds (12%), accelerators / incubators (5%), and syndicates (2%).

👩 34% of this year’s funds are female-led, about the same as last year (32%), though is higher than the 15% of European VC general partners who are women. In the broader venture industry, women represent 43% of directors and principals, but only 18% of GPs.

🌎 Most of our profiled investors are based in EMEA (55%), though the USA (32%) is the most active individual country. 9% of our investors are APAC-based, and just 2% are in LATAM.

↔️ We see a wide spread of investment activity, with a median of 4 deals per investor but an average of 8.3. The median check size is $1m (though the average is $2.8m, as larger checks pull the mean up).

Discover the full list of top active VC's in FoodTech and market takeaways here along with a database of 100+ VC's in FoodTech here.

💡 Good Reads

🤖 Chat GPT x Biotech - ending the year with a Trend report on maybe the hottest thing this year. We deep-dived into what the latest advancement in AI could mean for the Biotech sector, and even had a ChatGPT help write part of it!

👀 YCombinator have put out along list of Climate Tech company types, including problems and solutions, that they're interested in funding next year.

💸 State of climate tech funding / fundraising - great data and insights collected by CTVC in this report on the stage of funding in climate. Really good and sobering read.

🍄 Hyfé (portfolio co), which transforms food manufacturing waste streams into fermentation feedstock, ​​has scaled production of its mycelium protein to 400L pilot bioreactors three months ahead of schedule.

🏭 And in case you missed it: Nuclear fusion’s milestone: The US Department of Energy and other federal scientific leaders announced that a nuclear fusion reaction at the Lawrence Livermore National Laboratory in California achieved net energy, marking the first time humankind has achieved this landmark. Need a TLDR? Check out this video of nuclear scientist Marv Adams explaining what happened in the successful fusion experiment.

💬 Quick Tweets

👀 Awesome overview of some of the best in SF FoodTech. Read this thread if you want to know the latest advancements in FoodTech of 2022:

🐟 BlueNalu making waves with this first look their fish-free bluefin tuna

🧬 The Genomics Revolution - Elliot puts out some of the best deep dives, this one is well worth adding to the reading list:

🪐 Space Tears: Nothing Food / Climate related. But this post really hits you in the feels.

😅 Bit of Fun

As a founder that's been fundraising this quarter, I can confirm 1pm - 3pm is accurate.

Thanks for reading, great holidays ahead - and "let's catch up" in the new year.

😁 Love It 😐 Meh 😕 Hate it

Arman Anatürk Co-Founder & CEO @FoodHack (HackCapital)

Disclaimer: ‍Investing in startups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution. This communication is intended for experienced investors, with sufficient experience and knowledge to understand the processes and risks involved. Do your DD, make your own decisions, invest aware, your capital is at risk.