Foodtech VC fund Kost Capital announces first close of a EUR 25 million fund with EIFO
The Copenhagen-based VC fund Kost Capital has raised EUR 25 million in the first close of its new fund with Danmarks Eksport- og Investeringsfond (EIFO). Behind the fund are well-known Danish entrepreneurs Kasper Hulthin, Christian Tang-Jespersen, Mark Emil Hermansen, and Jacob Lee Ørnstrand, alongside General Partner Bodil Sidén and Senior Associate Paul Archambeau.
Kost Capital aims to bring better food to more people by supporting the next generation of food tech startups. The fund focuses on providing pre-seed and seed funding for early-stage bioeconomy startups and backs companies developing or transforming the processes, ingredients, and technologies that can power a more sustainable and scalable food system.
“A growing population, climate change, food waste, health issues, and policy changes require rapid funding now to ensure sustainability, efficiency, and resilience in the future of food. We need to bring better food to more people; that's why we started Kost Capital,” says Bodil Sidén, General Partner at Kost Capital.
Kost Capital has already made its first investments in the palm oil replacement company Äio, the infant formula company Numi, and the Danish ingredient company Nutrumami.
Mazanti Transactions advised Kost Capital in connection with the entire process from initial discussions on fund structure, fund scope, and setup, to a successful close.