Denmark-based Kost Capital, a new food tech VC focused on early-stage companies across Europe, has closed its first fund. It announced the first close of its €25 million target fund in the Kost Capital Fund I with the Danish Sovereign fund EIFO that backed Performativ and Podimo.
Kost Capital will invest in pre-seed and seed startups across Europe, focusing on B2B inputs in the future of food. Already, it has made its first three investments in Estonian palm oil replacement company Äio, the French infant formula company Numi, and the Danish ingredient company Nutrumami.
Better food for more people
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 for more people to ensure these challenges are met.
Led by Kasper Hulthin, Christian Tang-Jespersen, Mark Emil Hermansen, and Jacob Lee Ørnstrand alongside the General Partner Bodil Sidén (with experience at Swedish VC fund blq, Uber, and Swedish politics), the Danish food tech VC is on a mission to make this possible by looking for B2B inputs in the future food systems.
Kost Capital builds its investment thesis from food, powered by the bioeconomy. Notably, the bioeconomy is here to stay and we need to rethink the food system and bring food that is better for health, people, and the planet without compromising on taste and texture.
Recently, Kost Capital built a hub in Frederiksberg. With a test kitchen downstairs and a close collaboration with the food development studio, Kost Studio, it aims to bridge the gap between universities and markets and make sure the most interesting innovation gets the right funding.
“We are what we eat, yet the food system is broken. 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 for more people, that’s why we started Kost Capital”, said Bodil Sidén, General Partner at Kost Capital.
“Denmark has a proud history of food and the most interesting fermentation and biotechnology companies have started here. Denmark’s gastronomy scene is also world-class but Michelin star restaurants only serve 40 seats per night. We need to achieve scale to reach more people and the key is to combine bioeconomy and gastronomy. We want to empower the next generation of these companies and establish Denmark as the bioeconomy hub in Europe it has all the potential to be”, said Bodil Sidén.
