Food venture capital firm PeakBridge launches new $187M fund to revolutionize the future of food

Climate change involves more than just reducing atmospheric carbon or developing fuel-efficient vehicles; it also concerns the food we consume. This is the focus of PeakBridge, a global fund manager in the agri-food tech sector, which recently secured $187 million in capital commitments for its PeakBridge Growth Fund II to drive innovation in these areas. This brings the firm’s total assets under management to over $250 million.

Based in Luxembourg, PeakBridge is part of the Edmond de Rothschild Private Equity partnership and was established by founding general partners Erich Sieber and Nadav Berger in 2020.

Addressing climate change is a priority for PeakBridge, and the partners recognized that food must be part of the solution. Raising the new fund was straightforward, as larger institutional investors readily acknowledged the necessity.

The latest fund surpassed the $100 million target announced in 2022. Growth Fund II attracted participation from global food and beverage companies like Grupo Bimbo, Royal Cosun, and Arancia, as well as financial institutions including Builders Initiative.

PeakBridge plans to invest in 16 to 20 companies, allocating approximately $10 million per company. So far, it has made eight investments, including animal-free dairy startup Standing Ovation and Vow, which specializes in cultured meat products, including exotic meats.