We’re thrilled to announce the launch of our second AgriFood fund, a crucial step in our journey to foster a regenerative and sustainable future food system. AgriFood Fund II reflects our commitment as the initial impact investor for early-stage startups, showcasing our enduring dedication and support. With a final close targeted at €50 million and plans to invest in up to 50 startups within the next 5 years, AgriFood Fund II is backed by The Export and Investment Fund of Denmark (EIFO), De Hoge Dennen, Danish Agro, and other supporters who share our vision.
AgriFood Fund II marks our fourth fund, following the successful launches of Rockstart AgriFood Fund I in 2019, Rockstart Energy in 2020, and Rockstart Emerging Tech in 2022. Our primary focus remains on funding purpose-driven founders who are scaling impactful solutions using emerging technologies and innovative business models to improve the food supply system from soil and ocean to gut.
This fund is actively seeking investments in regenerative solutions that restore our soils and oceans to become CO2 capture powerhouses, in responsible and circular innovations that create value from wasted food while reducing food loss, and in quantifiable solutions and tools that provide consumers with better access to nutritious food that tastes good and does good.
Selected startups not only receive initial investment but also gain access to our tailored accelerator program, held biannually. This comprehensive program equips startups with the necessary resources and guidance, including sessions on ESG data collection and reporting, to prepare them for substantial growth and long-term positive impact.
Rune Theill, CEO and Co-Founder, Rockstart comments on the new fund:
“We are on a mission to empower purpose-driven founders on a global scale. Guiding startups through scaling and offering access to capital, especially in challenging markets, remains fundamental to our founder-focused ethos. We’re excited about our ongoing collaborations with partners, mentors, and stakeholders, forging impactful alliances that drive positive change across diverse domains.”
Mark Durno, Managing Partner AgriFood, Rockstart also states:
“Since 2017, we’ve been committed to championing a regenerative and sustainable food system, investing in 50+ startups. With the launch of our new fund, we continue this mission by investing in early stage agrifood startups, aligning with EU climate and ESG targets to build a better future. Our appreciation extends to existing and new investors for their unwavering support. The trust from organizations like EIFO, De Hoge Dennen, and Danish Agro makes us more determined than ever to continue enabling progress within the sector.”
Since its inception, Rockstart AgriFood Fund I has already invested in 50 ag and food tech startups, resulting in over €60 million raised collectively by these companies. With leading organizations and corporates supporting our mission, including LPs like EIFO, family offices like De Hoge Dennen, and corporates like Arla and Eneco, we continue to be a hub for impactful investments in the startup ecosystem.
Ready to join Rockstart AgriFood? Apply here: rockstart.com/agrifood/.