{
  "id": 6579562,
  "title": "Finnish investor Nordic Foodtech VC adds up to €30 million to €80 million Fund II",
  "url": "https://urgent.news/2026/09/10/finnish-investor-nordic-foodtech-vc-adds-up-to-30-million-to-80",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-10T10:30:57.000Z",
  "source": {
    "name": "EU-Startups",
    "slug": "eu-startups",
    "url": "https://www.eu-startups.com/2026/09/finnish-investor-nordic-foodtech-vc-adds-up-to-e30-million-to-e80-million-fund-ii/"
  },
  "original_language": "en",
  "account": "Finland-based Nordic Foodtech VC has committed up to €30 million for their Fund II, aimed at promoting early-stage AgriTech companies and advancing sustainable food production systems. The investment, backed by the European Investment Fund (EIF) and various climate and environmental funds, brings the Fund's target size to €80 million, with a goal of investing in approximately 30 companies primarily in Northern Europe. Nordic Foodtech VC's co-founder and managing partner, Mika Kukkurainen, anticipates growing their reach across Northern Europe with EIF's support. The investment aligns with the growing financing activity in European agriculture, food, aquaculture, and biosolutions technologies in 2026, totaling around €95.7 million across various rounds. Finland's Avenue Biosciences, a protein-engineering biotech company, recently raised €4.8 million in the biosolutions sector. EIB Group Vice-President Karl Nehammer highlights the importance of private capital and expertise in transforming promising technologies from the laboratory to the market, emphasizing the EU's goal of enhancing food security, climate resilience, and European competitiveness. Founded in 2019, Nordic Foodtech VC is the first Nordic VC fund focusing on practical solutions for agriculture and food industries, managing two funds, including the recently closed €40 million first close in June 2025. The company invests in pre-Seed and Seed-stage companies with a focus on the Nordic and Baltic countries, targeting early-stage ventures developing sustainable technologies in agriculture, food, health, aquaculture, and broader biosolutions.",
  "summary": "Finland-based Nordic Foodtech VC has announced an up to €30 million commitment for their Fund II to promote early-stage AgriTech companies and bolster research in more sustainable and resilient food production systems. The investment comes from the European Investment Fund (EIF) and will support the Fund target size of €80 million – aiming to invest […] The post Finnish investor Nordic Foodtech…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Tech.eu",
        "title": "EIF backs Nordic Foodtech VC with €30M to scale Europe’s agrifood deeptech",
        "url": "https://urgent.news/2026/09/10/eif-backs-nordic-foodtech-vc-with-30m-to-scale-europes-agrifood",
        "published": "2026-09-10T11:25:44.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}