Dec 2, 2021

Rothschild Group launching $250 million foodtech fund with PeakBridge VC The new fund will cut relatively big checks for the sector, ranging between $5-8 million per company, and will invest in 15-20 startups over the coming years Sophie Shulman 11:3202.12.21 The foodtech sector is still not close to being cybersecurity or fintech, but it is getting closer. Calcalist has learned that the private-equity unit of family-owned investment firm Edmond de Rothschild Group is in the process of raising a NIS 800 million (approximately $253 million) fund for investments in foodtech. The fund is being raised together with PeakBridge VC, headed by Israelis Nadav Berger and Erich Sieber, who will be launching their third fund. The Rothschild Group, headed by Baroness Rothschild, has $170 billion in assets under management and has already committed to providing 20% of the fund. The rest of the money is set to come from institutional investors, both in Israel and abroad. Should the fund reach $250 million, it would become one of the largest foodtech-focused funds in the world. Nadav Berger (right) and Baroness Ariane de Rothschild. Photo: Jeremy De Batista and Guy Asayag   The new fund is set to focus on investments in companies from Series A onwards, unlike the first two funds raised by PeakBridge which invest in Seed stage startups. The first fund, named FoodSparks, manages €30 million (USD $43 million) worth of assets, with the second fund, named Newtrition, managing €45 million (USD $51 million) in assets. The first fund is managed by Yoni Glickman, previously the president of Natural Solutions and EVP at Frutarom and IFF. The new fund will cut relatively big checks for the sector, ranging between $5-8 million per company, and will invest in 15-20 startups over the coming years. Related articles: