StartLife Investor Partners Invest-NL and Oost NL, alongside Invest International have joined Pymwymic’s Healthy Food Systems Impact Fund II. to support changemakers who are transforming the food system for a better world, from farm to fork. The total investment of €20M, which also includes backing from Invest International, brings the fund to its second close of €48M.
Our current food system is the single biggest driver of climate change, environmental degradation, and biodiversity loss. It is responsible for a third of global greenhouse gas emissions, 80% of deforestation and 70% of all freshwater use. Pymwymic believes that a combination of innovative and disruptive technologies with truly regenerative practices will ignite a transition of the global food system.
Dutch Solutions for Global Agrifood Challenges
Invest-NL, Oost NL, and Invest International are convinced that innovative startups and scale-ups from the Netherlands will play an important role in solving these challenges, both in the Netherlands and internationally. That’s why they’re teaming up with Pymwymic in this new fund.
Nicolaas Heij, Invest-NL Senior Investment Manager, says,
“Pymwymic has shown it can contribute substantially to making the food chain more sustainable. By providing capital for early phase investments in the Dutch AgriFood sector they align with our investment strategy to speed up the transition towards a carbon neutral and circular economy.”
Chimwemwe de Gaay Fortman, Oost NL Director Capital, says,
“Pymwymic’s fund aligns with the mission of Oost NL and by investing, we attract capital and knowledge to our region. This way, innovative food companies can accelerate their development to contribute to a sustainable and healthy food chain. Pymwymic’s recent investment alongside Oost NL in OneThird [startup supported by StartLife] is a great example of this.”
About Healthy Food Systems Impact Fund II
The Healthy Food Systems Impact Fund II is expected to amount to €60m and will invest in AgriFood start-ups that use innovative technologies to contribute to making the food chain more sustainable.
Potential investments includenew ways to improve sustainable and local farming, digital platforms supporting a more efficient and shorter supply chain or data-driven production methods ensuring a better soil quality.