Luxembourg-based Peakbridge, which is part of the Edmond de Rothschild Private Equity partnership, has officially closed its Peakbridge Growth Fund II at $187m, the venture capital firm on 15 May 2024. The fund, anchored by Edmond de Rothschild PE, aims to promote solutions in the agricultural and foodtech sector.

“It is not just a vote of confidence in the success of our focused strategy, but crucially important to creating real value for our portfolio and changing the food system from the inside out,” Peakbridge’s founding general partner Erich Sieber commented in the post. Before co-founding the VC firm six years ago, Sieber was a partner at Nestlé’s corporate venture funds from 2001 to 2018.

With the fund closing, the VC firm’s assets under management now come to over $250m. Some of the companies already in Peakbridge’s portfolio include Tastewise (a generative AI platform for the food and beverage industry), Vanilla Vida (which uses technology to create a stable supply of natural vanilla), Standing Ovation (working on sustainable dairy production), Win-Win (which produces a cocoa-free chocolate), Kern Tec (which transforms fruit pits and seeds into usable ingredients) or Hyperplan (crop-monitoring software).

“Our team brings to the table a rare mix of experience: foodtech investment pioneers, veteran agri-food industry operators, scientists and financiers,” added Nadav Berger, founding general partner at Peakbridge. Before establishing Peakbridge, he founded Foodlab Capital, a seed fund and pioneer in foodtech investing. “Together with strong industry partnerships, we’re positioned to confront those real-world problems.”

Founded in 2018, Peakbridge invests in companies--from early stage to series A-B--with scalable, protectable climate and health-focused technologies. It has offices in Luxembourg, the Netherlands, Switzerland, Israel, Malta and Dubai.