Rockstart’s AgriFood project funds closes 22+ million euros

Rockstart, an Amsterdam-based firm supporting different startups to scale in the global markets, has recently announced that its AgriFood project has secured funds of 22+ million euros.

For the record, the AgriFood fund is looking for a brighter future. The company is currently onboard with the EU’s 2050 strategic vision of shifting towards climate neutrality, in line with UN’s 17 Goals initiative, and one of the firm’s recently partnered To the Point series to discuss Green Innovation in Europe.

Importantly, the Rockstart AgriFood 2021 program is expected to lay immense focus on circular processes and distribution, regenerative food production, and quantifiable food consumption.

It was reported that Vaekstfonden’s Green Future fund and company longtime supported Jasper de Rooij, and Hans Maltha continued their investments in the project. Apart from these, new investors including Arla Foods and Joke Pronk, have also come up to invest significant shares in the project.

News reports suggest that the healthy new harvest of funds would enable Rockstart to further invest in Foodtech and Agritech startups while also co-investing in existing portfolio companies upto Series B.

Speaking on the recent fundraise, Mark Durno, Managing Partner at AgriFood, cited that the various industry leaders like Vaekstfonden, Arla, and many others, have put their faith in Rockstart by investing hefty amounts in AgriFood fund.

Mark added that this investment would make the firm even more optimistic, allowing it to proceed on its mission.

On the other hand, Arla’s SVP for Product and Innovation, Lars Dalsgaard stated that the firm presents an ambitious climate target of cutting down the toxic carbon emissions by 30% in 2030 and emerging as carbon net-zero company by 2050, while continuing to deliver nutritious quality products all over the world.

Mr. Dalsgaard further exclaimed that in a bid to delivering strong contribution to a future-proof and sustainable food supply system, the organization is relying on partnership with startups and other external bodies to bring in new solutions to its innovation network.

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By Priya Deshmukh

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