Nordic Foodtech VC

What Nordic Foodtech VC does

Nordic Foodtech VC (legal name Nordic Foodtech Venture Capital Oy) is a Helsinki-based venture capital firm founded in 2019 that invests in early-stage deep technology companies transforming the food system across the Nordics, Baltics, and — with Fund II — broader northern Europe. The firm's investment thesis targets scientific and engineering-driven solutions spanning the food value chain, with portfolio companies working on precision fermentation (Chromologics, Melt&Marble, Evodia, Äio, Ironic Biotech), alternative proteins (Enifer's PEKILO mycoprotein, Mö Foods' oat-based cheese, Happy Plant Protein's extruded legume proteins), sustainable packaging (Fiberdom), nutrient recovery (NPHarvest), aquaculture (Paras Aqua), micronutrient recycling (Tracegrow), and satellite-based agricultural monitoring (Kuva Space's hyperspectral nanosatellite constellation). The firm operates a network-driven sourcing model leveraging a small core team of five partners (foodtech investing, biotechnology science, corporate finance, entrepreneurship, and food industry/brand strategy) supported by three advisors, and is a member of the Finnish Venture Capital Association following IPEV and InvestEurope standards.

The firm's revenue is generated as a fund manager through management fees on capital under management and carried interest on exits. It manages two Finnish limited partnerships: NFT.VC Fund I Ky (€42M, 18 investments made across an investment period running Q2/2020 to Q4/2024) and NFT.VC Fund II Ky (€80M target with first close at €40M, investment period started Q2/2025). Fund II is classified under EU SFDR Article 8 with a minimum 40% of investments aligned with environmental or social characteristics, and allocates 60% of invested capital to follow-on rounds in existing portfolio companies, targeting a final portfolio of 32 companies. The LP base for Fund II is 100% Finnish, comprising public sector entities (25%), pension funds (21%), fund of funds (29%), family offices (12%), corporate investors (3%), and other investors (11%). Notable realized activity includes the 2025 exit of BioMush, and recent new investments include Mö Foods (€2.4M, January 2026) and Happy Plant Protein (€1.8M pre-seed, November 2024), alongside portfolio-company participation in public funding programs such as Business Finland's Deep Tech Accelerator (NPHarvest, up to €1.2M pathway).

Name

Nordic Foodtech VC

Legal name

Nordic Foodtech Venture Capital Oy

Website

https://nft.vc

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Nordic Foodtech VC is a Helsinki-based venture capital firm founded in 2019 that invests in early-stage deep technology companies transforming the food system across the Nordics, Baltics, and northern Europe. It manages NFT.VC Fund I (€42M, 18 investments) and NFT.VC Fund II (€80M target, €40M first close), targeting precision fermentation, alternative proteins, sustainable packaging, and circular agriculture.

Ownership category

akta.pro rank

Product category

Venture Capital Investment

NAICS

Portfolio Management and Investment Advice (523940), Food Manufacturing (311), Meat Retailers (445240)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Sustainable Agriculture & Food Systems Funds (FSANAJAE)

Keywords

• Venture capital investing
• Food technology investment
• Deep tech funding
• Agtech venture capital
• Early-stage startups

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Management Fees and Carried Interest: As a venture capital fund manager, Nordic Foodtech VC generates revenue through management fees charged on funds under management and carried interest (performance fees) on investment returns distributed to limited partners. The firm manages two funds: NFT.VC Fund I (€42M) and NFT.VC Fund II (target €80M, first closing €40M).

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Nordic Foodtech VC is a venture capital firm that invests early-stage capital in deep technology companies transforming the food system across Nordics, Baltics, and broader Europe. The firm manages NFT.VC Fund I (€42M, 18 investments, 2020-2024) and NFT.VC Fund II (target €80M, first closing €40M, investment period from Q2/2025), providing equity capital, strategic support, ESG planning, and board participation to portfolio companies in precision fermentation, alternative proteins, sustainable packaging, nutrient recovery, and related deep tech areas.

Product overview

Nordic Foodtech VC operates as a venture capital firm managing two early-stage investment funds focused on deep technology companies transforming the food system. NFT.VC Fund I (€42M, 18 investments, 2020-2024) and NFT.VC Fund II (target €80M, launched 2024) provide capital and support to portfolio companies across food tech, agtech, and sustainability sectors in the Nordics and broader Europe.

Differentiator

Problem solved

Functional benefit

Products and services

• NFT.VC Fund I Early-stage venture capital fund focused on Nordic and Baltic food system technology companies. Size €42M, 18 investments made during investment period Q2/2020 to Q4/2024. Fund I investment period has ended but continues with selected follow-on investments.
• NFT.VC Fund II Follow-on venture capital fund targeting €80M to invest in early-stage European food system technology companies, with particular focus on the Nordics. First closing done at €40M, investment period started Q2/2025. Classified as SFDR Article 8 with minimum 40% of investments aligned with environmental or social characteristics.

Quantifiable outcome

• Fund I invested €42M across 18 companies (2020-2024)
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature15 records

Partnerships

Two partnerships are on record, tiered core.

• VTT Technical Research Centre of FinlandcoreTechnology or Integration · 14 November 2024Happy Plant Protein was spun out from VTT Technical Research Centre of Finland, carrying VTT's patented extrusion-based process for producing plant proteins from legumes. VTT is one of Europe's leading research institutions.
• Finnish Venture Capital AssociationcoreStrategic or Co-development PartnerNordic Foodtech VC is a member of the Finnish Venture Capital Association (FVCA) and follows their guidelines on responsible and transparent investing. The firm adheres to IPEV guidelines for valuations and InvestEurope's industry standard for investor reporting.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Rockstart AgriFood: Rockstart runs an AgriFood fund and accelerator backing early-stage startups across the food value chain in Europe. It competes with Nordic Foodtech VC for Northern European foodtech founders and shares a similar stage and ticket-size profile.
• THRIVE / SVG Ventures: SVG Ventures / THRIVE is an agrifood venture and innovation platform investing in early-stage startups globally. Its accelerator-plus-fund model competes with NFT.VC for agrifoodtech deal flow, especially in Europe.
• Synthesis Capital: Synthesis Capital (formerly CPT Capital) is a foodtech and alternative-protein-focused VC manager with a thesis very similar to NFT.VC's deep-foodtech investing approach. Both target early-stage science-driven food startups and pitch impact-aligned LPs in Europe and globally.
• AgFunder: AgFunder operates global agrifoodtech venture and growth funds alongside research and deal-sourcing platforms. It shares Nordic Foodtech VC's venture-investing and ecosystem-construction model across the food system and competes for cross-border foodtech deal flow.
• S2G Ventures: S2G Ventures is a sector-specialist VC investing across the food, agriculture, and ocean value chain. It is the closest US analogue to Nordic Foodtech VC's deep-tech, food-system transformation thesis and competes for capital from institutional LPs seeking foodtech exposure.
• Cultivian Sandbox: Cultivian Sandbox is a venture fund focused on food and agriculture technology, backing early- and growth-stage companies. Its deep-tech, science-led investing approach parallels Nordic Foodtech VC's portfolio construction.
• Unovis Asset Management: Unovis (formerly New Crop Capital) is a venture and public-markets investor focused on alternative proteins and foodtech. Its early-stage foodtech strategy and global LP base make it a direct competitor for founders building alternative-protein and precision-fermentation companies.
• Pontifax AgTech: Pontifax AgTech is a food and agriculture technology-focused venture fund investing across the supply chain. Its science-driven, sector-specialist model mirrors NFT.VC's deep-tech food investing approach at slightly later stages.

Regional players

• Voima Ventures: Voima Ventures is a Helsinki-based deep-tech VC that includes food, agriculture, and bio-based innovations within its portfolio. It is a regional peer operating from the same Nordic ecosystem and competes for early-stage science-driven deals.

Emerging players

• Axial Partners: Axial Partners is an early-stage impact investor backing food, agriculture, and ocean ventures. Its impact-driven foodtech focus and emerging-fund profile align it with NFT.VC's sustainable food-system thesis at similar stages.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Customer concentration

• LinkedInlinkedin.com/company/nordic-foodtech-venture-capital
• Xx.com/foodtechvc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments29 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nordic Foodtech VC