Malta, May 8th, 2020 – Five Thoughts in Isolation on Why Now is the Time to Invest in FoodTech, By Elliot Hool Sweeping through the industrial world like an Australian bushfire, the Covid-19 virus has devastated communities in its wake. Stock markets have crumbled like Arctic glaciers in July. Millions are out of work, more than half the world sits at home. The Coronavirus pandemic is the single most disruptive global event since World War Two. The world we thought we knew before the millennium turned twenty, is set to look and behave very differently as it heads into a new decade. As investors seek diversity in order to weather the [...]
NICK’s Closes $7.3m Financing Round and Expands USA National Retail Distribution From Zero to Over 3,000 Grocery Stores in 6 Months
Malta, May 4th, 2020 – Today, Luthman Backlund Foods (nicks.com), maker of N!CK’S Swedish Style light ice creams and a line of protein and confectionery bars, announced the closing of a new U$7.3M equity financing round. N!CK’S recently launched its ice creams in the U.S. and grew from zero to now selling in 3,000+ leading grocery stores nationwide in just over 6 months. “We couldn’t be happier with our growth in the U.S. Even in the age of COVID-19, we are seeing record revenues and unit sales velocity growth week-over-week across all our retailers. This shows tremendous demand for our creamy, indulgent ice creams with a fraction of the calories [...]
Malta, October 8th, 2019 – Two more different people could not have walked into Future FoodTech 3 years ago! We realised we had both grown up in the food industry, both started and managed FoodTech funds, before FoodTech was a thing, and that most of all, we both wanted to leave a better world to our 5 (combined) daughters…Although we still have a long way to go, it feels good standing so high up the mountain!
Tastewise Raises $5 Million Series A Funding Round from Leading FoodTech Investor PeakBridge, Accelerating Expansion of AI-Powered Food Trends and Intelligence Platform
Tel Aviv, September 25th, 2019 – Tastewise, an AI-powered food trends prediction and intelligence startup, announced today it has raised $5M in a Series A funding round led by PeakBridge, an investment firm specializing in FoodTech. Last year Pico Venture Partners provided Tastewise $1.5 million in seed funding, bringing the company's total funding to $6.5 million to date.The Series A round will be used to further develop Tastewise's AI technology, focused on understanding human interactions with food, such as the motivations behind why people select and prefer certain foods over others. By breaking down data to the specific functions that interest consumers, Tastewise not only knows what foods are trending, but [...]
Malta, September 19th, 2019 – Cannot believe it has already been two months since we, the PeakBridge family, were celebrating a meeting of minds at the 'Peak Bridge' at Glacier 3000, kicking off our fund with our great friends from #TO.org in the 1st annual PeakBridge/To.org FoodTech forum. Words cannot describe what a truly insightful experience this was, but maybe this video can...
Malta, June 27th, 2019 – PeakBridge invests €1.7 m in the Swedish zero sugar food company Luthman Backlund Foods AB (LUB Foods) in order to support the company's strong international expansion plan. LUB Foods develops, manufactures and markets tasty and healthy snacks, protein bars, confectionery, ice cream, sweeteners and other "functional foods" under the brand name NICK's. NICK's offers "a lot better for you" alternatives with no added sugar, no palm oil, no wheat/gluten and no artificial sweeteners. Only the good stuff. NICKS's is currently growing rapidly in over ten European countries. In 2020 NICK's world-leading, low-calorie ice cream will be launched in several European markets and nationwide in the [...]
Malta, June 17th, 2019 – Delighted to share that we've surpassed our First Close goals for our NEWtrition FoodTech venture fund! We could not have done it without the support of a great team, investors and many friends. Now the work starts - investing in meaningful impact FoodTech ventures to create better and more accessible nutrition for all. Watch this space for more about our first investments!
Sequoia Partners Chairman and veteran entrepreneur Rick Borenstein brings unrivalled venture capital experience to PeakBridge
Malta, March 1st, 2019 – PeakBridge Partners today announced that veteran entrepreneur Rick Borenstein will join the firm as a Venture Partner. PeakBridge is a member of EIT Food and manages Newtrition, a dedicated FoodTech venture capital fund. Mr Borenstein brings with him over 30 years of venture capital experience at the highest level. As a co-founder of Sequoia Partners, a “boutique” information technology M&A firm operating on the West Coast, he has represented over 250 software and services firms for sale over the ensuing 25 years. He is a world-renowned expert in high tech company building, Go-To- Market and growth management.Erich Sieber and Nadav Berger, Founding Managing Partners at PeakBridge, [...]
PepsiCo Executive Ellen de Brabander to Join PeakBridge as Venture Partner and Head of Technical Due Diligence
Malta, October 18, 2018 - PeakBridge today announced that Ellen de Brabander will join the firm as a Venture Partner and Head of Technical Due Diligence. PeakBridge is a member of EITFood and manages Newtrition, a dedicated FoodTech investment fund. Ms. de Brabander will continue to serve as a Senior Vice President of Research & Development for PepsiCo with global oversight responsibilities for the company’s key R&D governance and compliance functions. Erich Sieber and Nadav Berger, Founding Managing Partners at PeakBridge, said, “We are delighted to have someone of Ellen’s talent and experience joining PeakBridge. Her vast knowledge will be a great asset to us as we invest in sustainable [...]
PeakBridge Partners co-founder and FoodBytes! judge Nadav Berger, lives and breathes food innovation, so we caught up with him on the tail end of our London event to get his take on overcoming the most common food and agtech startup challenges, the trends he’s tracking and what he’s doing to help empower sustainable change-makers. “I believe the biggest challenges come between the time a startup formalizes a winning idea and scaling the technology to support it”, says Nadav. “It’s a period I’ve tagged ‘Death Valley’, because it’s when you’re tested most and need to draw on all the support you can get, to reach the other side successfully.” _____________________ Can you tell [...]