EIF commits €30 million to Nordic Foodtech VC for agrifood startups

The European Investment Fund has pledged up to €30 million to Nordic Foodtech VC's second fund, which targets early-stage agrifood technology companies primarily across Northern Europe. The commitment, backed by InvestEU, brings the Helsinki-based fund close to its €80 million target size and aims to accelerate the commercialization of sustainable food and agriculture technologies that often struggle to attract financing at their earliest stages.

"While Europe has excellent research in food and agriculture, promising technologies need capital and expertise to make the leap from the laboratory to the market."

—Karl Nehammer, EIB Group vice president

• NFT.VC Fund II plans to invest in approximately 30 companies at pre-seed and seed stages, including university and research center spin-outs developing technologies for agriculture, food, health, aquaculture, and biosolutions.
• The fund reached a first closing of €40 million in April 2025; the EIF's pledge is expected to help attract additional private investors.
• Nordic Foodtech VC's first fund invested in 18 companies across the Nordic and Baltic regions, with initial investments of up to €2 million per company.
• The EIF investment is supported by InvestEU's equity product for climate and environmental solutions, including funding from the European Maritime, Fisheries and Aquaculture Fund for blue-economy investments.