Blue Horizon Ventures closes debut fund on €183m

Blue Horizon Ventures I was launched in December 2018, according to Unquote Data. The fund held a first close in September 2019 and had a hard-cap of €200m.

The fund had deployed €70m of its capital by September 2020, according to Unquote Data. The vehicle has now deployed €80m of its capital, the firm said in a statement.

Blue Horizon aims to make food-technology investments that will have a positive impact on the environment, human health and animal welfare, the VC said in the same statement.

Investors
The fund's LP base comprises 100 investors from approximately 20 countries, Blue Horizon said in a statement. These include European and international investors and institutions such as corporates and family offices, as well as institutional investors.

LPs in the fund include the European Investment Fund, Wire Group's Private Markets Funds, Givaudan, Group Bimbo, Sigma, B8Ventures and Korys/Colruyt Group.

Investments
The fund invests in food-technology businesses that the VC views as having potential to expand from Europe on a global scale. Investment focuses include alternative proteins, synthetic biology, cultivated food, smart packaging and food waste, the firm said in a statement.

The fund is not limited to investing at specific venture round stages, but can deploy €300,000-25m in total per portfolio company.

Blue Horizon has made 16 investments since its foundation in 2018. These include Netherlands-based cultured meat producer Mosa Meat and UK-based nutrition bar producer Human Food.

People
Blue Horizon Ventures – Michael Kleindl, Roger Lienhard (founders, managing partners).

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