Five Seasons Ventures holds first close for maiden fund

Five Seasons Ventures, a VC firm founded in 2016, started fundraising for its inaugural fund in September 2016, Unquote understands.

The target was initially set at €60m, though this has been readjusted to €70m given investor appetite. The hard-cap was not disclosed.

Investors
Backers of the fund include the European Investment Fund, BPI France and Fondo Italiano d'Investimento. Nestlé, a group of high-net-worth individuals and the founders of Five Seasons Ventures have also invested in the vehicle.

Investments
Five Seasons will initially invest €2-4m in startups and back further rounds of funding for successful investments. The VC will inject up to €12m per company and will invest alongside other backers in syndicated rounds.

The fund will focus on European businesses related to the food and agricultural technology sector, such as startups offering technological solutions that promote a healthier diet, diminish waste in agricultural production, and increase food production with no additional pressure on natural resources.  

People
Five Seasons Ventures – Ivan Farneti, Niccolò Manzoni (co-founders).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• France
• Venture
• France
• Venture
• European Investment Fund
• Fondo Italiano di Investimento
• BPI France