合成资本综合了3亿增刊ort sustenance

London-based Synthesis Capital is making a splash on the food tech and alternative protein space with an inaugural $300 million fund
合成资本综合了3亿增刊ort sustenance

London’sSynthesis Capitalhas assembled a $300+ million fund aimed squarely at supporting approximately 15 food technology and alternative protein-focused startups across the globe with an average ticket size of $15 million. According to the firm, this is the largest fund ever raised for the sector.

Founded in early 2021, Synthesis Capital co-founderCosta Yiannoulishails from a background that includes time with Bain & Company, and an almost six-year run at CPT Capital, where he sat on the board of Redefine Meat. Co-founderRosie Wardlealso spent time with CPT Capital but departed in December of 2015 to establish FAIRR Initiative, an investor network focusing on ESG risks in the global food sector.

Synthesis has already invested in four companies, including cultivated meat startupUpside Foods(formerly known as Memphis Meats), precision fermented, sans bovine ice cream makerPerfect Day, “biomanufacturing-as-a-service” platformCulture Biosciences, and last but not least, a startup Yiannoulis is already quite familiar with, 3D-printed, plant-based alt meat startupRedefine Meat.

“In order to transform our food system to feed 10 billion people by 2050, within planetary boundaries, these new food technologies and platforms are imperative,” explained Yiannoulis. “I am very excited by the level of interest we have received from investor partners in our Fund, their strong belief in our thesis, and the sheer growth potential of the alternative protein space in the coming decades.”

Synthesis Capital’s oversubscribed inaugural $300 million fund is anchored byJeremy Coller, throughCPT Capital, with a cornerstone investment fromSociété Familiale d’Investissements.Nuveen(a TIAA company),Credit Suisse Climate Innovation Fund,Sir Ronald CohenthroughDynamic Loop Capital,DisruptAD(ADQ’s venture platform), The Nest,Heyi Holdings, trusts associated with the Sainsbury family,Interogo Holding(advised by IH International Advisors), WTT Investment Ltd (Tsai Family Office),CIFF, and a number of undisclosed parties provided their support.

“With deep experience in this sector, we are ready to take advantage of this significant investment opportunity and are confident that alternative proteins will no longer be considered “alternative” in the near future. We are incredibly grateful for the support of our investor partners who share our belief in the significant potential of harnessing alternative protein technologies and platforms to transform our ailing and antiquated food system,” concluded Wardle.

Comments
  1. Would you like to write the first comment?

    Would you like to write the first comment?

    Login to post comments
Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.
All