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We are launching a VC fund to support the next generation of food tech startups
We are on the mission to bring better food for more people. Kost Capital is the new VC to keep an eye on. Behind the fund is the well-known Danish entrepreneurs Kasper Hulthin, Christian Tang-Jespersen, Mark Emil Hermansen and Jacob Lee Ørnstrand alongside the General Partner Bodil Sidén. Today, we are announcing our first close of a 25M€ fund with EIFO.
– We are what we eat, yet the food system is broken. A growing population, climate change, food waste, health issues & policy changes require rapid funding now to ensure sustainability, efficiency and resilience in the future of food. We need to bring Better food for more people, that's why we started Kost Capital, says Bodil Sidén, General Partner Kost Capital.
Kost Capital has already made its first investments in the palm oil replacement company Äio, the infant formula company Numi and the Danish ingredient company Nutrumami.
– We have all tried alternatives that do not taste good, we believe the bioeconomy will bring better food for more people. Äio and Numi are great examples of companies that are solving massive problems with enormous potential in scalability as well as impact, says Bodil Sidén.
Together with Kost Studio, we bridge the gap between universities and market
During the year we have built a hub in Frederiksberg, where Kost Capital and Kost Studio, the food development studio, work together in close collaboration. Together we aim to bridge the gap between universities and markets and make sure the most interesting innovation gets the right funding. The vision is to fund the next multi-billion dollar industry out of Denmark.
– Denmark has a proud history of food and the most interesting fermentation and biotechnology companies have started here. Denmark’s gastronomy scene is also world-class but Michelin star restaurants only serve 40 seats per night. We need to achieve scale to reach more people and the key is to combine bioeconomy and gastronomy. We want to empower the next generation of these companies and establish Denmark as the bioeconomy hub in Europe it has all the potential to be, says Bodil Sidén.