Blue Horizon Ventures Holds Final Close Of First Flagship Fund
Sustainable food system focused venture capital fund manager Blue Horizon Ventures has held the final close of its first flagship fund Blue Horizon Ventures I, beyond its initial target size at EUR 183mn. Investors include the European Investment Fund EIF, Wire Group’s Private Markets Funds, Givaudan, Group Bimbo, Sigma, B8Ventures and Korys/Colruyt Group, according to the firm.
Michael Kleindl, Founder and Managing Partner of Blue Horizon Ventures, said: "The global capital, accelerated by the global COVID-19 pandemic is moving towards impact at great speed. This allows more and more entrepreneurs to start their ventures in the food sector. We are delighted to have reached the final close for our first flagship fund. The overwhelming interest and final fund size combined with our pace and quality of portfolio building reflect the enormous potential of our investment thesis: Financial performance paired with an attractive risk return profile and tangible impact.”
Blue Horizon Ventures invests across the globe, stage agnostically and typically from ticket sizes as low as EUR 300,'000 of up to EUR 25mn over the lifetime of a company. The firm has already made 16 investments and committed circa EUR 80mn in capital in the last 18 months.
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