Lever VC, a leading venture capital firm specializing in agrifoodtech, has announced the first close of its Fund II, securing an initial $50 million to invest in early-stage startups driving innovation in the food and agriculture sectors.
The fund, which remains open to additional investors until its final close later this year, has attracted a diverse group of limited partners (LPs), including institutional investors, funds of funds, family offices, and prominent global food and agriculture companies.
The first five investments from Fund II showcase Lever VC’s commitment to cutting-edge solutions across the agrifoodtech landscape:
- Gavan Technologies: A producer of novel fats for the food industry.
- Oobli: A developer of sweet proteins as natural sugar alternatives.
- Flox AI: An agtech software company focused on digitization and data-driven farming.
- HerdDogg: A leader in livestock monitoring and herd management technology.
- Mush Foods: A producer of innovative meat replacement ingredients.
With over 100 investments in the agrifoodtech space and a global network tracking more than 6,000 startups, Lever VC has established itself as a key player in the industry. Managing partner Nick Cooney emphasized the sector’s potential, stating, “Food and agtech represent areas of significant opportunity due to their massive category sizes, compelling compound annual growth rates (CAGR), and consistently strong exit environments. Our expertise positions us to identify and support the most promising innovations in this space.”
Lever VC’s Fund II reflects the growing momentum in agrifoodtech, as investors increasingly recognize the need for sustainable, scalable solutions to address global food system challenges. The fund’s focus on early-stage startups aligns with its mission to drive transformative change in agriculture and food production, from novel ingredients to advanced digital tools.
As Lever VC continues to expand its portfolio, the firm remains dedicated to fostering innovation that benefits both the planet and the global food supply chain. For startups and investors alike, this fund represents a significant opportunity to be part of the next wave of agrifoodtech breakthroughs.
Download the Ebook now