Peakbridge Closes Growth Fund II at USD 187 Million, Expanding Assets to Over $250 Million

Luxembourg-based venture capital firm Peakbridge has successfully closed its Peakbridge Growth Fund II at $187 million, as announced on May 15, 2024. This development raises the firm’s total assets under management to over $250 million.

Peakbridge, operating under the Edmond de Rothschild Private Equity partnership, focuses on advancing innovations in the agricultural and food technology sectors. The new fund is primarily supported by Edmond de Rothschild PE.

Erich Sieber, the founding general partner of Peakbridge, highlighted the significance of the fund’s closure, emphasizing the firm’s strategy and its potential to create substantial value within its portfolio. Sieber, who co-founded Peakbridge six years ago, previously served as a partner at Nestlé’s corporate venture funds from 2001 to 2018.

The closure of Growth Fund II enhances Peakbridge’s investment capacity, with current assets now exceeding $250 million. The firm’s portfolio includes companies such as Tastewise, a generative AI platform for the food and beverage industry; Vanilla Vida, which focuses on stabilizing the supply of natural vanilla through technology; Standing Ovation, which aims for sustainable dairy production; Win-Win, a producer of cocoa-free chocolate; Kern Tec, which converts fruit pits and seeds into usable ingredients; and Hyperplan, a crop-monitoring software company.

Nadav Berger, another founding general partner at Peakbridge, noted the unique blend of expertise within the team, which includes foodtech investment pioneers, agri-food industry veterans, scientists, and financiers. Berger, who previously founded Foodlab Capital, underscored the firm’s readiness to tackle significant industry challenges through strong industry partnerships.

Established in 2018, Peakbridge invests in companies at various stages, from early-stage ventures to Series A-B, prioritizing scalable technologies with a focus on climate and health. The firm operates from offices in Luxembourg, the Netherlands, Switzerland, Israel, Malta, and Dubai.