EIF backs Nordic Foodtech VC with €30M to scale Europe’s agrifood deeptech

The European Investment Fund (EIF) is committing up to €30 million to a Finnish venture capital fund that promotes early-stage agrifood technology companies. The EIF backing for the Finnish fund – called Nordic Foodtech VC (NFT.VC Fund II) – will bolster research in a more sustainable and resilient food production system. Helsinki-based Nordic Foodtech VC has a target size of €80 million and plans to invest in around 30 companies mainly in Northern Europe.