The private equity investment platform of Edmond de Rothschild Group and PeakBridge, a global fund manager in agrifoodtech investing, are partnering to accelerate the growth of Peakbridge’s investment platform.
The goal is to support agrifoodtech start-ups in their growth stages and the two firms will initially target €250 million in assets under management and will look to grow further in the future.
PeakBridge general partner Erich Sieber, said: “We are grateful for this vote of confidence from Edmond de Rothschild, enabling us to further our efforts in investing and supporting the rapidly growing infrastructure that is needed to advance foodtech innovation. We will work in close collaboration together with Edmond de Rothschild to discover, invest and nurture top growth stage entrepreneurs and technologies that will impact the future of our food systems.”
Edmond de Rothschild Private Equity’s chief executive Johnny El Hachem added: “This partnership, with a professional agrifoodtech fund manager whose strategy and positioning are close to our DNA, demonstrates our desire to constantly improve our offering and further our impact in critical industries such as food and agriculture. We have strong confidence that together with PeakBridge we can create a long-lasting impact on systematic social and environmental challenges globally.”
Nadav Berger, general partner of PeakBridge, commented: The food industry has significant impact on both human and planet health. Through this cooperation we will strengthen our ability to support companies and entrepreneurs who positively impact the critical transition we require.”
Date published: 2 December 2021