Spain: Eatable Adventures launches €50m fund for food and agriculture start-ups

The new fund is targeting the most disruptive new companies across Europe and Latin America

Madrid-based Eatable Adventures has launched a €50 million fund, Eatable Evolution Fund FCR I, which will make early and growth-stage investments targeting the most disruptive start-ups in food and agriculture tech across Europe and Latin America.

The fund is currently pending approval by the Comisión Nacional del Mercado de Valores (Spanish Securities Market Commission). The management company will be Abante Asesores Gestión SGIIC, a financial institution with experience in the management and administration of private equity vehicles with more than €1.2 billion under management in these vehicles.

José Luis Cabañero, chief executive of Eatable Adventures, said: “Through a variety of initiatives, Eatable Adventures has positioned itself as one of the three most active foodtech accelerators worldwide, given our mission of building tomorrow’s food companies. Thanks to Eatable Evolution Fund we will have an even more impactful contribution to the future of the food industry.”

Eatable Adventures’ founders Cabañero, Mila Valcárcel and José de Isasa are being joined by new partner Gonzalo Ramírez Martiarena, founder and chief executive of Swiss Pampa and former global chief executive of agricultural products’ industrialisation and marketing company Louis Dreyfus Company, who is also an investor in foodtech start-ups, with investments in 18 projects with global reach.

Eatable Adventures claims to be one of the top three foodtech accelerators in the world, with more than 20 corporate programmes and 10 accelerator and incubation programmes launched.