$ 325 million fund for startups

finance

The money is to be invested exclusively in companies that strive for “positive social effects”.

$ 325 million fund for startups

The financial investor Astanor Ventures is launching a new $ 325 million (EUR 275 million) fund.

The company, founded in 2017 by Eric Archambeau and George Coelho, announced on Friday that the money will only be put into start-ups that are striving for a positive social effect.

Look out for startups working on technological solutions in agriculture, food and oceans.

The corona crisis highlights problems in the global food supply, said Archambeau, who has already invested in companies such as Spotify or Xing in the past.

Astanor Ventures is already involved in more than 20 start-ups in Europe and the USA. These include the Ynsect company, which is currently building the world's largest insect farm in France, the Berlin-based start-up Infarm, which produces indoor greenhouses, and Notpla, a producer of packaging materials made from seaweed.

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