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Venture Fund EFCO Fuel for Growth has invested $2 million in Israeli Fund Newtrition
Venture Fund Fuel for Growth, created with the participation of GK "EFKO", invests $2 million in venture Fund Newtrition running Peakbridge Partners.
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Newtrition Fund established in Malta and specializiruetsya on investments in technology companies in the food industry.

In addition to the Fund Newtrition, running Peakbridge Partners is a seed Fund Food Sparks. It operates under the auspices of the European Union in the framework of the EIT project in the area of Food agri-food innovation.

The team Peakbridge Partners employs the leading experts in the field of Agrotech and fateha:

  • Eric Sieber (co-founder, managing partner) managed the corporate venture Fund of the Corporation Nestle, of more than $700 million;

  • Nadav Berger (co-founder, managing partner) - entrepreneur in the third generation in the field of food and founder of the Israeli company FoodLab Capital;

  • Peter Kruger, managing Director of seed investment Fund and former head of the accelerator Startupbootcamp in Rome.

Cooperation c Newtrition will allow the Foundation Fuel for Growth to access the stream of qualified projects and to broaden the funnel of startups and to establish contacts with investors and to access high-quality expertise. Therefore, the effectiveness of cooperation will be evaluated not only on the profitability of investments in specific projects, but also from the point of view of expansion of the funnel and opportunities to access the analysis of global trends in FoodTech.

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The group of Companies "EFKO" is a vertically integrated company, member of the three largest agro-industrial companies of the Eurasian economic Union. The company is in the top 3 enterprises of the food industry, ensuring food security of the Russian Federation. EFCO is a market leader in food ingredients used in confectionery, bakery and other industries. The company occupies a leading position in the processing market of oilseeds and the supply of protein components of animal feed.

GK "EFKO" is one of the leading manufacturers of vegetable oil, mayonnaise, ketchup, milk and dairy products. Consumer products the company produces well-known brands Sloboda and Altero, which have been repeatedly awarded the State Quality mark.

Production the Group's assets are located in Belgorod, Voronezh and Sverdlovsk regions, the Krasnodar territory, the Moscow region and the Republic of Kazakhstan. The company is one of the largest exporters of sunflower oil. Export of products is carried out in more than 50 countries. By the end of 2018 the company's revenues amounted to 114 billion roubles.



Translated by service "Yandex.Translation"
Источники: Agro2b