Astanor Ventures

Astanor Ventures is a venture capital firm established in 2017 and based in Brussels, Belgium, focusing on early-stage investments in the agri-food and agriculture sectors. The firm is dedicated to supporting entrepreneurs who are innovating within the food system, blue ocean economy, and agriculture, specifically targeting technology-enabled companies that aim to create a nourishing, regenerative, and trustworthy food future. Astanor Ventures manages multiple funds, including Astanor Good Harvest Ventures I, which was launched in 2018 and invests in Europe and North America, and Astanor Ventures II, initiated in 2023, targeting investments in Italy, France, and Ireland. Both funds prioritize impact investments in agtech and foodtech, seeking to support over 45 companies globally while leveraging a strong network of entrepreneurs, impact investors, and experts in the field.

Eric Archambeau Ph.D

Co-Founder & Senior Managing Partner

George Powlick

Partner

40 past transactions

Vivent

Venture Round in 2022
Vivent is an electroceuticals company that uses biosignals to develop medical solutions and monitoring technologies for plant health.

Current Foods

Seed Round in 2022
Kuleana creates plant-based alternatives for people's seafood favorites, using plants and biotechnology without the environmental and ethical consequences.

Galley Solutions

Series A in 2022
Galley Solutions, Inc. develops innovative food production software designed to assist restaurants, caterers, and corporate kitchens in managing their operations more efficiently. Its primary product, Galley, enables users to create and organize recipes, compile menus, and generate shopping lists. Additionally, the software supports kitchen managers in maintaining inventories, tracking ingredient costs, and optimizing menu items that share ingredients or preparation processes. By providing tools for real-time inventory management, purchasing, and food costing, Galley allows food businesses to analyze their operations and make informed decisions to enhance profitability. Founded in 2017 and based in San Diego, California, Galley Solutions, Inc. was previously known as Galley, LLC.

Planetary

Seed Round in 2022
Operator of the fermentation-based protein contract manufacturer intended to help clients scale their operations. The company offers research and development services, upstream processing, and downstream finished product formulations, providing clients with a scaled and cost-efficient production of sustainable, diverse, and authentic analogs to animal-derived foods and ingredients.

Umiami

Series A in 2022
Developer of a plant-based food technology designed to reduce meat consumption. The company's technology offers plant-based whole-cuts that contain plant proteins, enabling consumers to have alternatives that mimic the taste, texture, and smell of meat.

Umiami

Series A in 2022
Developer of a plant-based food technology designed to reduce meat consumption. The company's technology offers plant-based whole-cuts that contain plant proteins, enabling consumers to have alternatives that mimic the taste, texture, and smell of meat.

MeliBio

Seed Round in 2022
MeliBio, Inc. operates as a wholesaler of food products. The company was incorporated in 2020 and is based in Berkeley, California.

IUNU

Series B in 2022
IUNU, Inc. is an agricultural technology company that specializes in developing an AI and computer vision platform for greenhouse management. The company's flagship product, LUNA, is a software-as-a-service (SaaS) solution designed to provide growers with detailed insights and production management tools. By leveraging computer vision technology, LUNA monitors crop growth and transforms commercial greenhouses into efficient, demand-driven operations. Founded in 2013 and headquartered in Seattle, Washington, IUNU also has offices in San Francisco and San Diego, further supporting its mission to enhance agricultural practices through innovative technology.

Mi Terro

Angel Round in 2022
Mi Terro is the world's first advanced material company that creates ocean degradable and home compostable flexible packaging materials made from agricultural waste. We are not turning agricultural waste into beverage or snack like other companies. Instead, we are giving agricultural waste a new life by repurposing it to replace plastic and paper-based materials and giving additional incomes to farmers all around the world. Our material accommodates a diverse range of fully compostable packaging applications for fresh produce, dry food, fashion, cleaning product, and standard product packaging. Our technology can potentially apply to any type of agricultural byproducts and surplus food, including plant, dairy, and vitamin supplement byproducts. Our process uses less energy than paper and plastic production while creating 90% less CO2 than plastic. We are replacing petroleum-based materials with protein-based materials made from agricultural waste. We are redefining the circular economy in which everything begins with agricultural waste and ends as compostable or biodegradable. We are taking a world problem and making it into a world solution. Our technologies will have more impact to the world than plant-based and cultivated meat.

Notpla

Series A in 2021
Notpla Limited, based in London, manufactures innovative packaging products primarily for beverages and sauces. The company specializes in creating advanced packaging solutions, including sachets and waterproof, grease-proof cardboard takeaway boxes. Founded in 2014 and previously known as Skipping Rocks Lab Limited, Notpla aims to develop packaging that is environmentally friendly and degrades naturally. By combining design, chemistry, and engineering expertise, Notpla is at the forefront of sustainable packaging solutions, addressing the growing demand for alternatives to traditional plastic packaging.

PhytlSigns

Venture Round in 2021
PhytlSigns is a pioneering plant signal technology system from Vivent which provides early warnings of a wide range of crop stressors.

Monarch Tractor

Series B in 2021
Monarch Tractor offers a tractor platform that combines mechanization, automation, and data analysis to enhance farmer’s existing operations, alleviate labor shortages, and maximize yields. The company is dedicated to eliminating diesel fuel and replaces harmful chemicals with mechanical solutions, so its tractor impacts the environment exactly as intended, without side effects. Its platform utilizes hardware and machine learning to identify and eliminates plant ailments and estimate yields.

Smallhold

Series A in 2021
Smallhold, Inc. is a farming technology company based in Brooklyn, New York, specializing in the cultivation of mushrooms through innovative, climate-controlled mini farms. Established in 2017, Smallhold utilizes automated and modular growing systems that are remotely managed and subscription-based, allowing food industry professionals to produce consistent and reliable local mushrooms tailored to their specific needs. The company's produce is distributed to partner restaurants, grocery stores, and markets, ensuring a steady supply of fresh mushrooms. By leveraging technology, Smallhold aims to provide a sustainable solution for mushroom farming that is resilient to climatic changes and market fluctuations.

Calyxia

Series A in 2021
Calyxia design and produce microcapsules. Their microcapsules are size controlled from one micron to 50 microns. They completely protect an active ingredient from all damaging processes, and, they release the ingredient at just the right time and place for performance. The result is environmentally cleaner, higher performing formulation chemistry.

Noquo Foods AB

Series A in 2021
Noquo Foods AB, founded in 2019 and based in Stockholm, Sweden, specializes in developing plant-based food alternatives, particularly plant-based cheeses. The company aims to create cheese products that not only excel in taste and nutrition but also utilize the planet's resources responsibly. Noquo Foods seeks to make its products accessible to a wide audience while striving to become a preferred choice among chefs and restaurants.

v2food

Series B in 2021
v2food is a plant-based meat startup that produces legume-based meat alternatives. The company v2 product is a delicious, nutritious alternative for anyone who loves the taste of meat but doesn’t want to get it from animals. It is a safe space to connect with like-minded people and create positive relationships with food that will help them feed the planet in a sustainable way. v2food was founded by Nick Hazell in 2019 and is based in Sydney, New South Wales, Australia.

Cervest

Series A in 2021
Cervest Limited is a London-based company that has developed an AI-powered climate intelligence platform designed to quantify asset-level risks associated with climate change. Founded in 2015, Cervest utilizes machine learning to analyze complex Earth Science data and provide standardized assessments of climate risks for various sectors, including food and beverage, insurance, and governmental entities. The platform focuses on the built environment, offering users tools to proactively manage climate security through science-backed analyses of extreme climatic events affecting physical assets globally. The company has established partnerships with research institutions such as the Alan Turing Institute, Imperial College, and Oxford University, and its team comprises experienced professionals from technology and energy sectors, including former employees from Google, Amazon, and Microsoft. Cervest is committed to promoting climate security and operates as a mission-focused B-Corp, supported by investors aligned with its goals.

ProducePay

Series C in 2021
Produce Pay was first conceived at Cornell University. With strong support from experienced faculty and the student body, it was able to rapidly gain momentum. Produce Pay obtained recognition from Cornell’s entrepreneurial community and was soon dubbed "The Next Johnson Start-Up," in reference to Cornell’s S.C. Johnson Graduate School of Management.

Modern Meadow

Series C in 2021
Modern Meadow, LLC is a biofabrication company established in 2011 and headquartered in Brooklyn, New York. The company specializes in producing animal-free leather and other cultured products, such as meat alternatives, through innovative methods that eliminate the need for animal slaughter. By utilizing living cells and fermentation-based processes, Modern Meadow develops lightweight materials that provide superior color, performance, and durability, while also promoting lab-to-brand traceability. Their approach significantly reduces the inputs of land, water, energy, and chemicals, contributing to lower greenhouse gas emissions. This focus on sustainability enables customers to maintain the quality and appearance of materials without relying on petrochemical inputs or animal-derived substances.

Current Foods

Seed Round in 2021
Kuleana creates plant-based alternatives for people's seafood favorites, using plants and biotechnology without the environmental and ethical consequences.

MiiMOSA

Venture Round in 2021
MiiMOSA SAS is a crowdfunding platform focused on supporting agriculture and food-related projects. Established in 2014 and headquartered in Paris, France, the company connects investors with entrepreneurs in the agricultural sector, facilitating funding for innovative and sustainable initiatives. By leveraging the power of crowdfunding, MiiMOSA aims to enhance the growth and development of the agriculture industry, making it easier for individuals and businesses to access the financial resources they need to succeed.

Aphea.Bio

Series B in 2020
Aphea.Bio will develop next generation ‘biopesticides’ based on natural microorganisms. These products will provide an alternative for chemical pesticides, which are currently under serious pressure. In addition, the company will develop novel ‘biostimulants’, i.e. microorganisms that stimulate crop growth, for example through promoting the uptake of nutrients from the soil.

Cervest

Convertible Note in 2020
Cervest Limited is a London-based company that has developed an AI-powered climate intelligence platform designed to quantify asset-level risks associated with climate change. Founded in 2015, Cervest utilizes machine learning to analyze complex Earth Science data and provide standardized assessments of climate risks for various sectors, including food and beverage, insurance, and governmental entities. The platform focuses on the built environment, offering users tools to proactively manage climate security through science-backed analyses of extreme climatic events affecting physical assets globally. The company has established partnerships with research institutions such as the Alan Turing Institute, Imperial College, and Oxford University, and its team comprises experienced professionals from technology and energy sectors, including former employees from Google, Amazon, and Microsoft. Cervest is committed to promoting climate security and operates as a mission-focused B-Corp, supported by investors aligned with its goals.

Apeel Sciences

Venture Round in 2020
Apeel Sciences, founded in 2012 and headquartered in Santa Barbara, California, specializes in developing plant-derived solutions aimed at reducing food waste and extending the shelf life of fresh produce. The company's innovative products, such as Edipeel and Invisipeel, are designed to protect fruits and vegetables from environmental factors and pre-harvest challenges, effectively doubling their lifespan without the need for refrigeration. By utilizing advances in materials science, Apeel Sciences addresses the global food waste crisis, which amounts to approximately $2.6 trillion annually. The company's technologies not only help to minimize spoilage but also contribute to reducing water and energy consumption while preserving natural ecosystems. Apeel Sciences has gained support from a range of private investors and philanthropic partners, including prominent organizations like the Bill & Melinda Gates Foundation and the Rockefeller Foundation.

Vivent

Series A in 2020
Vivent is an electroceuticals company that uses biosignals to develop medical solutions and monitoring technologies for plant health.

Ynsect

Series C in 2020
Ynsect is a biotech company based in Evry, France, founded in 2011. The company specializes in the design, construction, and operation of insect production and processing facilities aimed at producing sustainable feed for fish and poultry. Ynsect focuses on the bioconversion of organic resources through insects, transforming them into high-quality nutrients such as proteins and lipids for animal feed, as well as non-food applications like organic fertilizers and bioenergy. By leveraging insect nutrients and behaviors, Ynsect collaborates with clients to develop innovative products and services. The company is recognized for its expertise in large-scale insect farming and automated processing, making it a preferred partner among professionals in the agri-food sector, laboratories, investors, and public institutions.

Ynsect

Series C in 2020
Ynsect is a biotech company based in Evry, France, founded in 2011. The company specializes in the design, construction, and operation of insect production and processing facilities aimed at producing sustainable feed for fish and poultry. Ynsect focuses on the bioconversion of organic resources through insects, transforming them into high-quality nutrients such as proteins and lipids for animal feed, as well as non-food applications like organic fertilizers and bioenergy. By leveraging insect nutrients and behaviors, Ynsect collaborates with clients to develop innovative products and services. The company is recognized for its expertise in large-scale insect farming and automated processing, making it a preferred partner among professionals in the agri-food sector, laboratories, investors, and public institutions.

MiiMOSA

Series B in 2020
MiiMOSA SAS is a crowdfunding platform focused on supporting agriculture and food-related projects. Established in 2014 and headquartered in Paris, France, the company connects investors with entrepreneurs in the agricultural sector, facilitating funding for innovative and sustainable initiatives. By leveraging the power of crowdfunding, MiiMOSA aims to enhance the growth and development of the agriculture industry, making it easier for individuals and businesses to access the financial resources they need to succeed.

Infarm

Series C in 2020
Infarm, founded in 2013 and based in Berlin, Germany, specializes in indoor vertical farming systems designed to cultivate a variety of produce, including herbs, lettuce, vegetables, and fruits. The company merges advanced vertical farming techniques with Internet of Things (IoT) technologies and machine learning to create a resilient and transparent food system. Infarm's smart modular farms are strategically distributed in urban areas, allowing city residents access to fresh produce while promoting self-sufficiency in food production. With a focus on research and development, patented technologies, and a diverse team of experts, Infarm aims to enhance the safety, quality, and environmental sustainability of food in urban settings.

Current Foods

Seed Round in 2020
Kuleana creates plant-based alternatives for people's seafood favorites, using plants and biotechnology without the environmental and ethical consequences.

MagGrow

Series A in 2020
MagGrow, an Irish company based in Dublin, develops innovative magnetic spraying systems for the horticulture and arable sectors of the agricultural industry. Founded in 2013, the company offers a range of products, including the MagGrow backpack 1200, vertical boom, nozzle adapter, and the MagGrow boom Kit 7000, which is designed from cast aluminum and features no moving parts. The patented MagGrow technology enhances droplet formation, resulting in significant benefits such as up to 70% drift reduction and improved spray coverage of 20-40%. This technology not only reduces pesticide usage and conserves resources like water and labor but also extends application windows and complies with environmental and legislative standards. MagGrow operates in key markets including the USA, Canada, and Europe, serving customers with a focus on efficiency and sustainability in agricultural practices.

Hyris

Series A in 2020
Hyris Ltd is a London-based company founded in 2014 that specializes in genetic testing through an innovative platform designed for decentralized analysis of biological samples. Its offerings include the bCUBE 2.0, a compact device for nucleic acid analysis, and the bAPP, a user-friendly graphical interface compatible with smartphones, tablets, and laptops. The company also provides bKITs, reagent sets tailored for analyzing specific genetic sequences. Hyris's platform enables real-time access to test results through a dedicated cloud-based software, allowing for genetic testing in various settings, which facilitates accurate data collection for healthcare professionals. With additional locations in Milan and Singapore, Hyris aims to enhance supply chain management, production control, and quality assurance in healthcare.

Notpla

Seed Round in 2020
Notpla Limited, based in London, manufactures innovative packaging products primarily for beverages and sauces. The company specializes in creating advanced packaging solutions, including sachets and waterproof, grease-proof cardboard takeaway boxes. Founded in 2014 and previously known as Skipping Rocks Lab Limited, Notpla aims to develop packaging that is environmentally friendly and degrades naturally. By combining design, chemistry, and engineering expertise, Notpla is at the forefront of sustainable packaging solutions, addressing the growing demand for alternatives to traditional plastic packaging.

Cervest

Seed Round in 2019
Cervest Limited is a London-based company that has developed an AI-powered climate intelligence platform designed to quantify asset-level risks associated with climate change. Founded in 2015, Cervest utilizes machine learning to analyze complex Earth Science data and provide standardized assessments of climate risks for various sectors, including food and beverage, insurance, and governmental entities. The platform focuses on the built environment, offering users tools to proactively manage climate security through science-backed analyses of extreme climatic events affecting physical assets globally. The company has established partnerships with research institutions such as the Alan Turing Institute, Imperial College, and Oxford University, and its team comprises experienced professionals from technology and energy sectors, including former employees from Google, Amazon, and Microsoft. Cervest is committed to promoting climate security and operates as a mission-focused B-Corp, supported by investors aligned with its goals.

Infarm

Series B in 2019
Infarm, founded in 2013 and based in Berlin, Germany, specializes in indoor vertical farming systems designed to cultivate a variety of produce, including herbs, lettuce, vegetables, and fruits. The company merges advanced vertical farming techniques with Internet of Things (IoT) technologies and machine learning to create a resilient and transparent food system. Infarm's smart modular farms are strategically distributed in urban areas, allowing city residents access to fresh produce while promoting self-sufficiency in food production. With a focus on research and development, patented technologies, and a diverse team of experts, Infarm aims to enhance the safety, quality, and environmental sustainability of food in urban settings.

Artemis

Series A in 2019
Artemis operates an intelligence platform for indoor farms. It specializes in indoor farming software solutions. Artemis help indoor farm operators use data to make more profitable production decisions. It tracks and analyzes all farm data in one place, enabling growers to optimize plant performance and reduce operating expenses. Allison Kopf and Jason Camp founded Agrilyst in 2015 that later became Artemis. It has its headquarters in Brooklyn in New York City.

Ynsect

Series C in 2019
Ynsect is a biotech company based in Evry, France, founded in 2011. The company specializes in the design, construction, and operation of insect production and processing facilities aimed at producing sustainable feed for fish and poultry. Ynsect focuses on the bioconversion of organic resources through insects, transforming them into high-quality nutrients such as proteins and lipids for animal feed, as well as non-food applications like organic fertilizers and bioenergy. By leveraging insect nutrients and behaviors, Ynsect collaborates with clients to develop innovative products and services. The company is recognized for its expertise in large-scale insect farming and automated processing, making it a preferred partner among professionals in the agri-food sector, laboratories, investors, and public institutions.

La Ruche qui dit Oui

Series B in 2018
La Ruche qui dit Oui is an e-commerce platform where users group themselves to buy directly from their local farmers. “Online food co-op La Ruche Qui Dit Oui! combines an internet speciality – cutting out the middleman in the supply chain connecting consumers with producers – with grass-roots social networking. The yes-saying beehive of the name represents the consumers who club together to source a food order: when the required size is met, the order is triggered and the consumers receive their goods. With 467 hives across France it's generating a, er, buzz.”