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

Past deals in Organic Food

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.

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.

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.

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.

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.

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.

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.