Five Seasons Ventures

Five Seasons Ventures, established in 2016, is a Paris-based venture capital firm that invests in early-stage technology companies operating in the food and agriculture sectors. The firm focuses on Europe, with a particular interest in Italy and France, and considers investments outside the region. It typically allocates between €2 million to €10 million per investment, taking significant minority stakes and board seats, often as part of a syndicate. Five Seasons Ventures supports innovative companies that cater to evolving consumer preferences, such as healthier food, convenience, cleaner labels, and sustainability, by providing capital, technology expertise, industry connections, and operational support.

Giancarlo Addario

Principal

Ivan Farneti

Co-Founder and Managing Partner

Saskia Hoebée

Principal

Niccolò Manzoni

Co-Founder and Managing Partner

Lucie Paté

Analyst

Andre Purits

Investment Associate

Mehdi Raza

CFO

Past deals in Food

Untamed

Series B in 2025
Untamed produces high-quality pet food for cats, using fresh, human-grade ingredients like chicken breast, tuna steak, salmon fillet, and shrimp. Their products are gently steam-cooked to preserve nutrients, promoting good health and happiness in cats.

KoRo

Series C in 2024
KoRo is a snacking brand offering a wide range of natural foods, clean-label snacks, functional foods, superfoods, dried fruits, nuts, seeds, cereals, nut butters, supplements, organic drinks, juices, and protein bars.

La Fourche

Series B in 2024
La Fourche is an online platform dedicated to affordable organic consumption. It offers thousands of organic products with discounts up to 50%, helping families reduce their spending by up to €1,000 annually through a subscription model.

La Fourche

Series B in 2023
La Fourche is an online platform dedicated to affordable organic consumption. It offers thousands of organic products with discounts up to 50%, helping families reduce their spending by up to €1,000 annually through a subscription model.

Mammaly

Series A in 2023
Mammaly is a pet health startup focused on developing snacks that support aging dog health. The company produces healthy pet food and snacks using natural ingredients, with a grain-free formulation and no added sugar or artificial preservatives. Snacks are developed with veterinary input and feature regional ingredients that emphasize higher protein and lower fat. Mammaly also provides guidance on dog health to help owners care for their pets and make informed nutrition choices. By combining functional treats with health-focused counseling, Mammaly aims to promote holistic well-being for dogs.

KoRo

Series B in 2023
KoRo is a snacking brand offering a wide range of natural foods, clean-label snacks, functional foods, superfoods, dried fruits, nuts, seeds, cereals, nut butters, supplements, organic drinks, juices, and protein bars.

THIS

Series B in 2023
THIS is a brand specializing in plant-based meat alternatives. Their products are crafted from plant ingredients fortified with nutrients like vitamin B12 and iron, offering meat lovers a similar taste experience while being cruelty-free.

KoRo

Series B in 2022
KoRo is a snacking brand offering a wide range of natural foods, clean-label snacks, functional foods, superfoods, dried fruits, nuts, seeds, cereals, nut butters, supplements, organic drinks, juices, and protein bars.

Mammaly

Series A in 2021
Mammaly is a pet health startup focused on developing snacks that support aging dog health. The company produces healthy pet food and snacks using natural ingredients, with a grain-free formulation and no added sugar or artificial preservatives. Snacks are developed with veterinary input and feature regional ingredients that emphasize higher protein and lower fat. Mammaly also provides guidance on dog health to help owners care for their pets and make informed nutrition choices. By combining functional treats with health-focused counseling, Mammaly aims to promote holistic well-being for dogs.

Pyxo

Seed Round in 2021
Pyxo is a company specializing in the production of reusable containers aimed at eliminating disposable packaging and cutlery in the catering industry. Their flagship product, the PyxoBox, is designed to facilitate a zero-waste dining experience for consumers, allowing them to enjoy meals from restaurants or for takeout without relying on single-use items. The PyxoBox network operates without setup fees or remote return logs, streamlining the process for both businesses and consumers. Companies can rent collection points for the PyxoBoxes, while employees can conveniently use these containers for their lunches, returning them to designated collectors at their workplace. Pyxo manages all logistics and cleaning, ensuring a practical and eco-friendly solution for catering needs.

air up

Venture Round in 2021
air up GmbH, founded in 2018 and based in Munich, Germany, specializes in manufacturing a unique drinking bottle system that allows users to enjoy flavored water through scent. The innovative design incorporates interchangeable ring-shaped pods that release scented air into the water. This scent is perceived by the brain as flavor through retronasal olfaction, enabling consumers to experience a variety of flavors without the use of added sugars or artificial ingredients. The company's approach provides a healthier alternative to traditional flavored beverages, appealing to those seeking refreshing hydration without compromising on taste.

The nu company

Series A in 2021
The nu company GmbH, founded in 2016 and based in Leipzig, Germany, specializes in the online production and sale of chocolate. The company emphasizes the importance of natural, functional, and flavorful nutrition, sourcing organic ingredients to create appealing combinations that promote health and enjoyment. Committed to sustainability, The nu company plants a tree for every product sold and utilizes compostable packaging materials, reflecting its dedication to environmental responsibility.

Butternut Box

Venture Round in 2021
Butternut Box is a UK-based company that delivers fresh, human-grade dog food made from real ingredients. The business emphasizes nutrition and health, offering personalized meal plans tailored to individual dogs’ age, size, allergies, and dietary requirements. Customers provide information about their pet, and Butternut Box creates meals to meet those needs. Meals are prepared with a homemade approach and delivered directly to customers’ doors, enabling pet owners to provide healthy, tailored nutrition for their dogs.

THIS

Series A in 2021
THIS is a brand specializing in plant-based meat alternatives. Their products are crafted from plant ingredients fortified with nutrients like vitamin B12 and iron, offering meat lovers a similar taste experience while being cruelty-free.

VlyFoods

Series A in 2021
VlyFoods is a foodtech startup that produces delicious milk alternatives made from pea protein. The startup developed an alternative using yellow split pea protein, that matches cow's milk for nutrients, taste, and functionality, and a neutral taste to attract a larger market. It's also more environmentally friendly; 1L of vly uses 15x less CO2, 13x less water, and 5x less land than cow's milk. They combine natural ingredients with cutting-edge technology to develop the best milk alternatives and transform the food industry.

Cortilia

Series C in 2021
Cortilia is a grocery delivery company based in Milan, Italy, founded in 2011. It operates an online agricultural marketplace that connects consumers directly with local farmers, providing access to fresh, artisanal, and seasonal products. By aggregating farmers in virtual markets, Cortilia enhances the local economy while minimizing waste. The company ensures that products are packed and delivered to customers' doors within a few hours, prioritizing quality and freshness. This sustainable approach allows consumers to easily access farm and dairy products, fostering a more direct relationship between producers and consumers.

air up

Series A in 2020
air up GmbH, founded in 2018 and based in Munich, Germany, specializes in manufacturing a unique drinking bottle system that allows users to enjoy flavored water through scent. The innovative design incorporates interchangeable ring-shaped pods that release scented air into the water. This scent is perceived by the brain as flavor through retronasal olfaction, enabling consumers to experience a variety of flavors without the use of added sugars or artificial ingredients. The company's approach provides a healthier alternative to traditional flavored beverages, appealing to those seeking refreshing hydration without compromising on taste.

THIS

Equity Crowdfunding in 2020
THIS is a brand specializing in plant-based meat alternatives. Their products are crafted from plant ingredients fortified with nutrients like vitamin B12 and iron, offering meat lovers a similar taste experience while being cruelty-free.

yamo

Series A in 2020
Yamo is a company dedicated to providing healthier food options for children, focusing on organic baby food products as an alternative to junk and unhealthy options. The company aims to simplify the decision-making process for parents by offering nutritious and tasty food for kids of all ages. Yamo operates through a direct-to-consumer subscription model, allowing customers to conveniently access their products online. Additionally, the company's offerings are available in grocery stores, including Coop in Switzerland and selected Edeka and Rewe locations in Germany. By prioritizing health and convenience, Yamo seeks to empower parents in making better food choices for their children.

La Fourche

Series A in 2020
La Fourche is an online platform dedicated to affordable organic consumption. It offers thousands of organic products with discounts up to 50%, helping families reduce their spending by up to €1,000 annually through a subscription model.

Tropic Biosciences

Series B in 2020
Tropic Biosciences UK Ltd, established in 2016 and based in Norwich, is a biotechnology company specializing in the development of commercial tropical crops. It employs advanced plant breeding and non-GMO gene editing techniques to create high-performing varieties, catering primarily to the coffee and banana industries. The company's mission is to promote grower wellbeing, consumer health, and sustainable environmental practices through its innovative, non-GMO methods, which significantly accelerate the breeding process to meet growing food demands and local community needs.

YFood

Series B in 2020
YFood is a food-tech startup focused on creating innovative food solutions tailored for modern lifestyles. The company specializes in the production of convenient meal alternatives, including ready-to-drink nutritional beverages, drink powders, and bars. YFood's products are designed to offer balanced nutrition by incorporating essential proteins, vitamins, minerals, omega fatty acids, and fiber, providing a healthy alternative to traditional junk food. These offerings aim to supply consumers with sustained energy throughout the day, meeting the demands of a fast-paced lifestyle while prioritizing nutritional value.

Butternut Box

Series C in 2020
Butternut Box is a UK-based company that delivers fresh, human-grade dog food made from real ingredients. The business emphasizes nutrition and health, offering personalized meal plans tailored to individual dogs’ age, size, allergies, and dietary requirements. Customers provide information about their pet, and Butternut Box creates meals to meet those needs. Meals are prepared with a homemade approach and delivered directly to customers’ doors, enabling pet owners to provide healthy, tailored nutrition for their dogs.

JustSpices

Series B in 2020
Just Spices is a Düsseldorf-based brand that specializes in manufacturing and distributing a wide range of spice blends and pure spices. Founded in 2014, the company aims to inspire consumers to enhance their culinary creativity by offering over 200 different spice products through its online platform and in various supermarkets. In 2018, Just Spices introduced the "Just Spices IN MINUTES" category, which features meal preparation kits that include spice mixes and recipes for quick and easy meal solutions, requiring only a few additional fresh ingredients. With a growing selection of 27 "fix" recipes, Just Spices is redefining the convenience of modern cooking, making it accessible for both everyday home cooks and commercial clients. The brand also offers customizable jars designed to preserve the quality of spices, ensuring that customers can enjoy fresh and flavorful cooking experiences.

THIS

Seed Round in 2020
THIS is a brand specializing in plant-based meat alternatives. Their products are crafted from plant ingredients fortified with nutrients like vitamin B12 and iron, offering meat lovers a similar taste experience while being cruelty-free.

Cortilia

Series B in 2019
Cortilia is a grocery delivery company based in Milan, Italy, founded in 2011. It operates an online agricultural marketplace that connects consumers directly with local farmers, providing access to fresh, artisanal, and seasonal products. By aggregating farmers in virtual markets, Cortilia enhances the local economy while minimizing waste. The company ensures that products are packed and delivered to customers' doors within a few hours, prioritizing quality and freshness. This sustainable approach allows consumers to easily access farm and dairy products, fostering a more direct relationship between producers and consumers.

YFood

Series A in 2019
YFood is a food-tech startup focused on creating innovative food solutions tailored for modern lifestyles. The company specializes in the production of convenient meal alternatives, including ready-to-drink nutritional beverages, drink powders, and bars. YFood's products are designed to offer balanced nutrition by incorporating essential proteins, vitamins, minerals, omega fatty acids, and fiber, providing a healthy alternative to traditional junk food. These offerings aim to supply consumers with sustained energy throughout the day, meeting the demands of a fast-paced lifestyle while prioritizing nutritional value.

THIS

Seed Round in 2019
THIS is a brand specializing in plant-based meat alternatives. Their products are crafted from plant ingredients fortified with nutrients like vitamin B12 and iron, offering meat lovers a similar taste experience while being cruelty-free.

Butternut Box

Series B in 2019
Butternut Box is a UK-based company that delivers fresh, human-grade dog food made from real ingredients. The business emphasizes nutrition and health, offering personalized meal plans tailored to individual dogs’ age, size, allergies, and dietary requirements. Customers provide information about their pet, and Butternut Box creates meals to meet those needs. Meals are prepared with a homemade approach and delivered directly to customers’ doors, enabling pet owners to provide healthy, tailored nutrition for their dogs.

Tropic Biosciences

Series A in 2018
Tropic Biosciences UK Ltd, established in 2016 and based in Norwich, is a biotechnology company specializing in the development of commercial tropical crops. It employs advanced plant breeding and non-GMO gene editing techniques to create high-performing varieties, catering primarily to the coffee and banana industries. The company's mission is to promote grower wellbeing, consumer health, and sustainable environmental practices through its innovative, non-GMO methods, which significantly accelerate the breeding process to meet growing food demands and local community needs.
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