Mudcake

Mudcake, founded in 2020 and based in Stockholm, Sweden, is a venture capital firm focused on investing in pre-seed and seed-stage companies within the food technology and agriculture technology sectors. Formerly known as Trellis Road, Mudcake is managed by a team of ex-founders committed to fostering innovation aimed at improving food production, distribution, and consumption for future generations. The firm typically invests between $200,000 and $600,000 in startups globally and has built a diverse portfolio of over 20 companies across four continents.

Anna Ottosson

Founding Partner and Board Member

25 past transactions

Agteria Biotech

Seed Round in 2025
Agteria Biotech is a biotech startup focused on developing sustainable agricultural solutions, particularly through innovative feed additives for livestock. Its distinctive products aim to enhance livestock health and well-being while simultaneously reducing methane emissions, contributing to a more sustainable livestock farming industry. By improving animal health, Agteria Biotech's offerings have the potential to increase productivity and decrease the reliance on antibiotics, thus supporting customers in their efforts to adopt more environmentally friendly farming practices.

Hexafarms

Pre Seed Round in 2024
Hexafarms is a developer of innovative farm-based software specifically designed for vertical farming operations. The company's technology enhances the efficiency of production processes by enabling real-time optimization, which can lead to significant increases in crop yield and reductions in energy costs. By automating various aspects of farming, Hexafarms empowers commercial food growers to boost their bottom-line revenue by up to 50%. The software facilitates the establishment of a network of vertically integrated farms, promoting sustainable and efficient food production on a global scale.

OlsAro

Seed Round in 2024
OlsAro produces salt-tolerant crops.

Planet A Foods

Series A in 2024
Planet A Foods is a producer of plant-based, cocoa-free chocolate that focuses on creating food products from natural ingredients. The company emphasizes local production to minimize the impact on land and resources while aiming to reduce global carbon emissions. By utilizing traditional fermentation techniques, Planet A Foods offers an alternative to conventional chocolate, allowing consumers to enjoy chocolate flavors without the associated environmental drawbacks of unsustainable cocoa production.

Amatera

Pre Seed Round in 2023
Amatera is a biotechnology research company based in Paris, France, founded in 2022 by Omar Dekkiche and Lucie Kriegshauser. The company focuses on developing sustainable and climate-resistant coffee varieties using advanced biotechnology techniques. By leveraging non-genetically modified organism (GMO) technology, Amatera aims to create a naturally caffeine-free coffee variety that eliminates the need for decaffeination, thereby reducing both financial and environmental costs while preserving flavor integrity. Through its innovative approach, Amatera seeks to address the growing demand for cleaner and greener coffee options in the market.

InPlanet

Seed Round in 2023
InPlanet is an environmental protection company focused on combating global warming and stabilizing the climate through innovative methods. The company specializes in grinding silicate rocks and applying them to tropical soils, significantly accelerating the natural weathering process. This approach not only helps to remove carbon from the atmosphere but also enables farmers to replace chemical fertilizers with natural rock powders sourced from local mines. InPlanet aims to provide scalable, affordable, and safe solutions for carbon removal, contributing to sustainable agricultural practices and environmental restoration.

SnoFox

Venture Round in 2023
SnoFox Sciences specializes in data analytics aimed at enhancing operational efficiency and reducing energy consumption in the cold industrial sector. The company has developed a proprietary platform that leverages thermodynamic data to provide insights for cold chain monitoring and preventative maintenance. This innovative technology transforms complex data feeds into actionable analytics, which can be accessed through a customizable web-based interface. This tool enables decision-making at various levels—from individual units to entire facilities—facilitating targeted improvements that not only optimize energy usage but also mitigate the environmental impact of industrial cooling operations.

InPlanet

Pre Seed Round in 2023
InPlanet is an environmental protection company focused on combating global warming and stabilizing the climate through innovative methods. The company specializes in grinding silicate rocks and applying them to tropical soils, significantly accelerating the natural weathering process. This approach not only helps to remove carbon from the atmosphere but also enables farmers to replace chemical fertilizers with natural rock powders sourced from local mines. InPlanet aims to provide scalable, affordable, and safe solutions for carbon removal, contributing to sustainable agricultural practices and environmental restoration.

Project Eaden

Seed Round in 2022
Project Eaden is a company focused on the development and licensing of innovative technologies aimed at producing sustainable food and meat alternatives. By integrating advanced technology with food production, Project Eaden creates sustainable food products designed to meet consumer cravings for meat. The company's platform offers alternatives that provide a more environmentally friendly substitute for traditional beef and beef products, promoting sustainability in the food industry.

NuCicer

Seed Round in 2022
NuCicer is a company dedicated to transforming chickpeas into a staple superfood through the development of innovative varieties that offer enhanced nutritional benefits, improved flavor, and cost-effective ingredients. By leveraging the world's most diverse chickpea breeding library alongside a proprietary breeding innovation platform, NuCicer integrates plant genetics and machine learning to create customized chickpea varieties. These varieties are designed to have higher protein content and specific functional and nutritional properties, while also addressing environmental sustainability concerns. This approach not only meets the growing demand for nutritious food options but also supports the alternative-meat sector, ultimately aiming to reduce agriculture's environmental footprint and provide diverse solutions for the agri-food system.

Nutropy

Pre Seed Round in 2022
Nutropy specializes in producing real milk ingredients that are identical to those produced by cows, focusing on creating premium cheese alternatives. These alternatives offer the same taste experience as traditional cow's cheese but are more sustainable, healthier, and do not involve any animal exploitation. The company achieves this by manufacturing dairy proteins equivalent to cow proteins using microbes and fermentation processes. Nutropy's products are designed for large-scale dairy applications in the global cheese market, enabling businesses to produce mass-market items with a significantly lower carbon footprint and reduced environmental impact.

Project Eaden

Seed Round in 2022
Project Eaden is a company focused on the development and licensing of innovative technologies aimed at producing sustainable food and meat alternatives. By integrating advanced technology with food production, Project Eaden creates sustainable food products designed to meet consumer cravings for meat. The company's platform offers alternatives that provide a more environmentally friendly substitute for traditional beef and beef products, promoting sustainability in the food industry.

NuCicer

Seed Round in 2022
NuCicer is a company dedicated to transforming chickpeas into a staple superfood through the development of innovative varieties that offer enhanced nutritional benefits, improved flavor, and cost-effective ingredients. By leveraging the world's most diverse chickpea breeding library alongside a proprietary breeding innovation platform, NuCicer integrates plant genetics and machine learning to create customized chickpea varieties. These varieties are designed to have higher protein content and specific functional and nutritional properties, while also addressing environmental sustainability concerns. This approach not only meets the growing demand for nutritious food options but also supports the alternative-meat sector, ultimately aiming to reduce agriculture's environmental footprint and provide diverse solutions for the agri-food system.

Omni

Seed Round in 2022
Omni is a plant-based pet food company from the UK, that is developing healthy, sustainable food for dogs.

microTERRA

Seed Round in 2021
microTERRA is a company dedicated to developing sustainable food ingredients by utilizing Lemna, an aquatic plant known for its water-cleaning properties and ability to produce valuable functional ingredients. Their flagship product, Flora, enhances sweetness perception while reducing sugar content in formulations, effectively masking unwanted notes from high-intensity sweeteners without compromising texture or taste. This innovation addresses a significant market opportunity within the food industry. microTERRA operates as an ingredient platform, focusing on creating specialty ingredients through sustainable methods.

Planet A Foods

Seed Round in 2021
Planet A Foods is a producer of plant-based, cocoa-free chocolate that focuses on creating food products from natural ingredients. The company emphasizes local production to minimize the impact on land and resources while aiming to reduce global carbon emissions. By utilizing traditional fermentation techniques, Planet A Foods offers an alternative to conventional chocolate, allowing consumers to enjoy chocolate flavors without the associated environmental drawbacks of unsustainable cocoa production.

Stockeld Dreamery

Series A in 2021
Stockeld Dreamery is a producer of vegan food products focused on creating high-quality, nutritious alternatives to traditional cheese. By utilizing legumes, the company develops cheese that mimics the taste and melting properties of conventional cheese, making it appealing to both consumers and culinary professionals. Stockeld Dreamery aims to provide a sustainable and accessible source of protein, prioritizing the efficient use of the planet's resources while striving to be recognized as one of the top choices for chefs and restaurants. The company's commitment to flavor and nutrition positions it as a leader in the plant-based food market.

Planet A Foods

Pre Seed Round in 2021
Planet A Foods is a producer of plant-based, cocoa-free chocolate that focuses on creating food products from natural ingredients. The company emphasizes local production to minimize the impact on land and resources while aiming to reduce global carbon emissions. By utilizing traditional fermentation techniques, Planet A Foods offers an alternative to conventional chocolate, allowing consumers to enjoy chocolate flavors without the associated environmental drawbacks of unsustainable cocoa production.

Arborea

Seed Round in 2021
Arborea Ltd. is a biochemical technology company based in London, United Kingdom, founded in 2015 by CEO Julian Melchiorri. The company specializes in developing innovative bio-based products utilizing carbon bio-converter cell technology, particularly focusing on urban environments and wastewater treatment. Arborea has created the BioSolar Leaf system, a tiling solution that mimics the natural processes of photosynthesis, enabling the growth of microscopic plants to produce healthy food ingredients. This system sequesters carbon dioxide, generates breathable oxygen, and purifies the air, thereby addressing environmental concerns while enhancing food production. By offering a scalable and cost-effective platform, Arborea aims to make sustainable and nutritious food accessible to all, significantly reducing the costs associated with traditional fermentation methods. Through its unique approach, the company is committed to harmonizing food production with ecological sustainability.

THIS

Series A in 2021
THIS is a plant-based meat brand that specializes in producing alternative meat products designed to cater to meat lovers. The company focuses on creating products from plant-based ingredients that are fortified with essential nutrients such as vitamin B12 and iron. By doing so, THIS aims to provide a satisfying culinary experience that mimics the taste and texture of traditional meat, allowing consumers to enjoy their favorite dishes without the ethical implications of animal consumption. The brand positions itself as a viable option for those seeking healthier and more sustainable dietary choices while maintaining the flavors and satisfaction typically associated with meat-based meals.

Nilus

Seed Round in 2021
Nilus operates a technology-driven platform focused on reducing food waste and insecurity in the Americas. The company employs artificial intelligence and crowdsourcing to identify and rescue edible food nearing expiration from suppliers, then redistributes it through community kitchens to provide low-income individuals with affordable access to healthy meals. By streamlining supply chain inefficiencies, Nilus aims to eradicate malnutrition among the region's poverty-stricken population, ultimately becoming the largest impactful food company in the Americas.

Mission Barns

Series A in 2021
Mission Barns, Inc. is a biotechnology company based in Berkeley, California, founded in 2018. It specializes in the production of cell-cultured meat by cultivating animal cells in a nutrient-rich environment. By utilizing cellular agriculture techniques, Mission Barns aims to create sustainable meat products that minimize the negative impacts associated with traditional intensive animal farming. The company focuses on growing meat in a way that is efficient and environmentally friendly, allowing consumers to enjoy juicy and savory meats while contributing to a more sustainable food system.

BLUU Seafood

Seed Round in 2021
BLUU Seafood is a biotechnology company focused on the development and commercial production of cultivated fish. The company specializes in food technology that creates seafood products derived from fish cells, offering a healthier and more sustainable alternative to traditional fishing practices. By prioritizing the well-being of animals and the preservation of fragile ocean ecosystems, BLUU Seafood aims to provide nutritious fish products that can be enjoyed for generations. Through its innovative approach, the company seeks to meet the growing demand for sustainable seafood while minimizing environmental impact.

HERO Protein

Pre Seed Round in 2021
HERO Protein is an alternative protein company dedicated to producing plant-based meat products that are both flavorful and accessible. The company utilizes high moisture extrusion technology, a method not widely employed by domestic plant-based brands in China as of 2021, to create alternatives to beef, chicken, and fish. HERO Protein's offerings aim to provide consumers with the culinary experience and taste of conventional meat while prioritizing food safety, nutrition, and sustainability. Through its innovative approach, HERO Protein seeks to meet the growing demand for plant-based options in the marketplace.

Bond Pet Foods

Convertible Note in 2020
Bond Pet Foods, established in 2015 and based in Boulder, Colorado, specializes in manufacturing pet food products using real animal protein produced through fermentation. The company cultivates animal proteins in a lab setting using biotechnology, eliminating the need for animal slaughter. These proteins are then harvested and formulated into pet nutrition and food products, meeting the specific dietary requirements of companion animals. Bond Pet Foods aims to provide sustainable, all-natural, and animal-free alternatives for pet owners seeking eco-friendly options.
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