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 optimizes vertical farming operations globally through its software. It uses sensor technology and AI for precise climate control, enhancing crop yields and reducing energy costs.

OlsAro

Seed Round in 2024
OlsAro produces salt-tolerant crops.

Planet A Foods

Series A in 2024
Planet A Foods specializes in producing cocoa-free chocolate. The company focuses on local food production with minimal environmental impact, aiming to reduce global carbon emissions.

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 operates an environmental protection company focused on combating global warming through accelerating natural weathering processes. It achieves this by grinding silicate rocks and applying them to tropical soil, enabling farmers to replace chemicals with natural rock powders sourced from local mines.

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 operates an environmental protection company focused on combating global warming through accelerating natural weathering processes. It achieves this by grinding silicate rocks and applying them to tropical soil, enabling farmers to replace chemicals with natural rock powders sourced from local mines.

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 develops customized chickpea varieties to move chickpeas from an interesting ingredient to a staple superfood. Using a diverse breeding library and a proprietary platform grounded in plant genetics and machine learning, it creates chickpeas with enhanced protein content, targeted functional properties, and favorable agronomic traits. The company aims to deliver better nutrition, improved flavor, and more economical ingredients while reducing agriculture's environmental footprint. By offering multiple lines of chickpeas tailored to nutritional and environmental requirements, NuCicer supports the growth of protein-rich diets and related sectors, including plant-based foods and alternative meat.

Nutropy

Pre Seed Round in 2022
Nutropy produces real milk ingredients identical to those produced by cows, using microbes and fermentation. They develop premium cheese alternatives that offer the same taste as cow's cheese but are more sustainable, healthier, and better for animals.

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 develops customized chickpea varieties to move chickpeas from an interesting ingredient to a staple superfood. Using a diverse breeding library and a proprietary platform grounded in plant genetics and machine learning, it creates chickpeas with enhanced protein content, targeted functional properties, and favorable agronomic traits. The company aims to deliver better nutrition, improved flavor, and more economical ingredients while reducing agriculture's environmental footprint. By offering multiple lines of chickpeas tailored to nutritional and environmental requirements, NuCicer supports the growth of protein-rich diets and related sectors, including plant-based foods and alternative meat.

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 harnesses Lemna, an aquatic plant with water-cleaning capabilities, to produce sustainable functional ingredients for the food industry. Its flagship product, Flora, enhances sweetness perception while reducing sugar and masking unwanted notes from high-intensity sweeteners.

Planet A Foods

Seed Round in 2021
Planet A Foods specializes in producing cocoa-free chocolate. The company focuses on local food production with minimal environmental impact, aiming to reduce global carbon emissions.

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 specializes in producing cocoa-free chocolate. The company focuses on local food production with minimal environmental impact, aiming to reduce global carbon emissions.

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 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.

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 developing and commercially producing cultivated seafood made from fish cells. The company aims to offer nutritious fish products that are healthier and more sustainable by growing seafood in controlled environments, reducing reliance on traditional fishing and minimizing harm to animals and vulnerable ocean ecosystems. Through food technology, Bluu Seafood seeks to bring cultured fish products to the market for consumers seeking sustainable choices.

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
Founded in 2015, Bond Pet Foods produces sustainable pet food using biotechnology. It creates animal protein through fermentation without slaughtering animals, meeting the nutritional requirements of companion pets.
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