Eatable Adventures’ Top 10 FoodTech Headlines of 2021

As 2021 is coming to an end, Eatable Adventures has created a compilation of the Top 10 Foodtech news. Additionally, you can download the report “The State of Foodtech in Spain” – presented this month – and learn about every great evolution that has undergone this industry and how it has tripled its investments in the last year.

Top 10 FoodTech Headlines of 2021

  1. Eatable Adventures launches a €50 million Fund for investing in Early-stage food and Agriculture Tech startups. The fund will make early and growth-stage investments targeting the most disruptive startups in food and agriculture tech across Europe and Latin America.
  2. The World’s First Incubator for the Dairy sector was launched by Pascual Innoventures in collaboration with Eatable Adventures. Mylkcubator becomes the first international incubator focused on the detection and development of highly innovative startups in the dairy industry.
  3. The Future is Cultured Meat. Cell culture production is one of the most promising trends, which will allow the development of functional and personalized products. Cultured meat is expected to account for 35% of meat industry consumption within 20 years.
  4. The Forward-thinking Projects Expected to Revolutionize the Bakery world. Baking the Future, the world’s first bakery acceleration program hosted by Europastry, has singled out three revolutionary startups from hundreds of hopefuls, which are expected to change the bakery space.
  5. The Spain Foodtech program aims to support the development of Foodtech projects with a solid technological base. Spain is coming out as one of the leading countries in Foodtech in Europe and even on a global level; the market has developed significantly in the past few years and is having enormous momentum.
  6. Madrid Food Innovation Hub is a Pioneering Experience in the World. The business incubator Madrid Food Innovation Hub was born with the mission of promoting disruptive food technologies and revolutionizing the global food industry in order to become a European reference center.
  7. The 10 Startups that are developing Plant-based Seafood Substitutes. Seafood is gaining a lot of traction with the rise of alternative proteins in the industry and startups are focusing on developing more sustainable products from algae and plant-based proteins.
  8. The Future of Food: Fungi and Robots Rule. From fermentation to robots, the future of food and how the world eats are dramatically changing. Here are some of the most exciting innovations on the horizon. Sustainability will definitely remain a trend in 2022.
  9. The 6 Startups that are using Mushrooms as an innovative solution in the Foodtech field. Companies in Foodtech are also harnessing mushroom fermentation to develop more sustainable food. Mushroom-based protein seems to be catching up with plant-based and cell-based solutions in popularity.
  10. Cultivated Meat: Out of the Lab, into the Frying Pan. Cultured meat has the potential to replicate the taste, texture, smell, nutritional composition and appearance of conventional meat. Making cultivated meat a $25 billion global industry by 2030 presents opportunities within and beyond today’s food industry

Spain has one of the most advanced Foodtech ecosystems in the world, growing exponentially year after year. Eatable Adventure’s quantitative study “The State of Foodtech in Spain 2021” clearly demonstrates the country’s strengths by analyzing several different areas within the sector.

Discover the answers to questions such as How has Foodtech evolved in the last year? and What are the keys to improving the competitiveness of the food industry in Spain?

Download the report here

5 Spanish Startups Leading Investments in 2021

Spanish foodtech startups are attracting higher investments, even from initial rounds. As a result, investment in foodtech projects has experienced an important growth during 2021 reaching a total of 695 million euros. This represents a 220% increase compared to 2020, which demonstrates the potential of the foodtech sector in the coming years. 

The investment momentum is determined by a set of relevant factors: greater knowledge of the sector by non-specialized national investors, the entry of international venture capital with bets similar to those of more developed ecosystems, and access to larger rounds by more mature startups and scale ups. 

GLOVO

The Barcelona-based multi-category delivery startup landed the largest funding round for a Spanish startup earlier this year of 450 million euros. Glovo’s intention is to use the investment to expand their presence in their existing 20 markets, plus focus more on the Q-Commerce (Quick Commerce) division. 

 

BIOTECH FOODS

BioTech Foods is a Spanish start-up founded in 2017 with the mission of producing and commercializing cultured meat. JBS, the Brazilian meat giant, is looking to expand into the cultured meat sector and invested 36 million euros on BioTech Foods to enable the firm to build an industrial plant in the Basque Country with the main objective being to have the new plant ready in 2024, when commercialization is expected to begin. 

 

HEURA

Most famously known for their vegan chicken alternative, foodtech startup Heura received 16 million euros in funding. The funds will go towards developing vegan pork and increasing its global expansion, especially in the British and American markets. This investment came just weeks after Heura’s crowdfunding campaign that raised 4 million euros in just 24 hours. 

 

BIOME MAKERS

Biome Makers raised 15 million dollars to secure their position as a global leader in biological soil analysis. The funds will go towards accelerating the global expansion of BeCrop® as the industry standard for functional soil analysis and sustainable soil health recovery, and Gheom® as an independent assessment program measuring the impact of crop inputs and farming practices to support a personalized agriculture.

 

CROWDFARMING

CrowdFarming raised 15 million euros to facilitate the entry of new producers onto its platform, improve its logistics and help more producers obtain EU organic certification. The startup’s mission is to democratize the food supply chain through direct sales to the end consumer, for which they have developed a marketplace where customers can access products in this way.

 

Download Eatable Adventure’s Report THE STATE OF FOODTECH IN SPAIN 2021 here.

 

Investment received by foodtech startups in Spain triples in 2021

Spain has more than 400 Foodtech startups, being one of the major powers in the sector worldwide.

The agri-food sector is one of the engines of the Spanish economy, concentrating almost 10% of GDP, but we also have the opportunity to become a world power in innovation in the sector, thanks to “Foodtech”, a term with which any technology applied to the agri-food value chain is known. And this is demonstrated by the 2021 edition of the report on the State of Foodtech in Spain, a quantitative study that analyzes the sector that has been prepared for the second year by Eatable Adventures, one of the three leading foodtech accelerators globally.

2021 has been a great year for the entrepreneurial ecosystem in new technologies applied to food. Despite the difficulties suffered by the economy as a result of COVID-19, the net figure of 407 startups in the sector was consolidated, with 9% of them having been born this year. Spain is positioned as one of the main global powers in the sector, similar to France, ahead of the United Kingdom, but far behind the 900 startups in Israel or the 200 in Singapore, much smaller territories than our country. 

However, the most remarkable fact is the significant growth in investment received by these startups throughout 2021, reaching 695 million Euros, a growth of +220%, more than triple that in 2020. This figure places foodtech as the second category of investment in startups in our country, behind only transportation. Most of this investment takes place in very early stages (23% preseed and 46% seed). The 23% is in series A and only 5% in later stages or 2% in acquisitions. Glovo leads the highest round, with 450 million euros, followed by Biotech Foods with 36 million euros, Heura with 16 million euros and Biome Makers and Crowdfaming with 15 million euros each. 

 

Startups and the agri-food value chain

The concern of our entire society for sustainability, combined with the growing demand of consumers for healthier products, has been understood by the sector as great opportunities, increasing the number of startups that focus on the primary sector of the chain, on agriculture and livestock, seeking more sustainable formulas in production. Thus, 24% of startups work in agrifoodtech (vs. 17% in 2020), 35% in production and transformation, 24% in distribution and retail, and 17% in restaurant tech. 

Of those startups working in the primary sector, this year there is a greater weight in projects focused on the modernization of crops, applying software and automation in the processes (36%), while the weight of new methods of cultivation (18%) or the application of biotechnology in the fields (16%) is slightly reduced.

Analyzing the food process, which continues to be the most important point in the agri-food value chain (35%), there is a change in the search for new ingredients with which to produce alternative foods (47%), as opposed to plant-based or insect-based foods, which was the main driver until now (24%).

In the logistics section, the weight of direct-to-consumer models (74%), which in 2020 had gained very significant weight due to COVID-19, is slightly reduced. However, we see how many of these startups, which started out focused on the distribution of cooked food in restaurants (delivery), are expanding their catalogs to shift towards e-grocery.

Finally, in restaurant tech, we can clearly see how projects related to improved management thanks to artificial intelligence and the use of data are growing (40%), whereas until now this category was led by reservation platforms.

An important point of the study is the technology used in these projects. In 2021 we see how the use of biotechnology (32.05%) grows, mainly in food processing and crop improvement, but also Artificial Intelligence (28.21%) and Machine Learning (24.36%), in this case in a much more transversal way as they have applications in practically all points of the value chain. Robotics (12.82%) and Blockchain (6.41%) have a lower use in the volume of projects analyzed, for having a lower versatility and being more specific technologies but we see how there is growth compared to the 2020 report, confirming their consolidation as base technologies of foodtech.

It is important to highlight that 30.2% of the projects have patents, which helps to build a solid ecosystem with its own intellectual property that places our country in an opportune position of leadership, allowing us to export not only materials and processes, but also knowledge.

The profile of the entrepreneur is similar to that of the previous year: 40 years old, male (80%), starting up alone (14%) or with 1 partner (26%), and with less than 5 employees (46%), but 92% of them declare that in 2022 they will increase their workforce, confirming the employment generation capacity of the ecosystem.

 

What still needs to be improved, according to entrepreneurs

The study also includes a qualitative dimension that seeks to reflect the sector’s unfinished business. According to this, entrepreneurs state the importance of research centers in the development of startups in the sector (89% in 2021 vs. 65% in 2020), although it is perceived that universities do not fulfill this role, although this has improved slightly (50% in 2021 vs. 61% in 2020).

Knowledge of the sector by international investors is attributed as a reason why they invest in the sector (88% in 2021 vs 85% in 2020), which contrasts with the sentiment that the domestic investor lacks this knowledge, although this has improved this year (41% in 2021 vs 63% in 2020). It is important to highlight how the data reflects the change that the food industry is undergoing and is perceived as supporting the development of startups (67% in 2021 vs 43% in 2020).

And the point of subsidies is still pending, although it has improved. Entrepreneurs continue to demand greater ease of access to specific public aid for the sector (53% in 2021 state that this is a problem vs 72% in 2020).

For José Luis Cabañero, CEO of Eatable Adventures: “The tripling of investment data in 2021 and the significant volume of startups operating in our country show how the foodtech sector is confirmed as a great opportunity for the economy of our country, which will grow even more with the involvement of the public sector, corporations, research centers and universities”.

Download here the report and get to know more about our thriving food technology scene.

Do you have THE IDEA that will revolutionize Consumer Packaged Goods?

The first incubation program for consumer packaged foods and beverages in the city of Madrid has launched, promoting entrepreneurship, innovation and technology in the food sector. It is a pioneering experience in the world that will revolutionize the industry from our city, by Madrid Food Innovation Hub.

This incubation program is dedicated to projects developing packaged food products and packaged beverages by applying new technologies during formulation and/or production. They also may be accompanied by the development of new business models in the digital environment that allows a direct relationship with the consumer and the disintermediation of the sale of these innovative products. 

The selected startups must have the ambition to revolutionize the sector, and have a very clear focus on the commercial viability of the projects and their contribution to the industry, with a real impact on the economy and society. The program is focused on the establishment and consolidation of new companies. 

What kind of projects is the program looking for?

  • Packaged products with a focus on sustainability.
  • Foods or beverages with a positive effect on health (extra energy intake, proteins, superfoods…).
  • Products with improved nutritional composition (short list of ingredients or without superfluous additives).
  • Ready-to-eat or easy-to-prepare foods and beverages (snacks/prepared meals).

 

Who is the program aimed at?

The incubator is aiming to receive projects with less than 12 months of life, still in the idea phase or projects that need to transform/pivot. Also, innovative projects developing packaged food and beverages, responding to new consumer needs.

Some of the areas considered of interest may be:

  • Packaged products with a focus on sustainability.
  • Foods or beverages with a positive effect on health (extra energy intake, proteins, superfoods, etc.).
  • Products with improved nutritional composition (short ingredient lists or without superfluous additives).
  • Ready-to-eat or easy-to-prepare foods and beverages (snacks/prepared meals).

Projects that will also be especially valued include having advanced business models that allow a direct relationship with consumers and facilitate access to these new products; projects that have an ambitious team willing to scale their project; projects that have not yet received their first investment or are planned as self-employment projects; and projects promoted by unemployed or economically vulnerable people will be especially valued. All projects must be based in the Community of Madrid.

 

What does the program offer?

A 12-week personalized theoretical and practical program in which participants will enjoy a free coworking space in Madrid Food Innovation Hub, located in the Villaverde district of Madrid, equipped with a kitchen and laboratory with everything necessary for concept testing.

Participants will also benefit from weekly tutorials with the program director to advance in the development of the project, in addition to mentoring sessions with experts. They will also have access to the largest network of food entrepreneurs with more than 25,000 people.

Moreover, there will be a demo day to present the projects and test days with consumers. This wil include a network of potential investors, venture capitals, business angels and corporations.

 

Visit the website for more information!

Mylkcubator kicks off its first edition with four startups to shape the future of dairy

Mylkcubator

Mylkcubator, the first global incubator specialized in the advancement of innovation projects for the dairy sector, launches its first edition with four amazing startups selected from across the world. Thanks to this incubation program, launched by Pascual Innoventures in collaboration with Eatable Adventures, these promising startups are set to lay the foundations for a new path of development and innovation for the dairy industry and respond to the big challenges it faces.

Mylkcubator is not only the world’s first incubator specialized in the dairy sector, but also establishes itself as an international reference with its four chosen startups coming from different continents. These startups were carefully selected for their projects and technological developments to obtain the dairy products of the future. 

According to Sejal Ravji, director of Pascual Innoventures, “Mylkcubator launches its first edition with the aim of marking a dramatic before and after in food innovation. I think we are facing global challenges that can only be resolved thanks to bold bets like this; it’s a starting point for the development of the dairy products of the future.  It’s a very ambitious project at many levels, including technological, but we’re partnering with leading experts, companies, and investors from all over the world who share our vision to make it happen”.

Thus, Pascual, through Pascual Innoventures continues to promote innovation, anticipate trends and create a more sustainable food system future for all. The Mylkcubator program is another testament to their commitment to this end.

The selected startups:

  • Real Deal Milk (Spain) develops milk proteins through precision fermentation in order to make dairy products that are produced without animals but are nutritionally and gastronomically equivalent to traditional dairy products.
  • Zero Cow Factory (India) producing India’s first milk & dairy products (certainly a world’s first in A2 milk protein) using microbial bioengineering & precision fermentation. 
  • De Novo Dairy (South Africa) uses precision fermentation technology to produce animal-free dairy proteins that provide the same sensory experience and nutrition as their traditional dairy counterparts.
  • M2Factors (USA) 108Labs’ subsidiary M2Factors, Inc is accelerating the state of the art in cell-cultured dairy by crashing the cost of production.

The launch of Mylkcubator has attracted the attention of companies, technology centers and professional investors from all over the world.

Renowned research hubs have already expressed their willingness to collaborate with some of the selected startups in the development of their research. In fact, these partnerships will allow the teams to work in some of the most cutting-edge facilities of these research centers, ‘professionalizing’ and boosting the development process of the projects. 

In addition, leading funds investing in startups working on technologies for developing protein alternatives in the agri-food sector, such as Blue Horizon, Lever VC, Unovis or Ninepointfive, a venture capital fund specialised in leveraging corporate acceleration, will also monitor Mylkcubator’s technological developments to advise these startups and look for future collaboration opportunities to maximize the potential of their projects.

The incubation program will commence with the first sessions to determine the state of development of each project both at a business and technological level with guidance from Pascual Innoventures, Eatable Adventures and the investors and partners involved. In addition, the feasibility of the innovations and the possible development of pilot projects for future business opportunities in the dairy sector will be studied.

Mylkcubator website: mylkcubator.com

MOA foodtech, one of the Spain Foodtech finalists, raises 1.5 million in less than a year since its creation

MOA Foodtech has obtained 1.5 million euros as a seed round to scale its production of sustainable proteins for food and expand to the Asian and American markets. This investment round was led by two IBEX 35 companies, plus the leading food accelerator in Southern Europe, Eatable Adventures, and Big Idea Ventures, the New York-based alternative protein fund.

Moa is founded by Susana Sánchez (CSO), who holds a PhD in microbiology and was previously the director of innovation of a biopharmaceutical company; José María Elorza (CFO), coming from the banking / M&A sector; and Bosco Emparanza (CEO), biochemist at the University of Navarra with an MBA in biotechnology companies. 

”Our current way of producing food is unsustainable. It causes 24% of greenhouse gases and 80% of deforestation, where 77% of the surface is used for animal feed. For this same reason, industry and society need sustainable and global solutions,” says Bosco Emparanza. ‘’Our mission is to produce sustainable and nutritious food. Right now we are working on developing foods using our ingredients in the dairy, meat and snack sector, among others.’’ 

Moa is committed to R&D and so far this year it has obtained nearly 400,000 euros in grants for the development of new technologies and applications.

Moa foodtech, together with Cocuus, Proppos, H2hydroponics and Innomy are the finalists of the first edition of Spain Food Tech, the Eatable Adventures’ acceleration program supported by the National Center for Food Technology and Safety (CNTA) and ICEX Spain Export and Investment.

Moa has been awarded: Orizont award for the most innovative company, finalists in Leyton CES Challenge Las Vegas, winner of the Spanish stop of the `On The Road! Culinary Action´ of the Basque Culinary Centre.

Madrid Food Innovation Hub Inauguration

The business incubator Madrid Food Innovation Hub was born with the mission of promoting disruptive food technologies and revolutionizing the global food industry in order to become a European reference center. This is the grand introduction of the new innovation and entrepreneur center developed by the Madrid City Council and located in the district of Villaverde. As the mayor, Jose Luis Martínez-Almeida, and the deputy mayor, Begoña Villacís, explained during the inauguration, the center is becoming one of the largest ecosystems of innovation and entrepreneurship in technology for the agri-food chain in Europe.

Madrid Food Innovation Hub is a pioneering experience in the world, whose objective is to revolutionize the global food industry. The center will develop several incubation and acceleration programs throughout the year, using different approaches and a deep training program for entrepreneurs in any area of the agri-food chain.

The innovation hub has a coworking space and a kitchen-laboratory of more than 300 m2, which is equipped with everything necessary to make concept tests, evaluation of prototypes and everything needed to develop projects. Madrid Food Innovation Hub activities, which include incubation programs, trainings and workshops with the district, will be completely free of charge for participants.

Almeida stressed that this new center is a clear example of how Madrid is capable of “reinventing itself”, since “here we were able to improvise the place from which thousands of meals for vulnerable people were provided” and, after just a few months, this has become “the place where we can reflect the will of the city of Madrid to win the future from innovation, talent and entrepreneurship”. In this sense, he stressed the need to support innovation by the administrations, assuring “that all those who want to start a professional and personal adventure in Madrid have in this City Council a faithful ally.”

Madrid Food Innovation Hub

As for Villacís, “we have the challenge of seeing how we are going to feed future generations” and for this “it is especially important that the Madrid City Council has thought about the need to create a council that is 100% focused on innovation”, something that, in her opinion, is beginning to be noticed “with projects like this, thinking, helping, creating, promoting and incubating companies that are going to dedicate themselves to thinking about how we are going to feed ourselves in the future.” According to the deputy mayor, the fact that Madrid is the second city in the world to assume this responsibility, behind Tel Aviv, “places us at the same level as the great European capitals and to be at the forefront of innovation.”

Promote entrepreneurship and innovation in the agri-food chain

With the collaboration of Eatable Adventures, one of the three largest foodtech accelerators in the world, Madrid Food Innovation Hub will work to promote entrepreneurship, supporting the ecosystem of Madrid startups in coordination with the strategy developed by the Delegated Area of ​​Innovation and Entrepreneurship that has led the capital to lead the ranking as the best Spanish city for entrepreneurship and as the sixth in Europe, according to the Financial Times.

After the inauguration of the space, Almeida y Villacís, together with the delegate of Economy, Innovation and Employment, Miguel Ángel Redondo; the delegate councilor for Innovation and Entrepreneurship, Ángel Niño and the councilor of Villaverde, Concha Chapa, have seen the work developed by the startups participating in the first incubation program of the hub and have tasted a menu designed by chef Íñigo Pérez ‘Urrechu’ and the Zalacaín R&D team that was made with raw materials from the foodtech startups: alternative proteins and vegetables grown in laboratories.

Baking the Future kicks off with three revolutionary projects that will change the world of baking

Cereal, Europastry’s new bread and pastry R&D center, hosted the presentation of the startups that will be part of Baking the Future, the first acceleration program in the bakery sector.

After receiving over 100 candidacies with innovative solutions from startups all over the world, three were chosen: Done Properly (Chile), Agrain (Denmark) and Bread Free (Spain).

 

From left to right: Javier Olave (Done Properly), Aviaja Riemann (Agrain), Daniel Gomez-Bravo and Miguel Cervera (Bread Free), Ana Thielen and Jordi Caballero (Cereal)

INNOVATION IN HEALTH AND SUSTAINABLE BAKING

Health and sustainability in food products are the drivers of the solutions presented by the three selected startups.

Thus, Chile’s Done Properly has successfully developed a cutting-edge technology that, through a fermentation bioprocess, reduces the amount of salt in products by boosting the natural flavors of foods.

Denmark’s Agrain, for its part, proposes a new method of food production involving the recycling of grain used in the brewing industry to transform it into flour. This grain has been partially used, as the beer brewing process uses just the sugars and starches. With the flour made by Agrain, it is possible to produce bread products that are more sustainable and have a higher nutritional value.

Lastly, Navarre’s Bread Free is the first company in the world capable of creating gluten-free wheat flour for making bread, pasta and other bakery products. This technology, pioneering in the world, is being developed in collaboration with the CNTA (Centro Nacional de Tecnología y Seguridad Alimentaria).

 

SIX MONTHS TO REVOLUTIONIZE BREAD BAKING

The goal of the Baking the Future program is to construct an open innovation model for Europastry. In the first six months, the entrepreneurs from Done Properly, Agrain and Bread Free will benefit from all the company’s resources, including mentoring sessions, a workspace and access to Cereal’s cutting-edge laboratories, and designs of business plans, among other forms of assistance, to develop their products and test their market viability. 

These months of preparation will be followed by Demo Day, the moment when the startups will present their projects to a network of private investors and highly qualified experts.

 

Interview with Loan Bensadon from Baïa Food

Baïa Food Co. is a Spanish startup that wants to improve the quality of life of people in our society. They mainly research on exotic fruits as a source of bioactive ingredients and develop functional food products with high added value. Among the startup’s key activities is the development of an ethical and sustainable value chain of a New Food from which a unique ingredient is extracted in nature with nutraceutical, food and cosmetic applications. The company currently markets a line of organic superfoods that come from small local crops where the different botanical species are endemic with the aim of positioning their brand “baïa” by opening different marketing channels.

 

Guillermo Milans del Bosch (left) and Loan Bensadon (second from right), co-founders of Baïa Food, during a trip to Ghana, where they grow the Synsepalum dulcificum berry.

In our conversation, Loan talked about the main difficulties they encountered while developing their business, especially as young entrepreneurs, and explained how they managed to overcome them. He also spoke about the evolution of the Spanish entrepreneurial ecosystem from when they started about 8 years ago until now and the support they had from the Israeli ecosystem that was already more mature. Regarding areas that can be improved, Loan believes that private investment and venture capital still have a long way to go in Spain.

In addition, since we have seen a great advance in AgriFoodTech in the last few years, we asked the co-founder about what that term means to him and how he would define it. According to him, “AgriFoodTech is a modern invention to bring together in a single term the entire food value chain (specifically plant-based) and the technology that is integrated into it to improve aspects of it. Agrifood covers from farm to table, in the traditional model of food production. The tech dimension refers to innovation in the chain, using and developing new technological tools that optimize chain management, improve productivity or the end consumer’s experience, create new and unlikely products, etc.”

You can find the full interview in Spanish here.

Eatable Adventures launches €50M fund for investing in early-stage food and agriculture tech startups

Eatable Adventures has just announced the launch of its first €50 million fund: EATABLE EVOLUTION FUND I FCR. The vehicle will make early and growth-stage investments targeting the most disruptive startups in food and agriculture tech across Europe and Latin America. This will be the biggest fund of its kind in Spain and one of the top 3 in Europe.

This milestone marks a new stage of growth for the company, that has already launched more than 10 accelerator and incubation programs, while collaborating as the go-to advisor on open innovation for the leading global food corporations. 

The fund’s launch arrives as the global foodtech scene demonstrates an impressive growth. According to Agfunder, in the first half of 2021, startups have globally raised $24 billion, getting very close to the total for all of 2020.

Eatable Adventures’ latest accelerator program, Spain Foodtech, included a diverse portfolio of startups ranging from upstream technologies like the hyper realistic 3D printed plant based steak of Cocuus, to the protein creation through fermentation of MOA foodtech, the mycelium based burgers of Innomy, H2hydroponics vertical farming and indoor farming facilities in the most extreme climates and downstream solutions like Proppos’ artificial intelligence and computer vision for unattended Point of Sale in foodservice. The results of this cohort have demonstrated almost a double digit growth in value in only six months.

The upcoming startups participating in the next call for projects will have access to the Eatable Adventures’ hands-on methodology, with a dedicated team focused on their business model, route to market strategy, industrial scaling, and showcasing their products and solutions to large industrial partners. 

From left to right: José de Isasa, Mila Valcárcel, José Luis Cabañero, Gonzalo Ramírez Martiarena

Eatable Adventures’ founders, José Luis Cabañero, Mila Valcárcel, José de Isasa, will be joined by new partner Gonzalo Ramírez Martiarena, Founder and CEO of Swiss Pampa and former Global CEO of Louis Dreyfus Company, one of the world’s leading companies in the industrialization and marketing of agricultural products, who is also a leading investor in foodtech startups, with investments in 18 projects with global reach.

“Through a variety of initiatives Eatable Adventures has positioned itself as one of the 3 most active foodtech accelerators worldwide, given our mission of building tomorrow’s food companies. Thanks to Eatable Evolution Fund we will have an even more impactful contribution to the future of the food industry.” states José Luis Cabañero, CEO of Eatable Adventures

The fund is currently pending approval by the Comisión Nacional del Mercado de Valores (Spanish Securities Market Commission). The management company will be Abante Asesores Gestión SGIIC, S.A., a financial institution with extensive experience in the management and administration of private equity vehicles with more than 1,200 million euros under management in these vehicles.