European investors, the Belgian federal government and some wealthy Belgian business families have collected 275 million euros for sustainable food and agricultural technology.
The investors in the new Adstanor Ventures include a number of large Belgian business families, reports the Flemish daily De Tijd.
Belgian investors brought in a quarter of the money; between 60 and 70 million euros. Those investors include the Toye families (holding Diepensteyn) and Colruyt (investment company Korys), the Colruyt group and Belfius Insurance. The Adriaenssen-de Spoelberch family and the Belgian federal government also put money on the table.
The investors all have an affinity with food and / or agriculture and endorse the sustainable ambitions of the new fund. The Colruyt family, for example, has been one of the main players in the wind energy sector for many years. Astanor Ventures has already made several investments, including one in Aphea.Bio, which focuses on bio-fertilizers and bio-pesticides.
Astanor focuses on companies operating in four themes: health, climate change, less polluted oceans and food quality. Astanor targets European and American technological start-ups that focus on healthy food and will put 1 to 15 million euros on the table per file.
'The footprint of the food and agricultural sector is enormous,' says Astanor partner Hendrik Van Asbroeck. 'This leads to rising greenhouse gas emissions, scarcity of raw materials, waste, chronic diseases and a loss of quantity and quality. We must ensure that people have access to affordable healthy food. The corona crisis has shown the vulnerability of our food chain, 'says the new investment fund for sustainable food production.