Second fund of €100 million for Food & Agritech Fund Oyster Bay

Hamburg — Oyster Bay has closed its second fund with a volume of over EUR 100 million. YPOG provi­ded compre­hen­sive legal, tax and regu­la­tory advice to Oyster Bay on the struc­tu­ring of its second gene­ra­tion fund. The fund signi­fi­cantly excee­ded its origi­nal target with a total volume of over EUR 100 million. Leading insti­tu­tio­nal inves­tors as well as nume­rous entre­pre­neurs and compa­nies from the natio­nal and inter­na­tio­nal agri-food sector have inves­ted in the fund. 

Oyster Bay invests along the entire food value chain — in tech­no­lo­gies, products and busi­ness models that drive the trans­for­ma­tion of the global food system. The food sector is >the worl­d’s largest indus­try, accoun­ting for 10 percent of global econo­mic output, 40 percent of all jobs and USD 10 tril­lion in sales. At the same time, less than eight percent of climate-rela­­ted VC invest­ments world­wide have so far gone into food and agri-tech. Oyster Bay speci­fi­cally addres­ses this struc­tu­ral imbalance. 

The new gene­ra­tion of funds has alre­ady inves­ted in seve­ral high-growth food and agri­tech compa­nies, inclu­ding good­Bytz (robo­tics solu­ti­ons for profes­sio­nal kitchens), Nukoko (alter­na­tive cocoa produc­tion), Arda Bioma­te­ri­als (upcy­cling of brewery grain resi­dues) and seeda­live (AI-supported rapid tests to deter­mine seed germi­na­tion capacity).

Oyster Bay’s first gene­ra­tion of funds — also advi­sed by YPOG — inves­ted in compa­nies such as Air-Up, True Gum and Oatly at an early stage and, accor­ding to indus­try bench­marks, is among the most successful ten percent of its Euro­pean peer group.

“The successful launch of the second gene­ra­tion fund under­lines how stron­gly Oyster Bay is posi­tio­ned in the Euro­pean food and agri­tech ecosys­tem,” says Dr. Julian Albrecht, Part­ner at YPOG. “The team combi­nes deep entre­pre­neu­rial know-how with a clear impact ambi­tion. We are deligh­ted to have supported the struc­tu­ring and thus contri­bute to enab­ling inno­va­tive foun­ders to actively drive change in the global food industry.” 

About Oyster Bay

Oyster Bay is a venture capi­tal firm that invests in healthy, sustainable and func­tional food & beverage compa­nies and disrup­tive agri-tech compa­nies. — www.oysterbay.vc

Advi­sor Oyster Bay: YPOG

Dr. Julian Albrecht (Lead, Funds), Part­ner, Hamburg
Dr. Nick Tambu­rello (Funds), Asso­ciate, Hamburg