Munich \u2014 The Euro\u00adpean Circu\u00adlar Bioe\u00adco\u00adnomy Fund (ECBF) is leading the Series A finan\u00adcing round of nine million euros for Vegdog. The ECBF is a private venture capi\u00adtal fund dedi\u00adca\u00adted exclu\u00adsi\u00advely to the bioe\u00adco\u00adnomy and circu\u00adlar economy. It invests in visio\u00adnary Euro\u00adpean entre\u00adpre\u00adneurs who are driving the tran\u00adsi\u00adtion from a fossil-based to a bio-based economy. <\/p>\n
Vegdog was foun\u00added in 2015 by Tessa Zaune-Figlar and Vale\u00adrie Hens\u00adsen and offers the first vegan, gluten-free and 100% complete dog food deve\u00adlo\u00adped in colla\u00adbo\u00adra\u00adtion with specia\u00adli\u00adzed veterinarians.<\/p>\n
The ECBF is inves\u00adt\u00ading in Vegdog because of the company\u2019s enorm\u00adous poten\u00adtial to revo\u00adlu\u00adtio\u00adnize the dog food market with sustainable and healthy solu\u00adti\u00adons. Vegdog is plan\u00adning growth rates of up to 80 percent in the coming years. The Vegdog team is set to double in size in 2025 in order to realize the plan\u00adned expan\u00adsion into the entire DACH region as well as the Nether\u00adlands and other Euro\u00adpean count\u00adries in 2026. <\/p>\n
A signi\u00adfi\u00adcant part of the invest\u00adment comes from the ECBF toge\u00adther with the exis\u00adting inves\u00adtor Green Gene\u00adra\u00adtion Fund (GGF)<\/strong>. Further capi\u00adtal comes from the busi\u00adness angels Domi\u00adni\u00adque Locher, Attollo S.A.<\/strong> and Andrea Sker\u00adsies<\/strong> (The Nutri\u00adment Company, form\u00aderly Zooplus). The invest\u00adment plat\u00adform Select Alter\u00adna\u00adtive Invest\u00adments<\/strong> and the exis\u00adting share\u00adhol\u00adder SFO<\/strong> are also invol\u00adved in the finan\u00adcing round. <\/p>\n Mridul Pareek, Invest\u00adment Asso\u00adciate at ECBF, says: \u201cDriven by an outstan\u00adding leader\u00adship team and a compel\u00adling mission, VEGDOG has quickly become a pioneer in plant-based dog food. We are exci\u00adted to support their Series A round and guide them on their jour\u00adney to create sustainable and posi\u00adtive change in the indus\u00adtry. Bird & Bird was instru\u00admen\u00adtal in guiding us through the comple\u00adxi\u00adties of this invest\u00adment and ensu\u00adring a smooth and successful closing for all parties involved.\u201d<\/p>\n About ECBF<\/strong><\/p>\n The Euro\u00adpean Circu\u00adlar Bioe\u00adco\u00adnomy Fund (ECBF) is the first venture capi\u00adtal fund in Europe[1] dedi\u00adca\u00adted exclu\u00adsi\u00advely to the bioe\u00adco\u00adnomy and circu\u00adlar economy. The ECBF was foun\u00added in 2019 and focu\u00adses on Euro\u00adpean and asso\u00adcia\u00adted count\u00adries. Origi\u00adnally plan\u00adned with a total volume of 250 million euros, the fund over\u00adsub\u00adscri\u00adbed with a total volume of 300 million euros. As a later-stage inves\u00adtor, the ECBF invests in growth compa\u00adnies. As a rule, the ECBF invests between two million euros and 20 million euros in port\u00adfo\u00adlio compa\u00adnies. \u2014 https:\/\/www.ecbf.vc <\/p>\n Advi\u00adsor Euro\u00adpean Circu\u00adlar Bioe\u00adco\u00adnomy Fund: Bird & Bird<\/strong> As a leading inter\u00adna\u00adtio\u00adnal law firm, Bird & Bird<\/strong> is the part\u00adner for ever\u00adyone who wants to defend and streng\u00adthen their super\u00adpowers. Thanks to our orig\u00adins in IP law, we under\u00adstand the core of every company, the requi\u00adre\u00adments of the market and compe\u00adti\u00adtion and how to achieve sustainable success. We call it sector focus. And with this DNA, we are now your law firm for all legal issues rela\u00adting to tech\u00adno\u00adlogy, digi\u00adta\u00adliza\u00adtion and regu\u00adla\u00adtion. With over 1,600 lawy\u00aders in 33 offices in 23 count\u00adries, we are repre\u00adsen\u00adted in Europe, North America, the Middle East, Asia-Paci\u00adfic and Africa and main\u00adtain close rela\u00adti\u00adonships with law firms in other parts of the world. In Germany, we are repre\u00adsen\u00adted by more than 280 lawy\u00aders in D\u00fcssel\u00addorf, Frank\u00adfurt, Hamburg and Munich. \u2014 www.twobirds.com.<\/p>\n","protected":false},"excerpt":{"rendered":" Munich \u2014 The Euro\u00adpean Circu\u00adlar Bioe\u00adco\u00adnomy Fund (ECBF) is leading the Series A finan\u00adcing round of nine million euros for Vegdog. The ECBF is a private venture capi\u00adtal fund dedi\u00adca\u00adted exclu\u00adsi\u00advely to the bioe\u00adco\u00adnomy and circu\u00adlar economy. It invests in visio\u00adnary Euro\u00adpean entre\u00adpre\u00adneurs who are driving the tran\u00adsi\u00adtion from a fossil-based to a bio-based economy. [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":56895,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-56897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
\nCoun\u00adsel Andrea Schlote (Corpo\u00adrate, Munich).<\/p>\n