Document › Details

ECBF Management GmbH. (12/15/20). "Press Release: The European Circular Bioeconomy Fund Welcomes Nestlé as an Investor to Accelerate Sustainable Innovation in Europe". Luxembourg.

	Organisation	ECBF Management GmbH
	Group	ECBF (European Circular Bioeconomy Fund) (Group)
	Organisation 2	Nestlé (Group)
	Product	European Circular Bioeconomy Fund SCSp I (ECBF SC Sp I)
	Product 2	foods & beverages
	Index term	ECBF–Nestlé: investment, 202012 2nd closing with additional sum totalling €93m incl new investor Nestlé
	Index term 2	ECBF–SEVERAL: investment, 202012 2nd closing with additional €93m from new investors bringing total to €175m
	Person	Brandkamp, Michael (ECBF 202001– General Partner before Managing Director at High-Tech Gründerfonds)
	Person 2	Wanner, Antonia (Nestlé 202012 Head ESG Strategy + Deployment Unit)

ECBF Management GmbH today announced Nestlé’s investment in the second closing of the European Circular Bioeconomy Fund (ECBF), the first venture fund exclusively focused on scaling up late-stage circular bioeconomy companies in Europe. Circular bioeconomy includes innovation in the food and feed sectors as well as in sustainable packaging. With the commitment of Nestlé, ECBF Management GmbH has successfully raised €175 million in total. The €93 million raised in ECBF´s second closing has doubled the Fund´s size only two months after it assumed operations.

With a target size of €250 million, ECBF will be an important financial instrument contributing to the European Green Deal of making Europe climate neutral by 2050. Nestlé as well as Neste Oyj, Volkswohl Bund Versicherungen, NRW.BANK and one family office participated in this investment round.

“We are pleased to contribute funding and expertise to scale up innovative solutions in the renewable and bio-based sectors in Europe,” said Antonia Wanner, Head of Environmental, Social and Governance (ESG) Strategy and Deployment Unit at Nestlé. “This investment is in line with our commitment on sustainable packaging and our plans to combat climate change.”

“ECBF welcomes Nestlé as an active partner to fuel the growth of European Bioeconomy companies. Nestlé´s great expertise and network in food and packaging increase ECBF´s capacity to evaluate and support innovative scale-ups significantly. We are looking forward to a close collaboration,” said Michael Brandkamp, Managing Partner at ECBF Management GmbH

ECBF invests primarily on late-stage bioeconomy companies across Europe with high potential for innovation, favourable returns, and sustainable impact. By targeting those deals, ECBF is successfully addressing the challenge of bringing capital and innovation closer to unlock the economic potential of the circular economy. The venture capital expertise and technological background of ECBF's advisory team nurture ECBF's abilities to select the best bioeconomy companies for its investors and provide valuable support for their further growth.

Background Information

About ECBF Management GmbH

ECBF Management GmbH advises the European Circular Bioeconomy Fund SCSp I exclusively. The international team of very experienced people focusses on supporting the bioeconomy companies in Europe to fuel their growth. Having more than 55 years of investment experience and a significant network, the advisory team will play an active role in scaling up the investments. Established in Luxembourg, ECBF SCSp I is administrated by Hauck & Aufhäuser Funds Services S.A. as an alternative investment fund manager (AIFM) and has an investment focus on the EU-27 and 16-HORIZON 2020 associated countries.

About Nestlé

Nestlé is the world’s largest food and beverage company. It is present in 187 countries around the world, and its 290,000 employees are committed to Nestlé’s purpose of enhancing quality of life and contributing to a healthier future. Nestlé offers a wide portfolio of products and services for people and their pets throughout their lives. Its more than 2,000 brands range from global icons like Nescafé or Nespresso to local favourites like Ninho. Company performance is driven by its Nutrition, Health and Wellness strategy. Nestlé is based in the Swiss town of Vevey where it was founded more than 150 years ago.

Press contacts

ECBF Management GmbH

Clara Martinez, Tel: +49-177 46966477,
Email: [email protected]

Nestlé

Christoph Meier, Tel: + 41 21 924 2200
Email: [email protected]

Record changed: 2023-06-05