ECBF is the first venture fund exclusively focussing on the bioeconomy and circular bioeconomy in Europe. With a targeted fund-size of €250 million, ECBF will be an important financial instrument contributing to the European Green Deal making Europe climate neutral by 2050.
For its second closing, ECBF raised €93 million from a diverse group of private and public investors. New investors include Nestlé, the world’s largest food and beverage company; Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel; and Volkswohl Bund Versicherungen, a German insurance company. One family office and the NRW.BANK, the promotional bank of North Rhine-Westphalia (NRW), also joined the round.
Including the European Investment Bank (EIB) and three private investors who already participated in the first financing round in autumn (PreZero International; Corbion; and Dr. Hettich Beteiligungen), ECBF is now backed by nine investors from five different European countries. These investors share the vision of scaling-up innovative bio-based companies and backing solutions to the pressing challenges of sustainability.
See also our recent article about one of the first start-ups receiving funding from ECBF: PeelPioneers.