Early-Stage VC Firm FoodLabs has Closed its Third Fund at €105 Million

FoodLabs, founded with the commitment to revolutionize the food system and improve both planetary and human health, led by Christophe Maire, Patrick Noller, Thilo Winter, Bastian Stöhr, Florian Breiner, and others, has closed its Third Fund of €105m to invest in early-stage food tech startups in Europe. 

Founded in 2016, FoodLabs invests in software and hardware startups driving a healthier, more sustainable food system. Its portfolio includes Formo (animal-free cheese), Klim (regenerative agriculture), and Infinite Roots (mycelium-based products).

Despite a tougher funding environment, Patrick Noller, general partner at FoodLabs, emphasizes that the challenges in food haven’t changed; they’ve grown. “Food is the world’s second-largest industry, employs the most people globally, remains largely undigitalized, and is highly unsustainable. That makes it a compelling area to invest in,” he says.

FoodLabs will deploy its €105M fund across three focus areas: agriculture, food security, and health, making first checks of $100K–$2M in roughly 25–30 startups. The firm did not disclose what portion of the fund is reserved for follow-on investments.

In agriculture, the focus is on solutions that integrate software, AI, and machinery to boost yields or reduce fertilizer use, as well as robotics. Recent investments include Spanish autonomous tractor company Voltrac and agri-fintech DAF, which provides short-term loans to farmers.

For food security, FoodLabs targets technologies that identify new product classes, utilize underused plants, or design novel proteins.

The health category spans mood-supporting ingredients, adaptogens, and immune-support supplements.

The fund’s LP base is a mix of family offices, institutional funds, and strategic investors, including Bitburger Holding, Landwirtschaftliche Rentenbank, Red Bull, and Nestlé.