Lever VC Passes First Close of its Fund II, Secures Initial $50 Million USD for Food and AgTech Investments

Lever VC Fund II also announces the completion of its five first investments into innovative tech startups across North America, Europe and Asia

New York – Lever VC announced this week that it has passed the first close of its Fund II and raised an initial $50 million USD for early-stage investments into promising companies across the global Food and AgTech ecosystem. Lever’s Fund II will remain open to new investors until its final close later in the year.

Building on the strong track record of its $80 million USD Fund I, Lever VC’s Fund II has secured a range of LPs including institutional investors, funds of funds, family offices, and leading food and agriculture companies from across five continents. Lever is a leading sector specialist in the Food and AgTech sector, with the firm’s Funds and Partners having completed over one hundred investments in the category over the past eleven years. The firm includes an in-house scientific and technical team and tracks over six thousand startups in the space globally.

“With their massive category sizes, compelling CAGR, and consistently strong exit environments, Food and AgTech represent areas of significant opportunity for those with the right expertise,” said Nick Cooney, Founder and Managing Partner at Lever VC. “We look forward to working to continue driving outsized returns for our investors, as well as to bringing direct deals, insights, and business development opportunities to LPs with strategic goals in the sector.”

Lever VC Fund II also announced this week that it has completed its first five investments into startups developing cutting-edge solutions in the Food and Ag sectors:  novel fats producer Gavan, novel sugar replacement developer Oobli, AgTech software/digitization players Flox AI and HerdDogg, and meat replacement ingredient producer Mush Foods.

Lever VC’s Fund II remains open to new investors, and interested parties are welcome to contact the Fund to learn more at: team@levervc.com .