2023: a year to remember at FSV ✨
2 big exits for hundreds of millions 💥
This year was marked by two major exits from our first fund, yfood (meal replacement) & Butternut Box (fresh dogfood subscription). We are proud to have backed and been part of such amazing journeys.
After the success of Just Spices, these two additional exits prove our team's ability in sourcing, investing and supporting the best Food Tech entrepreneurs in Europe 💫
3 exciting new investments 🚀
We started 2023 with our 3rd petfood and 1st catfood investment, Untamed, delivering high quality food, the closest thing to a natural diet your cat can eat 🐈
Followed by our investment in DASH Water, healthy and sustainable sparkling flavoured water made from wonky fruits. Guilt-free, 0 calories and tasty alternative to soft drinks 🍋
Our third investment, still in stealth mode, has to do with mushrooms, but not as you think of them! Stay tuned 🍄
6 portfolio companies refinanced 💰
We are proudly supporting our portfolio companies in their next phase of growth, as they strive to become European category leaders! 🥇
Congratulations to mammaly, vly, nucao, THIS, KoRo and La Fourche for completing a new round of fundraising this year!
4 portfolio companies & FSV B Corp certifications 💚
4 additional certifications in 2023 have made 56% of FSV's portfolio B Corp-certified!
We are also really proud for our own management company to have received the B Corp Certification, another step towards a more responsible VC world! 🌱
Exciting product launches 💫
A snapshot of the launches we've seen this year from our portfolio companies:
DASH Water, fruit infused sparkling water, launched their lime flavour that won the Grocer 2023 best taste award 🏆
HER ONE, female wellness supplements, introduced their Nutrijuice, a micronutrient concentrate, powerful multivitamin supplement designed to support your immune system all year round ✨
Mammaly, Europe's first pet supplement brand, launched their first premium dry food for adult dogs to ensure our dogs' wellbeing 🐶
Pea-based alternative dairy company Vly introduced two new shake flavors. A protein shake and a drink snack packed with vitamins and minerals 🥛
2 new team members 👨🏻💻
In recent months, FSV's team has grown and we are excited to welcome our new Investment Associate and Senior Analyst, Andre and Lucie 🇸🇪🇬🇧🇫🇷
An Impact & ESG driven year 🌎
In case you missed it, take a look at our 2023 Impact & ESG report, released in July.
Since 2018 we have been investing in food brands, with a strong belief: future category-leading brands will be healthy and sustainable.
We take great pride in our accomplishments, including:
Supporting companies that on average emit twice less CO2 than the big food players and improve their carbon emissions year over year
Being a part of relevant organisations that spread the adoption of best climate practices
Leading by example through our own climate strategy
All thanks to FSV’s Head of Impact Gaetan Kerloc’h, helping everyday to build more sustainable and responsible food companies 💚