France-based venture capital firm Five Seasons Ventures has raised more than €60m ($73.9m) from investors including food supplier Nestlé for the first close of its first fund.
The fund’s limited partners include state-owned investment bank BPIfrance and the Italian government-created vehicle Fondo Italiano d’Investimento. Five Seasons will also have support from InnovFin Equity and Horizon 2020, both initiatives managed by the EU-owned European Investment Fund.
The vehicle will target early-stage developers of technology covering food-related areas such as waste,…
