The Dutch multi-university venture fund had targeted $70m for its latest fund but ended up attracting $82.5m from investors including Protix and Corbion.
Netherlands-based multi-university venture fund Shift Invest has raised €70m ($82.5m) for its third vehicle, Shift III, from investors including insect-based animal feed supplier Protix and chemicals company Corbion.
The impact investment vehicle, which achieved an initial close in May this year, is also backed by financial services firm Rabobank’s Rabo Corporate Investments, Wageningen University and Research and the European Investment Fund.
The Dutch government-owned research institute TNO and the Netherlands Enterprise Agency, as well as unnamed family offices, regional…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
