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Mudcake

Stockholm, Stockholms Lan, Sweden

Overview

Microfund investing in innovative food-related startups.

Founded

2020

Deals · 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

France
Germany
Sweden
United Kingdom
...

Sector focus

—

Investment portfolio

18rounds
NAMEDATESIZE
hexafarms
Oct 2026Participated
$6 MSeed
Amatera
Mar 2026Participated
$7 MSeed
Messium
Sep 2025Participated
$4 MSeed
Agteria Biotech
Feb 2025Participated
$7 MSeed
hexafarms
May 2024Participated
$1 MSeed
OlsAro
Apr 2024Participated
$3 MSeed
Planet A Foods
Feb 2024Participated
$15 MSeries A
InPlanet
Nov 2023Participated
$5 MSeed
Amatera
Oct 2023Participated
$2 MSeed
SnoFox Sciences
Aug 2023Participated
$5 MSeed
InPlanet
Jan 2023Participated
$1 MSeed
Project Eaden
Jan 2023Participated
$2 MSeed
hexafarms
Oct 2026Participated
$6 MSeed
Amatera
Mar 2026Participated
$7 MSeed
Messium
Sep 2025Participated
$4 MSeed
Agteria Biotech
Feb 2025Participated
$7 MSeed
hexafarms
May 2024Participated
$1 MSeed
OlsAro
Apr 2024Participated
$3 MSeed
Planet A Foods
Feb 2024Participated
$15 MSeries A
InPlanet
Nov 2023Participated
$5 MSeed
Amatera
Oct 2023Participated
$2 MSeed
SnoFox Sciences
Aug 2023Participated
$5 MSeed
InPlanet
Jan 2023Participated
$1 MSeed
Project Eaden
Jan 2023Participated
$2 MSeed
18
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Mudcake: 18 funding rounds are recorded in the selected participation categories.All available history.
Mudcake: 18 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed114
Series A02
Other Equity01

Monthly Deal Activity

Mudcake: 18 deals are recorded across 62 months.All available history.
Mudcake: 18 deals are recorded across 62 months. All available history
MonthDeals
Sep '211
Oct '211
Nov '210
Dec '210
Jan '221
Feb '220
Mar '221
Apr '220
May '220
Jun '221
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '232
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '231
Nov '231
Dec '230
Jan '240
Feb '241
Mar '240
Apr '241
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Mudcake: Food & Agriculture is the largest displayed sector by deal count (13 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Mudcake: Food & Agriculture is the largest displayed sector by deal count (13 deals). All available history
SectorDeals
Food & Agriculture13
Clean Energy & Sustainability5
Consumer & Lifestyle3
Networks, Cloud & Communication3
Health & Life Sciences3
Marketing & Advertising2
Enterprise Software2
Manufacturing2
Professional Services2
E-Commerce & Retail1
AI & Machine Learning1
Data, Analytics & IT1
Space & Frontier Tech1

Deal Size Distribution

Mudcake: 18 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Mudcake: 18 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M11
$5M-$10M5
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Mudcake: Europe has the largest recorded deal count among the displayed regions (15 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Mudcake: Europe has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
Europe15
United States2
413901
Mudcake: 20 co-investors are shown, with FoodLabs sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Mudcake: 20 co-investors are shown, with FoodLabs sharing 3 recorded deals. All available history
Co-investorShared deals
FoodLabs3
PINC3
Shio Capital3
AgFunder2
Carbon Removal Partners2
Cherry Ventures2
Creandum2
Exceptional Ventures2
Magnetic2
Norrsken VC2
Nucleus Capital2
Speedinvest2
Techstars2
Übermorgen Ventures2
World Fund2
AgriZeroNZ1
Ananda Impact Ventures1
Astanor Ventures1
Beast Ventures1
Better Ventures1

Investment Strategy

Mudcake: Led accounts for 6% and participating for 94% of round participation.All available history.
Mudcake: Led accounts for 6% and participating for 94% of round participation. All available history
CategoryDeals (count)Share (%)
Led16%
Participating1794%
Mudcake: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Mudcake: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Anna Ottosson

Founding Partner

Erik Byrenius

Founding Partner