Participated · Series A · Aug 2026

Boldr develops a software and hardware platform—including smart thermostats and connected controls—that gives HVAC contractors visibility and control over installed residential heating and cooling equipment. The company partners with contractors and supply houses (including Bosch-owned Source 1 and Daikin) to deploy and service controls rather than selling directly to homeowners. Its platform is designed to coordinate HVAC systems and eventually batteries, EV chargers and solar to provide flexible capacity to the power grid during periods of high demand. Boldr is initially focused on residential and light commercial HVAC, with plans to expand into central HVAC systems and additional distributed energy assets. The company has raised an oversubscribed $3.2M seed round and a $5M pre-Series A to fund product development and North American distribution expansion.

Participated · Seed · May 2023

Farmless develops alternative proteins using a fermentation process that uses a liquid feedstock made from carbon dioxide, hydrogen, nitrogen and renewable energy instead of sugar. The company says this approach can produce proteins with up to 5,000x less land use than beef and allows production where energy is most sustainable and affordable. Farmless has built a team of eight, a small-scale R&D facility, and discovered a microorganism it can ferment into different food applications. The new capital will be used to build a pilot brewery in Amsterdam, advance fermentation technology, hire staff, pursue regulatory approval, and set up a test kitchen. The company, founded by Adnan Oner in 2021, is working toward commercialization and partnerships with food companies to use its protein as an ingredient. The seed round closed at an undisclosed valuation and follows a €1.2M pre-seed round seven months earlier. Farmless develops proteins via a fermentation platform that uses a liquid feedstock made from CO2, hydrogen and renewable energy rather than sugar or traditional agriculture. The company says its process requires 1/500th the land of animal protein and 10–25x less land than other plant-based proteins. CEO Adnan Oner says the startup has found microbes that taste and act like animal proteins and is developing an amino acid–complete, high-functionality protein prototype. Farmless raised a €1.2 million pre-seed equity round to set up a lab, build a fermentation and food-science team, and advance its initial product development. Next steps include moving to larger fermentation vessels, building supply chains, navigating regulatory approval, and bringing products to market with partners. The team frames the technology as a route to end factory farming, rewild land, and draw down carbon at planetary scale, while noting regulatory and financing challenges ahead.

Participated · Seed · Aug 2022

Concert Bio is building a system to monitor and eventually manipulate the microbial ecosystem inside hydroponic systems to prevent catastrophic disease outbreaks. The team is collecting microbe samples from hydroponic greenhouses across the U.K. and the Netherlands and sequencing genomes to map microbes in healthy systems. Once they understand healthy microbiomes, Concert Bio plans to sell probiotics (initially on a per-kilogram pricing model) and then offer a subscription service for continuous monitoring and optimization. The company says sequencing efforts funded by the seed round should be able to break even within six to 12 months. Founder and CEO Paul Rutten, who holds a Ph.D. from the University of Oxford, positions hydroponics as a simpler, more tractable microbiome problem than soil or human systems. After establishing the hydroponics business, Concert Bio plans to investigate applying the same techniques to on-land aquaculture.

Participated · Seed · Dec 2021

GoodGood operates a local-first commerce platform that pairs instant delivery with physical pop-up cafés and wine bars to help small craft food and drink makers reach customers. The startup launched its website in late 2021 and opened a pop-up café in Toronto’s King-West neighbourhood on December 6. It combines a customer-facing e-commerce product with a maker-focused platform and plans to invest in product engineering and a mobile app slated for Q1 2022. With C$6.5 million in all-equity seed financing, the company intends to scale its network of cafés and wine bars—targeting five to ten openings across Toronto in 2022—and expand its maker partnerships. GoodGood currently lists mostly Canadian products (three quarters Canadian, many from Ontario/GTA), employs about 10 people, and plans to grow headcount to 30–50 by summer 2022. Long-term, the founders aim to broaden the model to additional local markets across Canada.

Participated · Seed · Nov 2021

Perfeggt develops a plant-based egg alternative—a liquid egg substitute formulated to reproduce the taste and texture of chicken eggs for dishes like scrambled eggs, pancakes and French toast. The company was founded in 2021 and is based in Berlin. Its first product is slated for foodservice and retail launch after positive consumer tastings in Hamburg. Perfeggt says it uses pioneering research to create an authentic egg experience while pursuing a more sustainable approach to food production. The startup plans to use the fresh capital for product research and development, team growth and market launch, including further pop-up tastings across German and European cities. Financially, the company increased its pre-seed round to over €3.6 million after previously raising €2.5 million in November 2021. Perfeggt is a Berlin-based foodtech company developing a chicken-less, protein-rich liquid egg alternative made from fava beans. The product can be prepared as a scrambled egg or omelet and is formulated to mimic mouthfeel, flavors and textures of animal eggs. The company plans to debut the product in Q1 2022 in Germany, Switzerland and Austria and will initially launch with food service organizations. Perfeggt conducts R&D at a site in Emsland, Germany and works closely with Wageningen University & Research to test plant-protein sources and combinations. The company is part of Lovely Day Foods GmbH and was co-founded earlier this year by CEO Tanja Bogumil, Gary Lin and Bernd Becker. The newly announced $2.8M first funding round will finance building out the team and the R&D facility and support further European expansion later in 2022. Perfeggt is hiring food scientists, marketing and R&D personnel to support its launch and product development.