Amsterdam's Pymwymic Surpasses Target with €71.5M Fund for Sustainable Food Innovation
Amsterdam, Thursday, 7 November 2024.
Impact investment firm Pymwymic closes its Healthy Food Systems Impact Fund II at €71.5M, exceeding the €70M target. The fund aims to support early-stage AgriFood scale-ups pioneering sustainable farming, food waste reduction, and regenerative agriculture solutions.
Innovative Focus on Sustainable Food Systems
The Healthy Food Systems Impact Fund II, spearheaded by Amsterdam-based Pymwymic, is strategically positioned to influence the AgriFood sector by focusing on early-stage companies that offer groundbreaking solutions in sustainable agriculture and food system innovations. With six promising companies already in its portfolio, the fund seeks to tackle pressing issues such as food waste and promote regenerative agriculture, which are vital for maintaining ecological balance and ensuring food security[1].
Support from a Diverse Investor Base
The fund has garnered substantial backing from over 250 private investors and seven institutional investors, including prominent entities like AGCO, ASR, and Invest International. This diverse support underscores a strong collective belief in the necessity of transforming global food systems to be more sustainable and efficient. The successful closing of the fund at €71.5 million, surpassing its initial target of €70 million, reflects growing investor confidence in sustainable food innovations as viable and impactful financial ventures[1].
Driving Change With Regenerative Agriculture
Regenerative agriculture, a key area of focus for the fund, involves farming practices that restore soil health and biodiversity, improve water cycles, and increase resilience to climate change. By investing in such practices, Pymwymic aims to support the ‘dare devils’—entrepreneurs and innovators—who are leading the charge toward a more sustainable food system. This approach not only addresses environmental sustainability but also aligns with global efforts to combat climate change and enhance food security[1].
Pymwymic’s Commitment to Impact Investing
Pymwymic, short for ‘Put Your Money Where Your Meaning Is Community,’ is a co-owned organization composed of European wealth holders who are committed to investing with purpose. Since its inception, Pymwymic has been at the forefront of impact investing, previously launching the Healthy Ecosystems Impact Fund I, which aimed at preserving and restoring ecosystems. The success of the Healthy Food Systems Impact Fund II further solidifies Pymwymic’s role as a leader in the impact investment space, particularly within the AgriFood sector[1].