{"id":83258,"date":"2021-01-06T06:54:00","date_gmt":"2021-01-06T05:54:00","guid":{"rendered":"http:\/\/rss.nova-institut.net\/public.php?url=https%3A%2F%2Filbioeconomista.com%2F2020%2F12%2F16%2Fecbf-raised-e93-million-from-private-and-public-investors-for-its-second-closing%2F"},"modified":"2021-01-05T18:16:40","modified_gmt":"2021-01-05T17:16:40","slug":"the-european-circular-bioeconomy-fund-welcomes-nestle-as-an-investor-to-accelerate-sustainable-innovation-in-europe","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/the-european-circular-bioeconomy-fund-welcomes-nestle-as-an-investor-to-accelerate-sustainable-innovation-in-europe\/","title":{"rendered":"The European Circular Bioeconomy Fund welcomes Nestl\u00e9 as an investor to accelerate sustainable innovation in Europe"},"content":{"rendered":"<p><strong>ECBF Management GmbH today announced Nestl\u00e9\u2019s investment in the second closing of the European Circular Bioeconomy Fund (ECBF), the first venture fund exclusively focused on scaling up late-stage circular bioeconomy companies in Europe. Circular bioeconomy includes innovation in the food and feed sectors as well as in sustainable packaging. With the commitment of Nestl\u00e9, ECBF Management GmbH has successfully raised \u20ac175 million in total. The \u20ac93 million raised in ECBF\u00b4s second closing has doubled the Fund\u00b4s size only two months after it assumed operations.<\/strong><\/p>\n<p>With a target size of \u20ac250 million, ECBF will be an important financial instrument contributing to the European Green Deal of making Europe climate neutral by 2050. Nestl\u00e9 as well as Neste Oyj, Volkswohl Bund Versicherungen, NRW.BANK and one family office participated in this investment round.<\/p>\n<p>\u201cWe are pleased to contribute funding and expertise to scale up innovative solutions in the renewable and bio-based sectors in Europe,\u201d said Antonia Wanner, Head of Environmental, Social and Governance (ESG) Strategy and Deployment Unit at Nestl\u00e9. \u201cThis investment is in line with our commitment on <a href=\"https:\/\/www.nestle.com\/media\/pressreleases\/allpressreleases\/nestle-sustainable-packaging-transformation-journey\" target=\"_blank\">sustainable packaging<\/a> and our plans to <a href=\"https:\/\/www.nestle.com\/media\/pressreleases\/allpressreleases\/nestle-efforts-combat-climate-change\" target=\"_blank\">combat climate change<\/a>.\u201d<\/p>\n<p>\u201cECBF welcomes Nestl\u00e9 as an active partner to fuel the growth of European Bioeconomy companies. Nestl\u00e9\u00b4s great expertise and network in food and packaging increase ECBF\u00b4s capacity to evaluate and support innovative scale-ups significantly. We are looking forward to a close collaboration,\u201d said Michael Brandkamp, Managing Partner at ECBF Management GmbH<\/p>\n<p>ECBF invests primarily on late-stage bioeconomy companies across Europe with high potential for innovation, favourable returns, and sustainable impact. By targeting those deals, ECBF is successfully addressing the challenge of bringing capital and innovation closer to unlock the economic potential of the circular economy. The venture capital expertise and technological background of ECBF&#8217;s advisory team nurture ECBF&#8217;s abilities to select the best bioeconomy companies for its investors and provide valuable support for their further growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ECBF Management GmbH today announced Nestl\u00e9\u2019s investment in the second closing of the European Circular Bioeconomy Fund (ECBF), the first venture fund exclusively focused on scaling up late-stage circular bioeconomy companies in Europe. Circular bioeconomy includes innovation in the food and feed sectors as well as in sustainable packaging. With the commitment of Nestl\u00e9, ECBF [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[5838,12426,11857],"supplier":[17589,21310],"class_list":["post-83258","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-bioeconomy","tag-climatechange","tag-sustainable","supplier-european-circular-bioeconomy-fund-ecbf","supplier-nestle"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/83258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=83258"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/83258\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=83258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=83258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=83258"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=83258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}