AAK, a multi-oil ingredient house specialized in plant-based vegetable oils and fats, and Bühler, a solution partner for the food processing industry, have joined other investors for the initial funding round. Both companies also invested in Big Idea Ventures’ first fund.

Big Idea Ventures is expanding its investment portfolio by including companies that focus on alternative ingredients and impactful food. It also will maintain its current investment thesis in alternative protein innovators by investing in the best plant-based, cell-based and fermentation-enabled alternative protein companies around the world.

Founder Andrew D. Ive said: “With NPF I, we found and worked with companies we believe will become leaders in the alternative protein category. NPF II enables us to bring even more innovators with fantastic innovations and teams in our portfolio. Our mission is to solve the world’s biggest challenges by supporting the world’s best entrepreneurs, scientists and engineers.”

Big Idea Ventures was the first global fund dedicated towards the development and expansion of alternative protein companies and within a few years, quickly became the most active investor in the foodtech category. Numerous noteworthy businesses can be found in NPF’s portfolio, such as French startup Gourmey, which secured an impressive €48 million in Series A funding, constituting the largest round ever closed in the world last year. Another great example is Black Sheep Foods, which attained $12.3 million in Series A funding.

NPF II will invest in early-stage startups around the world both through its accelerator program and direct investments. The Big Idea Ventures accelerator program is an intensive five-month program run out of the firm’s Paris, Singapore, and New York offices. The program assists companies in overcoming obstacles to effectively scaling a startup. This is accomplished by providing assistance from internal and external experts, corporate investors, and a broad network of mentors.

“It has truly been a pleasure to provide support to our diverse range of portfolio companies. Through NPF II, we envision working with the leading innovators with ground breaking technologies across alternative meat, seafood, dairy and ingredients.” said Andrew D. Ive.

With this latest close, Big Idea Ventures now has over $100M assets under management.