The third fund is the first to include external investors, including strategics, additional family offices, executives, and entrepreneurs from the food sector. The firm plans to invest in 20 to 25 companies, with a few investments already made in BiomeSense, WECO Hospitality, and Attane Health. Bluestein Ventures believes the food tech sector is at a major inflection point, with advancements in artificial intelligence, machine learning, and synthetic biology fermentation expected to accelerate innovation. The firm's investment approach focuses on nutrition, sustainability, and digitization within the food system.
Key takeaways:
- Bluestein Ventures, a Chicago-based venture capital firm, has closed on $45 million in capital commitments for its Fund III, which will invest in food tech startups.
- The firm's portfolio includes over 50 companies, with a focus on consumer-facing technology across the food supply chain, including health and wellness, proprietary foodtech, commerce and digital technology.
- The third fund is the first to include a group of external investors, including strategics, additional family offices, executives and entrepreneurs from the food sector.
- Bluestein Ventures plans to invest Fund III into between 20 and 25 companies, with a focus on nutrition, sustainability and digitization within the food system.