Sustainable investment firm Collateral Good has been appointed to manage a €100 million Sustainable Food Fund, formerly known as Blue Horizon Venture I.

Now rebranded as Collateral Good Food Innovation I, the fund comprises 14 portfolio companies working across plant-based, precision fermentation and cultivated meat sectors. Investments include Swiss plant-based meat producer Planted, precision fermentation companies Every, Geltor, Chromologics and Algama, and cultivated meat pioneer Mosa Meat.

The transition follows a process led by Deloitte Luxembourg, with more than 85% of the fund’s Limited Partners selecting Collateral Good to take over management.

The fund will be led by co-founders Mariana Gonzalez and Michael Kleindl, alongside partners Cyril Zimmermann and Jarne Elleholm, and supported by an advisory network including Maxence de Royer (Nestlé), Constantino Matouk (Bimbo Corporation) and Frank Alexander Kühne (Adalbert Raps Stiftung).

Collateral Good said that while the alternative protein and food tech sectors have faced headwinds in recent years, the long-term outlook remains positive. The firm emphasised that continued innovation in these fields is key to building a climate-positive and resilient global food system.

Top image: © Planted