PeakBridge Growth Fund II has announced its official closure valued at $187 million, pushing its total assets under management to over $250 million.

Headquarted in Luxembourg, PeakBridge’s focus is on scalable and sustainable technologies across the agri-food chain, aiming to support businesses that can demonstrate positive long-term impact on global food systems, health and the planet.

Alternative protein companies are a key category of interest, with cell-based meat company Vow, plant-based meat company Rival Foods and animal-free dairy specialist Standing Ovation among its beneficiaries.

PeakBridge also focuses on companies innovating in upcycled and sustainable ingredients, such as cocoa-free chocolate food-tech Win-Win and seed upcycling start-up Kern Tec.

In a statement shared on LinkedIn, Erich Sieber, founding general partner at PeakBridge, said that the recent close is a vote of confidence in the success of its focused strategy, and is crucial to “changing the food system from the inside out”.

Nadav Berger, also a founding general partner, said: “For us, VC stands for value creation and is at the core of what we do. Our team brings to the table a rare mix of experience: food-tech investment pioneers, veteran agri-food industry operators, scientists and financiers. Together with strong industry partnerships, we’re positioned to confront those real-world problems.”

PeakBridge is a member of the Edmond de Rothschild Private Equity partnership. Among the fund’s investors are global food companies such as Kraft Heinz, Grupo Bimbo and Puratos.

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