Mudcake

Mudcake is a Stockholm-based venture capital firm dedicated to investing in early-stage companies that are transforming the global food system. Founded by experienced entrepreneurs, the firm specifically targets pre-seed and seed-stage startups. Their mission is to back innovative founders who are addressing critical challenges within the food industry, ranging from sustainable production and alternative proteins to food waste reduction and circular economy solutions. Mudcake's focus is primarily on the European food system, leveraging their regional expertise and network to support portfolio companies.

Mudcake's investment thesis centers on supporting companies that demonstrate strong potential for both significant impact and scalable growth. They look for teams with deep domain expertise and disruptive technologies capable of reshaping how food is produced, distributed, and consumed. The firm emphasizes a hands-on approach, providing strategic guidance and leveraging their network to help portfolio companies navigate the complexities of the food tech landscape. They seek to partner with founders who are not only innovative but also deeply committed to creating a more sustainable and efficient food future.

Typically, Mudcake deploys initial checks ranging from €250,000 to €1,000,000, which translates to approximately $270,000 to $1,080,000 USD based on recent exchange rates. This positions them as a key early-stage investor for nascent food tech ventures. Their portfolio showcases a diverse range of innovations, including companies like Mycorena, a leader in fungi-based protein, and Volta Greentech, focused on sustainable feed solutions using algae. These investments underscore Mudcake's commitment to fostering a more sustainable and efficient food future across Europe.