🌿 The Drop #3
Welcome to the third edition of The Drop by AFI Ventures!
👋Hi there!
As we’re nearing summer we’re thrilled to share some news with you all and welcome you to the third edition of The Drop🌿, presented by AFI Ventures — Europe’s seed impact fund! As a news come in a bundle this year, we’ve moved our newsletters to substack which means you will be able to find all of our new communications here:
Ready for the ride?
Today’s line up:
🚀 Portfolio Update : 3 new players joining the club
🌱 🏗️ Carbon footprint of the construction sector
🔧 Tips & Tools for our entrepreneurs
🚀 Portfolio Update
After a busy 2021 we’re super proud to announce our 3 last family members joining the AFI community as our first investments of 2022:
🥛🐮 Bon Vivant
Bon Vivant aims to accurately imitate the taste and texture of milk, without using cows and in an environmentally friendly way.
The startup was created at the end of 2021 by Hélène, Agronomist Engineer, and Stephane, ex-McKinsey with a background in foodtech (Foodora France).
They want to use precision fermentation to produce milk proteins. It then intends to sell them to industrial groups, which are closely observing the market for alternative proteins and could bring new products to market! Proud to be joining Bon Vivant’s 4M€ round alongside Picus, High Flyers Capital and Founders Future!
👉 Learn more about it here.
🌈 Apryl
According to the World Health Organisation, 15% of the world’s population struggles with infertility. An international scientific study revealed that women lose 90 per cent of the eggs in their ovaries before the age of 30.
👶 But infertility is not a “female problem” — it’s caused equally by men and women (30% by women, 30% by men, 20% a mix of both, 10% unknown). For an increasing number of same-sex couples looking to start a family, fertility treatments or adoption are the only options.
That’s why we’re humbled to announce that we invested alongside Breega, Atlantic Labs and other top tier co-investors in apryl 4.1M€ round in order to bring fertility benefits to companies that want to support their employees on their path to parenthood: A big welcome to Jenny & Tobias !
♻️ Stokelp
30% of worldwide food production is going to waste before it’s even been consumed. If we’re familiar with wasted food products in the kitchen we tend to forget the share of raw food materials wasted at production stages by industrial manufacturers.
ADEME has estimated that an astonishing 1.6m+ tons of raw food materials are wasted that way each year in the UE alone.
Facing this crucial challenge we’re thrilled to announce that we co-invested alongside High Flyers Capital in Stokelp 520k€ pre-seed round in order to develop the very first circular B2B raw food materials marketplace for industrial manufacturers.
🌱 🏗️ Construction Carbon Footprint
Following our investment in Kompozite (👋 Damien, Boris) earlier last year, Charles has been diving into the construction sector and its related emissions.
We’ve shared some of the insights here👇
Together, building and construction are responsible for 39% of all carbon emissions in the world, with operational emissions (from energy used to heat, cool and light buildings) accounting for 28%.
The remaining 11% comes from embodied carbon emissions, or ‘upfront’ carbon that is associated with materials and construction processes throughout the whole building lifecycle. Kompozite, is dedicated to tackling this issue thanks to sustainable building design.
🔧 Toolbox for entrepreneurs
🙋♀️ Talent Hunting? Avizio leverages a network of 500+ top tech managers to open access to a pool of highly qualified talents. Advantageous commercial terms. Let us know if you’d like an intro, we secured a preferred deal for you!
Thanks for tuning in & see you next time!
The AFI Team