Oyster Bay Secures €100 Million for Its Second Fund Focused on Food and Agritech

Hamburg-based venture capital firm Oyster Bay has closed its second fund, Oyster Bay Fund II , at more than €100 million , cementing its position as one of Europe’s largest investment vehicles dedicated solely to the future of food and agritech innovation. The fund was heavily oversubscribed , attracting backing from major institutional investors including the European Investment Fund (EIF) and KfW , Germany’s development bank.

The new fund builds on the success of Oyster Bay’s inaugural vehicle, which ranked among the top 10% of European VC funds and achieved annual returns exceeding 25% . Oyster Bay’s portfolio includes notable names such as Oatly, AirUp, True Gum , and GoodBytz — companies that have reshaped how food is produced, packaged, and consumed across Europe.

With Fund II, the firm aims to accelerate the transformation of the global food system , targeting early-stage startups tackling sustainability, climate impact, and operational efficiency along the entire value chain. Investment areas include sustainable raw materials , alternative proteins , AI-driven supply chains , and food traceability technologies — all critical components in building a more resilient and transparent food ecosystem.

“The food industry accounts for around 12% of global GDP but remains severely underfunded in climate-related innovation,” said Christoph MillerDealroom has a profile for this one. Try Dealroom → , Founder and Managing Partner at Oyster Bay. “We see a major opportunity to support technologies that can build resilient, transparent, and sustainable supply chains.”

Co-founded by Miller and entrepreneur-investor Felix LeonhardtDealroom has a profile for this one. Try Dealroom → , Oyster Bay combines deep business experience with a long-term impact philosophy . The firm’s strategy centers on high selectivity — fewer than 0.1% of startups that apply make it into its portfolio — and hands-on collaboration with founders to help them scale responsibly.

Ultimately, Oyster Bay’s mission remains focused and ambitious: to back the most promising entrepreneurs driving meaningful change in one of the world’s largest and most essential industries — the global food system.

Sources:
Silicon Canals
EU-Startup

A.M.