The European Circular Bioeconomy Fund (ECBF) is the first venture capital fund in Europe exclusively dedicated to the bioeconomy, backing growth-stage companies driving the transition from a fossil-based to a bio-based circular economy. It is advised by ECBF Management GmbH, based in Bonn, Germany.
53% of their portfolio is in Food & Agriculture. Deal activity increased 67% year-over-year (5 deals in the last 12 months). Their most common stage is series-b (40% of deals). Average disclosed round size is $31.2M (across 8 rounds with reported amounts).
Portfolio
21
Fund Size
$326M
Top Stage
Series B
Last 12 Mo
5
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
30 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Food Forecast | Series A | — | Feb 2026 |
 ecoRobotix AG | Series D | — | Oct 2025 |
 Nofence | Series A | $35M | Sep 2025 |
 Nofence | Series B | $35M | Sep 2025 |
| Nofence | Series B | $35M | Sep 2025 |
 Ororatech | Series B | — | May 2025 |
 Ecoat | Unknown | — | Apr 2025 |
 Vegdog | Series A | $9M | Jan 2025 |
| Nofence | Series B | $35M | Jan 2025 |
| Ecoat | Unknown | — | Jan 2025 |
 Elicit Plant | Series B | $48M | Nov 2024 |
| Ororatech | Unknown | — | Apr 2024 |
 AmphiStar | Seed | — | Apr 2024 |
 Watttron | Series B | — | Mar 2024 |
 Heura | Series B | — | Feb 2024 |
| Ororatech | Series B | — | Jan 2024 |
| RREDUCED | Series A | — | Jan 2024 |
| Ororatech | Series A | — | Sep 2023 |
| PPaptic | Series A | — | Jan 2023 |
| Heura | Series B | — | Jan 2022 |
| HHeura Foods | Series B | — | Jan 2022 |
 RED HORTICULTURE | Series A | — | Feb 2021 |
 Protix | Growth | $45M | Jan 2021 |
| PProlupin | Growth | — | Mar 2020 |
 Biosyntia | Series B | — | — |
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Top Co-Investors
BNP Paribas4 shared
Sandwater4 shared
Speedinvest4 shared
Capagro4 shared
Rabo Investments3 shared
Upfield3 shared
Banco Sabadell3 shared
Korys2 shared
Bayern Kapital2 shared
Edaphon2 shared
Bpifrance2 shared
Sofinnova Partners2 shared
Yotta Capital Partners2 shared
Newtree Impact2 shared
Emerald Technology Ventures2 shared
Rabo Corporate Investments2 shared
Invest-NL2 shared
Aqua-Spark2 shared
Last updated: 7 October 2026