Netherlands-based life sciences-focused venture capital investor Forbion announced today that it has raised €200 million in commitments for its Forbion BioEconomy Fund I, aimed at investing in investing in companies with biology-based industrial sustainability solutions.
According to Forbion, the fund significantly exceeded its initial €150 million target, closing at its €200 million hard cap. Investors in the fund included KfW Capital, Novo Holdings, Rentenbank, Aurae Impact, ABN AMRO Bank and EIFO.
Alexander Hoffmann, General Partner at Forbion, said:
“Biotechnology is moving beyond healthcare to tackle global challenges in food, materials, and resource efficiency. The strong demand for Forbion BioEconomy Fund I reflects growing confidence that science-led solutions can deliver both environmental and financial value.”
Launched in 2024, the fund invests in biotechnologies and green chemistries that make industrial sustainability scalable, targeting companies developing sustainable technologies across four priority sectors of Food, Agriculture, Materials and Environmental Technologies.
The fund aims to build a portfolio of 12-14 investments across Europe and North America, investing primarily in companies at Series A and B stages that are developing cost-effective and scalable biology-based business-to-business solutions that have demonstrated proof of concept, and that can replace incumbent products at price parity or better.
The fund has invested in five companies to-date, including green chemistry-based textile recycling company eeden, biotechnology-based valuable metals extraction company Genomines, bio-based pesticides alternative provider SOLASTA Bio, plant-based proteins company Novameat, and biomaterials platform PACT.
Joy Faucher, General Partner at Forbion, said:
“Capital is shifting from software to science. With strong backing from leading institutional and strategic limited partners, we are excited to build a portfolio that leverages the power of biology and chemistry to deliver much-needed, commercially viable sustainable solutions for the planet.”
