Amsterdam’s Pymwymic surpasses fundraising target securing €71.5M for scaling AgriFood startups

Funding to support sustainable food systems

Pymwymic, the Amsterdam-based impact investment firm, recently announced the close of its Healthy Food Systems Impact Fund II at €71.5 million, surpassing its initial target of €70 million. The fund, aimed at supporting sustainable food systems, saw support from over 250 private investors alongside seven institutional backers, including AGCO, ASR, Invest International, Invest-NL, Klaverblad Verzekeringen, Oost NL, and Van Lanschot Kempen.

This announcement comes after an initial €20 million raise in April 2023, marking considerable growth in support for Pymwymic’s mission. The Healthy Food Systems Impact Fund II focuses on scaling early-stage AgriFood startups with progressive solutions in sustainable farming, food waste reduction, and regenerative agriculture. With six companies already in its portfolio, the fund aims to back entrepreneurs whose innovations will shape the future of food.

Building a community of impact investors

Pymwymic, an acronym for “Put Your Money Where Your Meaning Is Community,” represents a collective of European wealth holders dedicated to impact investing. The community includes over 250 members from various backgrounds, including individual investors, entrepreneurs, and angel investors.

Founded in 2017, Pymwymic launched its first fund, the Healthy Ecosystems Impact Fund I, in partnership with Van Lanschot Kempen, to support initiatives aimed at preserving and restoring ecosystems. The fund closed in 2021 with investments in nine companies dedicated to ecological sustainability.

Amsterdam’s role in impact investment

As the city continues to attract global attention for its social entrepreneurship and sustainable urban solutions, the success of Pymwymic’s fund reflects the city’s broader focus on creating a resilient and responsible business ecosystem. 

Amsterdam’s innovative spirit stems from collaboration between multiple players including research platforms and local startups. This includes change makers like, Ams Institute, Growy, the Amsterdam Green Campus, along with Brave New Food and the Green Food Lab. Amsterdam is setting the example of how local initiatives can contribute to global solutions, particularly in the face of climate change and food security challenges.

Read more about Amsterdam's role in the global food transition