Mudcake

Overview

Mudcake is a microfund managed by former founders committed to improving the world for future generations. They specialize in investing in exceptional founders who are revolutionizing food production, distribution, and consumption. Typically, they invest between $200k and $800k in pre-seed and seed rounds worldwide. Their portfolio includes over 20 startups across four continents, focusing on sectors such as foodtech, alternative proteins, supply chain, pet food, and agtech. Mudcake operates globally, with a presence in Stockholm and Paris, and has been involved in notable investments like Planet A Foods and Hexafarms. Their investment approach emphasizes impact potential, founder vision, and the ability to inspire customers, employees, and investors. Mudcake's name symbolizes the challenges and creativity inherent in building something from scratch, reflecting their commitment to supporting founders in reshaping the food system for a better future. Mudcake's investment strategy is centered on supporting startups that utilize science and technology to address challenges in the food industry. They focus on early-stage companies that are innovating in areas such as alternative proteins, sustainable agriculture, and food distribution. By providing capital and resources, Mudcake aims to help these startups scale their solutions and make a significant impact on the global food system. Their typical investment size ranges from $200k to $800k, targeting a 4-5% ownership stake in the companies they invest in. Mudcake collaborates with other investors but does not typically lead funding rounds, preferring to co-invest alongside other impact, climate, and food funds, as well as generalist VCs. The firm's portfolio showcases a diverse range of companies committed to transforming the food industry. Notable investments include Planet A Foods, which focuses on creating sustainable food ingredients, and Hexafarms, an AI-powered solution for optimizing greenhouse yield and operations. Mudcake's approach is informal and flexible, allowing for swift decision-making and hands-on support for portfolio founders. They prioritize building strong relationships with founders, offering assistance through various channels and resources to help them navigate the challenges of scaling their businesses. Mudcake's commitment to reshaping the food system is driven by the belief that addressing food production and consumption is crucial for a sustainable future, as the food industry is expected to represent over half of global emissions by 2050. Mudcake's name symbolizes the challenges and creativity inherent in building something from scratch, reflecting their commitment to supporting founders in reshaping the food system for a better future. Mudcake's investment strategy is centered on supporting startups that utilize science and technology to address challenges in the food industry. They focus on early-stage companies that are innovating in areas such as alternative proteins, sustainable agriculture, and food distribution. By providing capital and resources, Mudcake aims to help these startups scale their solutions and make a significant impact on the global food system. Their typical investment size ranges from $200k to $800k, targeting a 4-5% ownership stake in the companies they invest in. Mudcake collaborates with other investors but does not typically lead funding rounds, preferring to co-invest alongside other impact, climate, and food funds, as well as generalist VCs. The firm's portfolio showcases a diverse range of companies committed to transforming the food industry. Notable investments include Planet A Foods, which focuses on creating sustainable food ingredients, and Hexafarms, an AI-powered solution for optimizing greenhouse yield and operations. Mudcake's approach is informal and flexible, allowing for swift decision-making and hands-on support for portfolio founders. They prioritize building strong relationships with founders, offering assi

Investment Focus

• Innovative solutions in food production, distribution, or consumption
• Strong founder vision and leadership
• Scalable business models with global impact potential

Portfolio Companies