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Raiven Capital Announces Björn Öste as New Limited Partner
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
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Rhea-AI Summary
Björn Öste, co-Founder of Oatly, invests in Raiven Capital, a global early-stage venture fund. Raiven aims to raise $100M USD for investments in AI, IoT, and DLT technologies. Öste's investment validates Raiven's global approach to deal management, highlighting a 66% internal rate of return. The fund has previously invested in six platform companies and plans to continue focusing on innovative sectors such as foodtech. Raiven's commitment to sustainable food innovation aligns with addressing global population challenges.
Positive
Björn Öste's investment boosts credibility and insights at Raiven Capital.
Raiven Capital has a strong track record with a 66% internal rate of return.
Plans to raise $100M USD for future investments indicate growth potential.
Negative
None.
Co-Founder of Oatly validates Raiven Capital’s Global Investment Thesis and Approach
TORONTO & PALO ALTO, Calif.--(BUSINESS WIRE)--
Raiven Capital, a global early-stage technology venture fund, announced today that Björn Öste has signed on as a new investor in Raiven Capital. Mr. Öste is best known as co-Founder of Oatly AB which debuted its $12.5 B IPO in May on the Nasdaq. Björn Öste is a foodtech expert and serial entrepreneur who has recently launched several new endeavors. He is the co-Founder of Aventure AB, a leading food tech innovation lab, and Good Idea Inc. that is launching a revolutionary blood sugar balancing sparkling water beverage.
“I am a global investor and thinker. Raiven’s 'born global' perspective resonates deeply with me. They walk the talk and bring the team and tools to assess and manage deals on a global level. Their prior track record of 66% IRR is a testament. I trust them,” said Björn Öste.
“We are very excited about Björn’s investment in Raiven Capital. Mr. Öste is someone who shares our philosophy – and brings tremendous insight, expertise, network and deal flow,” said Raiven Capital’s General Partner, Paul Dugsin.
"Humanity needs ways to feed the growing global population and can no longer ignore the impact of innovation in this sector. Sustainable food has a direct correlation to secure and stable societies. We are delighted to have such a respected Foodtech expert with us,” said Supreet Manchanda, Raiven CapitalGeneral Partner.
According to Pitchbook and CVCA (Canadian Venture Capital and Private Equity Association), Raiven Capital was the only first round VC to have a first closing in 2020, during the pandemic. Since then, Raiven has invested in six exciting platform companies involving AI, IoT, DLT technologies across a range of sectors.
With Mr. Öste’s investment, Raiven is now gearing up for its next wave of capital raising to reach its final close target of $100M USD by end of 2022.
Raiven Capital is a global early-stage Series A technology venture fund with roots in both Silicon Valley and Toronto. Raiven Capital focuses on opportunities in artificial intelligence, DLT and the Internet of Things. Raiven actively seeks passionate founders developing companies that optimize value chains across cybersecurity, finance, energy, environment, health, and food sectors. Once growth is robust, Raiven exits its portfolio companies to later-stage capital in Silicon Valley and beyond.
What is the significance of Björn Öste's investment in Raiven Capital for Oatly investors?
Björn Öste's investment in Raiven Capital enhances the fund's credibility and could lead to collaborative opportunities benefiting Oatly's growth strategy.
How does Raiven Capital plan to utilize the funds raised by the end of 2022?
Raiven Capital aims to utilize the anticipated $100M USD to invest in promising early-stage companies in AI, IoT, and DLT sectors.
What is Raiven Capital's investment strategy following Björn Öste's involvement?
Raiven Capital will continue to focus on sectors like food technology, leveraging Öste's expertise to drive further innovations.
What is the background of Raiven Capital?
Raiven Capital is an early-stage technology venture fund based in Silicon Valley and Toronto, specializing in AI, IoT, and DLT technologies.
What is Raiven Capital's track record in investments?
Raiven Capital has achieved a 66% internal rate of return and invested in six platform companies since its inception.
