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Raiven Capital Announces Björn Öste as New Limited Partner

·2 min read

Co-Founder of Oatly validates Raiven Capital’s Global Investment Thesis and Approach

TORONTO & PALO ALTO, Calif., December 02, 2021--(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 Capital General 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.

About Raiven Capital

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211202005271/en/

Contacts

Anna Shen
press@raivencapital.com

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