Funding of ChainCraft by Convent Capital

Sector(s)
Food & Agro
Deal type
Growth / Equity capital / Debt Advisory
Date
September 2022
Countries involved
Netherlands

Client

ChainCraft produces circular chemicals from food waste through innovative fermentation technology, replacing fossil and palm oil based chemicals.

Deal

Capitalmind has advised the shareholders of ChainCraft on their investment round led by Convent Capital

Parties

Lead team

  • Jan Willem Jonkman

    Jan Willem Jonkman

    Managing Partner Benelux
  • Martijn Franssen

    Martijn Franssen

    Senior Advisor Benelux

About the deal

ChainCraft, a Dutch scale-up active in circular chemical production for amongst others the feed additives market, closed a EUR 11m funding round and secured the upcoming equity funding for its full-scale flagship plant. For this round lead investor Convent Capital teamed up with existing investors Shift Invest, Horizon 3 and PDENH. ChainCraft will use the proceeds of this round to lay the groundwork for an industrial scale plant and to accelerate its growth plans in its existing Amsterdam demo plant.

Niels van Stralen (CEO & co-founder of ChainCraft): “We are very happy to welcome Convent Capital as new shareholder and are grateful with the continued trust and investment from our existing investors. Once again, our cost competitive, innovative and circular concept is supported by a strong consortium of financial partners and customers. We are only at the beginning of the transition to make the industry completely fossil and palm oil free. This investment will support and significantly speed up our journey towards this highly necessary transition towards circularity.”

ChainCraft produces circular chemicals from food waste through innovative fermentation technology, replacing fossil and palm oil based chemicals. With this technology they serve multiple market segments such as animal feed, food ingredients, chemicals & materials and agro-chemicals.

Convent Capital is an independent investment company from the Netherlands. Through their Agri Food Growth Fund, they focus on innovative and sustainable companies in the agricultural and food industries, and as an article 9 fund aim to generate a positive impact through every investment.

What we did

Capitalmind actively supported ChainCraft as exclusive advisor along the process: marketing materials preparation, screening and selection of the relevant strategic and financial investors through a competitive process and negotiation of terms and conditions of the deal.