Status
ACTIVE
Global HQ
Stockholm, Sweden
Countries of investment
- Sweden
- Denmark
- Finland
- Netherlands
- United Kingdom
Investment stages
- Pre-Seed
- Seed
Industries
- FoodTech
- Alternative Proteins
- Food Science
- Planetary Health
- Regenerative Solutions
About
Mudcake is a Stockholm-based pre-seed and seed venture firm backing foodtech and planetary health startups. Their thesis spans alternative proteins, food science, and regenerative solutions. The firm invests across the Nordics and Europe with a science-led, mission-driven orientation.
Mudcake is a Stockholm-based pre-seed and seed venture firm backing foodtech and planetary health startups. Their thesis spans alternative proteins, food science, and regenerative solutions. The firm invests across the Nordics and Europe with a science-led, mission-driven orientation.
Investment Thesis
Mudcake is an early-stage venture capital firm investing in founders building the future of food, health, and planetary wellbeing. They back pre-seed and seed companies with bold, science-based approaches to transforming food systems. The firm differentiates itself through its Nordic roots, mission-driven approach, and focus on deeply technical founders.
Manager's Experience
Co-Founders and General Partners Erik Byrenius and Anna Ottosson launched Mudcake in 2020 (originally named Trellis Road) as a Stockholm-based pre-seed specialist for foodtech and agtech. Byrenius brings serial entrepreneurship experience having co-founded and exited multiple Swedish consumer technology companies, while Ottosson contributes deep sustainability and food industry networks across Scandinavia. Managing an €18M fund with 48 investments, the team executes a distinctive first-check strategy targeting the earliest viable commercial stage, with portfolio companies including Agteria Biotech, Melt&Marble, and Nutropy, reflecting a thesis of backing scientific founders solving planetary health challenges.
Team
Erik Byrenius – Co-Founder / General Partner
Anna Ottosson – Co-Founder / General Partner
Portfolio
Nutropy
Messium
Koppie
Melt&Marble
Agteria Biotech
hexafarms
OlsAro