Nicoya

We're delighted to share some of the judges feedback from the Free From Food Awards which saw Superstraccia® take Gold, Crematta® Silver and Burrella® Bronze in the Cheese Alternatives category. Superstraccia® “Excellently unflavoured with an authentic texture, I can see just how versatile a product this is. Very clever.” “A really versatile and elegant product.” “Exciting and innovative.” Crematta® “Delicious, moreish and rich.” "I'd like to try this in a few different ways to see how versatile it could be. I have very high hopes for this one.” Burrella® “An exciting alternative, the presentation is really pleasing.” “Lovely and creamy with a soft delicate texture.”

According to World Resources Institute, we need to produce >50% more food in order to feed 10 billion people by 2050. How are we going to do that in an increasingly geo-political unstable world, with climate-change on top? It's clear we must transform the food system. Nicoya has taken a closer look into what this mean and what we can do about it. The silver lining? Investing in a novel food system isn’t only the right thing to do, relevant solutions will have the future ahead of them. https://lnkd.in/dQqJ2fee

As an investor behind NICKS, we couldn't be more proud of the development Nicks has had and the journey it's on. Since Nicoya's first investment, it has increased its turnover by astounding 50x and is available across European markets and the USA. Well done! 👏 With joy at its core, Nicks is taking up the fight against sugar and diabetes. It started with co-founder Niclas (Nick) Luthman being diagnosed with pre-diabetes and was forced to change his diet and lifestyle. He managed but missed all the foods and snacks he loved. 💔 Why couldn't we have tasty treats that don’t need to compromise flavor for healthiness? And Nick's was born. 🍦 1 out of 10 people in the world are living with diabetes. We're not saying Nicks is the solution, but it's definitively a part of it and in raising the awareness of sugar-free diets in a fun way it's a leader. 🌟

Many foodtech companies have had a tough time with decreased valuations or even bankruptcy. VC investments in foodtech and other sectors have been the lowest in many years creating a paradox where investors don't want to enter a company with low turnover but to increase turnover requires capital. “Many of our portfolio companies have been forced to adjust their activities and cost structures to make their cash flow last longer. This has led to lower turnover and valuations. But in many cases also to more sustainable business models and new partnerships. Entrepreneurs are being forced to work smarter and towards profitability, making companies more resilient and better equipped when the market turns.” says Nicoya's CEO Christopher Slim in an interview with Impact Loop. The need for change in the food system has not diminished just because of tough times. The challenges with greenhouse gas emissions, exceeding planetary boundaries, increasing lifestyle diseases, and pressure on society are as big as ever. There are enormous opportunities in the transformation of the food system. "The food system is in as much need of change as ever but foodtech is an early-stage sector that requires smart capital and patience to get returns. It is clear that consumers want greener and healthier food, but don't want to compromise on taste, texture, and experience. The stagnation in category growth of plant-based that we've seen has partly been driven by not meeting consumer expectations and partly current price sensitivity of consumers.” Together with consumer research and portfolio company InsightMe., Nicoya has taken a closer look at the demand for plant-based food, and the results were published in “The Food Frontrunner Report 2023”.  The report concludes that the willingness to switch diets to greener alternatives continues to grow. By breaking down data on different behaviors, it was also found that plant-based substitutes for animal-based foods play an important role in this transition. “As consumer purchasing power returns and the new generation of products are cleaner and tastier, we believe that plant-based will continue to grow. As investors, we remain interested in category-defining consumer brands and new smart ingredients and technologies with underlying, structural profitability. This allow for big gains when scaling - both financially and planetarily." ends Christopher Slim. https://lnkd.in/dJEKGD2d

🍨Många foodtech-bolag har haft det tufft. Samtidigt behövs de mer än någonsin för att knuffa de mest spännande affärsidéerna över dödens dal. Så vilka idéer blir vinnare framåt? "Vår bedömning är att växtbaserat kommer fortsätta öka − särskilt om den nya generationen av produkter är renare och godare", säger Nicoyas vd Christopher Slim till Impact Loop. InsightMe. #foodtech #impact El Taco Truck Oatlaws N!CKS Peas of Heaven Vertical Harvest Farms Splendid Spoon

Get back to work mode 💼 by listening to this pod with Nicoya’s CEO Christopher Slim on how to become a successfull angel investor (in Swedish only unfortunately). https://lnkd.in/gYF9__gq

Vitamin Well Group, the Sweden-based energy bars and functional drinks business gets a new lead investor, Cinven in a deal worth around €3 billion, valuing the company at 6x sales. https://lnkd.in/dwbA2MiK

Oh la la! NICKS revealling their Sundae Funday collabaration with no less than Kris Jenner & Khloe Kardashian 🍦 https://lnkd.in/dtrxASDk

Oh la la! NICKS revealling their Sundae Funday collabaration with no less than Kris Jenner & Khloe Kardashian 🍦 https://lnkd.in/dtrxASDk

Nicoay's CEO Christopher Slim in the Swedish pod on how to become a successfull angel investor. Listen to Christopher's tips on how to think about risk and the best things to do as a small investor....