Sparkfood is officially announced as Sonae’s new business unit

Sparkfood is in the Portuguese news, showcasing our journey of investing in innovative companies working on sustainable, healthier well-being solutions

Portugal, November 15th, 2023, Sparkfood is announced to the Portuguese press as Sonae’s new business area for the healthy food sector. The Sonae group has strengthened its commitment to the healthy and sustainable food business with the creation of Sparkfood, which has already acquired five companies and startups, in an investment of 110 million euros

Sonae’s Press Release

Sparkfood operates and invests in companies in the food value chain, through two main business platforms: Alternative.s, which positions itself as a European supplier of next-generation alternatives to animal proteins, namely plant-based, and Ingredient.s, a global supplier of natural ingredients for the health and wellness sectors, food systems and animal nutrition. In addition, Sparkfood also has a venture capital arm – Venture.s – dedicated to investing in scale-ups that will bring innovation to both platforms in different areas: products, technologies and solutions.

At the end of the 9M23, Sparkfood‘s portfolio already included five companies, all international, fruit from the extensive labour of market analysis and the proactive search for business opportunities by the Sparkfood team in the past two years, resulting in an invested capital of over 110 million euros.

In the Alternative.s platform, investments include Gosh! Foods, a plant-based food producer based in the United Kingdom (majority stake), and Mondarella, a Germany-based company that is expanding, an innovator in the plant-based cheese market (minority stake).

In the Ingredient.s platform, Sparkfood holds a majority stake in SparkVos, an Italian conglomerate focused on the industrial production and distribution of natural ingredients for the health and wellness segment.

As regards to the Venture.s arm, investments include a majority stake in Bluu, a food biotechnology startup, based in Germany, developing solutions for the industry of cultivated seafood made from fish cells, and a minority stake in Bon Vivant, a French startup dedicated to developing and producing animal-free dairy proteins, through precision fermentation.”

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