Raiven Capital announces Björn Öste as new sponsor

TORONTO & PALO ALTO, Calif .– (COMMERCIAL THREAD) – Raiven Capital, a global early-stage tech venture capital fund, today announced that Björn Öste has signed on as a new investor in Raiven Capital. Mr Öste is best known as the co-founder of Oatly AB which launched its $ 12.5 billion IPO in May on the Nasdaq. Björn Öste is a foodtech expert and serial entrepreneur who has recently launched several new projects. He is the co-founder of Adventure AB, a leading food technology innovation lab, and Good Idea Inc. which is launching a revolutionary sparkling water drink that balances blood sugar.

“I am an investor and a global thinker. Raiven’s “born global” perspective resonates deeply with me. They walk the talk and provide the team and tools to assess and manage transactions globally. Their history of 66% IRR is proof of this. 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 vision, expertise, network and transaction flow, ”said Paul Dugsin, general partner of Raiven Capital.

“Humanity needs the means to feed the growing world population and can no longer ignore the impact of innovation in this sector. Sustainable food has a direct correlation with secure and stable societies. We are delighted to have such a respected Foodtech expert with us, ”said Supreet Manchanda, general partner of Raiven Capital.

According to Pitchbook and CVCA (Canadian Association of Venture Capital and Private Equity), Raiven Capital was the only first-round VC to have a first close in 2020, during the pandemic. Since then, Raiven has invested in six exciting platform companies involving AI, IoT and DLT technologies across various industries.

With Mr Öste’s investment, Raiven is now gearing up for his next wave of capital raising to reach his end goal of US $ 100 million by the end of 2022.

On Capital of Raiven

Raiven Capital is a global early-stage, Series A technology venture capital fund with locations in both Silicon Valley and Toronto. Raiven Capital is focused on opportunities in Artificial Intelligence, DLT and the Internet of Things. Raiven is actively seeking passionate founders developing companies that optimize value chains across cybersecurity, finance, energy, environment, health, and food. Once growth is solid, Raiven leaves his holding companies for late stage capital in Silicon Valley and beyond.

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