Felix Leonhardt built purefood/Lycka, scaling it to more than 8,000 points of sale across Germany and Austria before it sold, and later joined Oyster Bay Venture Capital full-time after being one of the founders the firm originally backed. That hands-on experience shapes how he invests today: he thinks fundraising works like a sales funnel, believes venture capital only fits a small slice of food companies, and focuses on overlooked areas like software, data, and automation that most food supply chains still lack.
About their Fund
Sectors
Food & Ag, CPG / D2C, Climate, Robotics, Consumer
Rounds
Seed - Series B+
Avg Check Size
€1M–€5M
Notable Investments
Oyster Bay is one of the first venture capital funds dedicated specifically to the European food industry, run by entrepreneurs rather than traditional financial investors, who focus on food-system resilience—such as reducing dependence on critical raw materials and improving supply security—and who accept fewer than 0.1% of applicants into their portfolio. With a track record that includes an early investment in Oatly and a Fund I that ranked in the top 10% of European VC funds, the firm has kept investing in food tech through industry downturns while staying closely engaged with founders through early outreach and direct AMAs.
Other partners at the fund
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