TGS Baltic has advised Nordic Foodtech VC on its investment in Tallinn-based biotechnology R&D start-up Aio Tech.
According to TGS Baltic, “Nordic Foodtech VC is a venture capital fund investing in food technology and the future of food. The Helsinki-based venture capital fund operates in all Nordic and Baltic countries and has invested in ten companies so far, of which Aio is their first investment in the Baltic countries.”
According to the firm, “Aio Tech is a company that grew out of TalTech – it was founded in 2022, and, with the help of a unique microbe, produces sustainable and edible oils and fats from side-streams of the wood and the agricultural industry.”
TGS Baltic’s team included Partner Kadri Kallas and Senior Associates Mirko Kikkamagi, Mari-Liis Orav, and Silvia Urgas.
TGS Baltic did not respond to our inquiry on the matter.