Singapore- and New York-based Big Idea Ventures has reached a $10-million first close for its $75-million New Protein Fund II (NPF II), according to founder and managing general partner Andrew Ive.
The first close was made in May with two returning limited partners (LPs) who co-anchored the new fund — AAK, a multi-oil ingredient house specialised in plant-based vegetable oils and fats; and Bühler, a solution partner for the food processing industry.