About Astanor
Astanor is a venture capital firm founded in 2017. It is primarily based out of Brussels, Belgium. As of Jul 2026, Astanor is an active investor, having invested in 51 companies, with 5 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Food and Agriculture Tech to High Tech and Environment Tech. Most recently it participated in the $***** Series A round of Aardaia Overall, Astanor portfolio has seen 3 unicorns and 7 acquisitions including key companies like Garten, Apeel and Stockeld Dreamery. A lot of funds co-invest with Astanor, with names like IFC sharing a substantial percentage of its portfolio. Astanor has team of 28 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio Acquisitions
Portfolio Soonicorns
Astanor's List of Top Investments
Astanor has a portfolio of 51 companies, including 3 unicorns. Their most notable investments are in Aphea.Bio and Calyxia.Their portfolio spans across United States, France, United Kingdom and 11 more locations. They have invested in Food and Agriculture Tech, High Tech, Environment Tech and 15 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Astanor:Online retailer of new and used tractors and farm equipment. It provides a platform for buying and selling tractors, implements, and harvesters. The website offers options for comparing different tractor models. It also provides information regarding loans and related news.
Key facts about TractorJunction
- Founded Year: 2017
- Location: Alwar (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $25.9M
- Employee Count: 154 as on Aug 31, 2025
- Investors: AgFunder, Info Edge Ventures and 14 Others
- Latest Funding Round: Series A, Nov 19, 2025, $*****
- Highlight: Editors' Pick
2. Garten
Platform offering subscription-based nutrient foods. It is an online subscription-based platform offering nutrient foods. Its product offerings include curated healthy snacks, chips, cookie/crackers, chocolate, seaweed snacks, jerk, and more. It also offers catered meals, snacks, and more. The company also offers a vegetarian box option for its customers. The company claims to offer free shipping through its online portal.
Key facts about Garten
- Founded Year: 2014
- Location: Burlingame (United States)
- Stage: Acquired
- Total Funding till date: $20M
- Employee Count: 186 as on Jun 30, 2026
- Investors: StartX, IOVC and 26 Others
- Latest Funding Round: Seed, Oct 17, 2018, $*****
- Highlight: Acquired
Developer of bio-fabricated materials for fashion, interiors, and automotive industries. The company focuses on creating animal-free leather alternatives using plant-based proteins, biopolymers, and recycled rubber. These materials are engineered to replicate the look and feel of collagen found in leather. The company's materials are versatile, functional, scalable, and adaptable to existing manufacturing processes.
Key facts about Modern Meadow
- Founded Year: 2011
- Location: Nutley (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $196M
- Employee Count: 55 as on Jun 30, 2026
- Investors: Temasek, Old Silver VC and 34 Others
- Latest Funding Round: Series C, Apr 28, 2021, $*****
- Highlight: Editors' Pick
4. Source
Provider of AI solutions for optimized greenhouse cultivation and management. The company offers tools for data gathering, yield prediction, and strategy simulation. It also provides solutions for automated irrigation and precise greenhouse control. These solutions aim to enhance productivity and support autonomous execution for growers.
Key facts about Source
- Founded Year: 2020
- Location: Amsterdam (Netherlands)
- Stage: Series B
- Total Funding till date: $54.5M
- Employee Count: 81 as on Jun 30, 2026
- Investors: Acre Venture Partners, E14 Fund and 6 Others
- Latest Funding Round: Series B, Nov 03, 2025, $*****
- Highlight: Editors' Pick
5. Apeel
Plant-based protection extends produce freshness, reduces waste, and promotes sustainability. This company offers an innovative solution using ingredients derived from plants to create a thin, protective layer for fresh fruits and vegetables. This layer reinforces the natural peel, helping to retain taste, juiciness, and nutrients for a longer duration. This approach reduces reliance on refrigeration, harmful pesticides, waxes, and plastics, contributing to a more sustainable food system. The company is committed to transparency and science-backed solutions, openly publishing product information and addressing misinformation. This innovative technology aims to minimize food waste and promote environmental responsibility within the food industry, offering a sustainable alternative for preserving produce quality.
Key facts about Apeel
Astanor's Year-on-Year Investment Trends
Astanor has invested in 51 companies over the last 7 years, with an average of 5 new investments annually in the last 5 years. In 2025, it made 5 investments, while as of Jul 2026, it has made 7 investments in this year. Its most recent first time investment was in Aardaia and most recent follow-on round was in Aardaia.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 4 | 7 |
2025 | 3 | 2 | 5 |
2024 | 5 | 5 | 10 |
2023 | 2 | 3 | 5 |
2022 | 9 | 1 | 10 |
2021 | 9 | 3 | 12 |
2020 | 5 | 3 | 8 |
2019 | 5 | 0 | 5 |
Astanor's Investments by Stage
Astanor has made 15 investments in Seed stage with an average round size of $5.82M, 13 investments in Series A stage with an average round size of $16.6M and 8 investments in Series B stage with an average round size of $37.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 15 |
Series A | 13 |
Series B | 8 |
Series C | 3 |
Conventional Debt | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Astanor's Investments by Sector
Astanor has a diverse portfolio, with companies operating in the Food and Agriculture Tech, Sustainability Tech, High Tech, Environment Tech and Enterprise Applications. Notably, it has invested in 43 Tech companies, 35 Enterprise (B2B) companies, 14 Software companies and at least 13 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Food and Agriculture Tech | 24 |
Sustainability Tech | 24 |
High Tech | 18 |
Environment Tech | 13 |
Enterprise Applications | 8 |
Others | 45 |
Note: We have considered here, only first round of investments
Astanor's Investments by Geography
Astanor has made most investments in United States (18), followed by France where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 18 |
France | 4 |
Belgium | 3 |
Germany | 3 |
United Kingdom | 3 |
Others | 9 |
Note: We have considered here, only first round of investments
Astanor's recent investments
Astanor has made 7 investments in 2026 so far. Aardaia and Aardaia are the latest among them.Here are the most recent investments by Astanor:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 10, 2026 | - | Series A | 7869 | [+2] | |
Jul 08, 2026 | - | Seed | 1956 | [+2] | |
Apr 21, 2026 | United States | Series A | 6234 | [+2] | |
Apr 20, 2026 | Switzerland | Series A | 2189 | [+6] | |
Apr 20, 2026 | Switzerland | Conventional Debt | 7629 | [+6] |
Unicorns in Astanor's Portfolio
Astanor has 3 unicorns in its portfolio - INFARM, Apeel and Ynsect. The most recent unicorn in their portfolio is INFARM. It became a unicorn in 2021, 2 years after Astanor first invested in it.Here is a list of unicorns in Astanor's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
58 | Company offering a global vertical farming network using efficient farming methods | 2013 | Berlin | Series D | wxsqwna | ||
63 | Plant-based protection extends produce freshness, reduces waste, and promotes sustainability | 2012 | Goleta | Series E | tnamdhu | ||
58 | Pioneering insect-based solutions for sustainable food, feed, and plant nutrition | 2011 | Paris | Series D | azcsqmj |
Acquired companies in Astanor's Portfolio
7 companies from Astanor's portfolio have been acquired. The most recent acquisition was BettaFish in Jul 2026 by Bayou Best Foods for $*****.Here are Astanor's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 02, 2026 | - | - | 9841 | |
Apr 19, 2026 | Nov 17, 2021 | Series B | 3352 | |
Oct 01, 2025 | Jan 23, 2020 | Seed | 3695 | |
May 27, 2025 | Mar 17, 2022 | Seed | 9749 | |
Apr 14, 2025 | - | - | 1038 |
Team profile of Astanor
Astanor has a team of 28 members including 4 Partners, 1 Venture Partner and 7 Principals located in Belgium, France and 3 more locations. Astanor's team does not sit on the board of any company as of now.Here is a list of top team members in Astanor:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | |||
Partner | Paris | - | ||
Partner | Brussels | - | ||
Partner | Paris | - | ||
Venture Partner | Far Hills | - | ||
Principal | San Francisco | - | ||
Principal | Brussels | - | ||
Principal | Brussels | - | ||
Principal | - | - | ||
Principal | - | - | ||
Principal | - | - |
Co-investors of Astanor
Over the past 7 years, 377 investors have co-invested in Astanor's portfolio companies. This includes funds and angels.
- Invested before Astanor: Europa, Horizons Ventures and 166 others have invested in rounds before Astanor. There are 4 companies where Europa has invested before Astanor and 2 companies where Horizons Ventures has invested before Astanor.
- Top Co-investors of Astanor: 114 investors entered a company along with Astanor. These include investors like IFC (2 companies).
- Invested after Astanor: A total of 95 investors have invested in Astanor's portfolio after their investments. Top Investors include Bpifrance (2 companies), Hico Capital (1 company) and Enza Zaden (1 company).
Recent News related to Astanor
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Standing Ovation Raises $34.2 Million to Scale Up Dairy Protein TechPerishableNews.com•Apr 21, 2026•Bpifrance, Newtree Impact, Good Startup, Crédit Mutuel Innovation and 7 others
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Planetary Nets $28M to Scale Full-Stack Fermentation Platform for Sustainable ProteinsGreen Queen•Apr 20, 2026•planetary, Oetker-Collection, Radikal Capital, Cosun and 5 others
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Standing Ovation raises €25M in Series BLes Echos•Mar 31, 2026•Newtree Impact, Bpifrance, Good Startup, Crédit Mutuel Innovation and 7 others
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Standing Ovation Raises $34.2M to Commercialize Dairy Protein TechnologyGlobeNewswire•Mar 31, 2026•Bpifrance, Crédit Mutuel Innovation, Standing Ovation, Bel Group and 9 others
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AgZen Secures $10 Million Series B to Fuel Rapid GrowthAgrigateglobal•Mar 13, 2026•AgZen, Syngenta Group, Syngenta, Astanor and 3 others
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Syngenta Plans US$10 Billion Hong Kong IPO in Q2The Business Times•Feb 27, 2026•Syngenta, AgZen, Syngenta Group, Astanor and 2 others
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Tractor Junction Nets $22.5 Mn To Build AI-Led Tractor MarketplaceInc42•Nov 19, 2025•Info Edge Ventures, Astanor, Omnivore, TractorJunction and 2 others
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Dutch startup Source.ag secures €15.2 million to expand its AI-driven greenhouse softwareEU-Startups•Nov 03, 2025•SugaROx, Source, Enza Zaden, Harvest House and 2 others
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4AG Robotics Raises $40 Million in Series B to Accelerate Global Adoption of Autonomous Mushroom HarvestingPR Newswire•Jul 30, 2025•4ag Robotics, Astanor, Cibus Fund, Emmertech and 3 others
