Oyster Bay Venture Capital

Oyster Bay Venture Capital is a Hamburg-based early-stage venture capital firm founded in 2018 by Managing Partners Felix Leonhardt and Christoph Miller, who brings more than 25 years of senior food-industry experience. The firm is one of Europe's largest dedicated food-systems venture capital funds, operating under the thesis that the way we nourish ourselves defines our future. Oyster Bay invests sector-agnostically across the entire food value chain, from agtech and novel ingredients to consumer brands, manufacturing robotics, and food waste reduction, taking lead positions at seed and Series A with initial checks of EUR 1 million to EUR 5 million and a two-year follow-on commitment covering roughly the next two rounds. In November 2025 Oyster Bay closed its oversubscribed Fund II at over EUR 100 million, backed by the European Investment Fund and KfW, targeting approximately 20 portfolio investments. Fund I, which delivered reported net annual returns above 25 percent, backed early-stage companies including Oatly, air up, True Gum, La Vie, Dropz, Hooked, Peas of Heaven, and purefood. Early Fund II deployments include a lead $5.25 million Series A into Arda Biomaterials (with Green Angel Ventures and Clean Growth Fund), GoodBytz (kitchen robotics), Nukoko (alternative cocoa), and Seedalive (seed-testing technology). The firm has made 14 investments across its two funds. Oyster Bay operates with a 13-person team and brings together financial capital with a deep network of food-industry executives, retailers, and ingredient specialists. Its combination of market-specific expertise and EU institutional backing makes it a sought-after partner for founders disrupting food production, distribution, and consumption across Europe.