Mudcake
Mudcake, formerly Trellis Road, is a Stockholm-based pre-seed and seed venture microfund run by ex-founders that backs teams using science and technology to reshape the global food system.
AUM
–
Funds
1
vintages 2020
Portfolio
22
Exits
3
Key facts
Recent exits
BettaFish
FoodTech2026 · 5yr hold
Blackbird
FoodTech2025 · 5yr hold
Stockeld Dreamery
FoodTech2025 · 4yr hold
Coverage notes
1 fund tracked, 25 portfolio companies (22 active · 3 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
25 companiesFoodTech
16 · 64%
AgTech
7 · 28%
ClimateTech
2 · 8%
Funds & portfolio
Every fund Mudcake has raised, with its portfolio companies. Hand-checked from public filings.
1 fund
Mudcake Fund IVCHarvesting2020 · 6yr€16M22 active · 3 realized
Unrealized
22 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AgTech |  France | 2022 | |
| AgTech |  Sweden | 2024 | |
| AgTech | France | 2023 | |
| FoodTech |  Germany | 2021 | |
| FoodTech |  US | 2020 | |
| ClimateTech |  UK | 2023 | |
| FoodTech | China | 2021 | |
| AgTech | Germany | 2024 | |
| FoodTech | Germany | 2021 | |
| ClimateTech | Germany | 2023 | |
| FoodTech |  Belgium | 2025 | |
| AgTech | UK | 2025 | |
| FoodTech | US | 2021 | |
| FoodTech | Argentina | 2021 | |
| AgTech | US | 2022 | |
| FoodTech | France | 2022 | |
| AgTech | Sweden | 2024 | |
| FoodTech | UK | 2022 | |
| FoodTech | Germany | 2021 | |
| FoodTech | Germany | 2022 | |
| FoodTech | US | 2023 | |
| FoodTech | Brazil | 2021 |
AgroLeagueActive
AgTechFrance· Entry 2022
France· Entry 2022AgteriaActive
AgTechSweden· Entry 2024
Sweden· Entry 2024AmateraActive
AgTechFrance· Entry 2023
France· Entry 2023Bluu SeafoodActive
FoodTechGermany· Entry 2021
Germany· Entry 2021Bond Pet FoodsActive
FoodTechUS· Entry 2020
US· Entry 2020CbambooActive
ClimateTechUK· Entry 2023
UK· Entry 2023HeroteinActive
FoodTechChina· Entry 2021
HexafarmsActive
AgTechGermany· Entry 2024
Germany· Entry 2024HierActive
FoodTechGermany· Entry 2021
Germany· Entry 2021InplanetActive
ClimateTechGermany· Entry 2023
Germany· Entry 2023KoppieActive
FoodTechBelgium· Entry 2025
Belgium· Entry 2025MessiumActive
AgTechUK· Entry 2025
UK· Entry 2025Mission BarnsActive
FoodTechUS· Entry 2021
US· Entry 2021NilusActive
FoodTechArgentina· Entry 2021
NuCicerActive
AgTechUS· Entry 2022
US· Entry 2022NutropyActive
FoodTechFrance· Entry 2022
France· Entry 2022OlsAroActive
AgTechSweden· Entry 2024
Sweden· Entry 2024OmniActive
FoodTechUK· Entry 2022
UK· Entry 2022Planet A FoodsActive
FoodTechGermany· Entry 2021
Germany· Entry 2021Project EadenActive
FoodTechGermany· Entry 2022
Germany· Entry 2022SnofoxActive
FoodTechUS· Entry 2023
US· Entry 2023The NewActive
FoodTechBrazil· Entry 2021
Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| FoodTech | Germany | 2021 | 2026 | Trade Sale | – | ||
| FoodTech | US | 2020 | 2025 | Trade Sale | – | ||
| FoodTech | Sweden | 2021 | 2025 | Trade Sale | – |
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Last updated August 2026 · Sourced from public filings · Report an issue