What investment strategy does Oyster Bay Venture Capital focus on?

Oyster Bay Venture Capital focuses on VC strategies in the private equity space.

How many portfolio companies does Oyster Bay Venture Capital have?

Oyster Bay Venture Capital has 10 active portfolio companies and 4 completed exits and 2 funds tracked on GP Intel.

Where is Oyster Bay Venture Capital headquartered?

Oyster Bay Venture Capital is headquartered in Hamburg, Germany.

When was Oyster Bay Venture Capital founded?

Oyster Bay Venture Capital was founded in 2018.

What sectors does Oyster Bay Venture Capital invest in?

Oyster Bay Venture Capital invests across Consumer, Business Services, Healthcare.

What are Oyster Bay Venture Capital's recent exits?

Recent realized exits by Oyster Bay Venture Capital include: Nukoko (2026) to Doehler; True Gum (2021) to Humble Group; purefood (2020) to German organic buy-and-build group.

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Oyster Bay Venture Capital

Hamburg, Germany·Founded 2018·

Venture Capital

·oysterbay.vc

Oyster Bay Venture Capital is a Hamburg-based early-stage venture firm founded in 2018 by food-sector operators Christoph Miller and Felix Leonhardt, investing exclusively across the food and beverage value chain from agri-tech to alternative proteins. It writes EUR 1-5 million initial cheques at Seed to Series B and backed early winners such as Oatly, air up, True Gum and GoodBytz; Fund I ranked in the top decile of European VC funds. In November 2025 it closed an oversubscribed Fund II of over EUR 100 million with EIF and KfW Capital as anchor investors.

AUM

–

Funds

vintages 2018–2025

Portfolio

Exits

Oyster Bay Venture Capital is a Hamburg venture capital firm with 10 active companies and 4 exits.

SectorsConsumer Business Services Healthcare

Key takeaways

·3 exits in the last 5 years · consistent DPI cadence.
·Average hold across 4 realized deals: 2 years.
·Top sector focus: FoodTech (36% of portfolio).

Sector breakdown

14 companies

FoodTech

5 · 36%

Consumer

4 · 29%

AgTech

2 · 14%

Business Services

1 · 7%

ClimateTech

1 · 7%

Industrials

1 · 7%

Geography breakdown

6 geographies

Germany

5 · 36%

3 · 21%

France

2 · 14%

Sweden

2 · 14%

Switzerland

1 · 7%

Denmark

1 · 7%

Key facts

HQHamburg, Germany

Founded2018

Employees11+

Websiteoysterbay.vc

Recent exits

Oyster Bay Venture Capital sold Nukoko to Doehler in 2026 after 2 years.

Oyster Bay Venture Capital took Oatly public in 2021 after 3 years.

Oyster Bay Venture Capital sold True Gum to Humble Group in 2021 after 1 year.

Oyster Bay Venture Capital sold purefood to German organic buy-and-build group in 2020 after 1 year.

Coverage notes

2 funds tracked, 14 portfolio companies (10 active · 4 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Oyster Bay Venture Capital has raised, with its portfolio companies. Hand-checked from public filings.

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Oyster Bay Fund II

VC2025€100M4 assets

2025 · 1yr

€100M

–

Unrealized

4 held

Company	Entry
Amatera AgTech · France	2026
Eternal.ag AgTech · Germany	2026
Meatly FoodTech · UK	2026
seedalive Business Services · Germany	2025

Oyster Bay Fund IActive

Evergreen20186 assets4 exits

Evergreen

2018 · 8yr

–

Unrealized

6 held

Company	Entry
air up Consumer · Germany	2019
Arda Biomaterials ClimateTech · UK	2025
dropz Consumer · Switzerland	2021
GoodBytz Industrials · Germany	2022
La Vie FoodTech · France	2022
Peas of Heaven FoodTech · Sweden	2021

Realized

4 exits

Company	Entry	Exit	Type	Buyer	MOIC
Nukoko FoodTech · UK	2024	2026	Trade Sale	Doehler	–
Oatly FoodTech · Sweden	2018	2021	IPO	–	–
purefood Consumer · Germany	2019	2020	Trade Sale	German organic buy-and-build group	–
True Gum Consumer · Denmark	2020	2021	Trade Sale	Humble Group	–

Frequently asked questions

What investment strategy does Oyster Bay Venture Capital focus on?: Oyster Bay Venture Capital focuses on VC strategies in the private equity space.
How many portfolio companies does Oyster Bay Venture Capital have?: Oyster Bay Venture Capital has 10 active portfolio companies and 4 completed exits and 2 funds tracked on GP Intel.
Where is Oyster Bay Venture Capital headquartered?: Oyster Bay Venture Capital is headquartered in Hamburg, Germany.
When was Oyster Bay Venture Capital founded?: Oyster Bay Venture Capital was founded in 2018.
What sectors does Oyster Bay Venture Capital invest in?: Oyster Bay Venture Capital invests across Consumer, Business Services, Healthcare.
What are Oyster Bay Venture Capital's recent exits?: Recent realized exits by Oyster Bay Venture Capital include: Nukoko (2026) to Doehler; True Gum (2021) to Humble Group; purefood (2020) to German organic buy-and-build group.