Mudcake
VC Fund
Stockholm, Sweden
Mudcake (formerly Trellis Road) is a microfund run by ex-founders dedicated to making the world a better place for the next generation. We invest in the strongest founders shaping the way we produce, distribute and consume food. Our typical ticket is $200k-$600k in pre-seed and seed rounds globally. So far, our portfolio includes 20+ startups on 4continents.
- Total investments:
- 30
- Last investment:
- Lead investor:
- 3%
Last updated:
For AI agents: llms.txt
Industries Mudcake invests in
Stages Mudcake invests in
Countries Mudcake invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
3 more contacts available
Round size
- Seed
- $2.3M–$8.4M
- Pre-Seed
- $125k–$2M
- Series A
- $15M–$24M
Investment Focus
Industry
- Food and Beverage 11 (37%)
- Biotechnology 6 (20%)
- Food Processing 6 (20%)
- Information Technology 4 (13%)
- Manufacturing 3 (10%)
Stage
- Seed 16 (53%)
- Pre-Seed 7 (23%)
- Series A 4 (13%)
- Convertible Note 1 (3%)
Country
- Germany 5 (17%)
- United States 4 (13%)
- United Kingdom 3 (10%)
- France 2 (7%)
- Sweden 2 (7%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Anna Ottosson
Founding Partner
|
Founding Partner | Total investments: 5 | Find email | |
Erik Byrenius
Founding Partner
|
Founding Partner | Total investments: 12 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Amatera
|
Amatera is a biotechnology research company that leverages the latest techniques in biotechnology, to create coffee varieties. Amatera urges to make coffee varieties more sustainable and climate resistant to fill that massive demand. Founded by Omar Dekkiche and Lucie Kriegshauser in 2022 and is located in Paris, France. | $7M / Seed / Mar 04, 2026 | |
Nutropy
|
Nutropy produces real milk ingredients, identical to those produced by cows, to develop premium cheese alternatives that taste just as good as cow’s cheese but are more sustainable, healthier and better for the animals. No animals involved, full cheese experience. | $8.1M / Seed / Oct 23, 2025 | |
Messium
|
Messium's technology makes use of proprietary machine learning models and hyperspectral satellite constellations. | $4.5M / Seed / Sep 09, 2025 | |
Koppie
|
Koppie is a company has developed a patent-pending fermentation and roasting technology that transforms locally sourced pulses | $1.6M / Pre-Seed / Jun 26, 2025 | |
hexafarms
|
hexafarms increases the bottomline revenue of commercial food growers by up to 50% by constantly optimizing production operations in realtime. | $2.7M / Seed / Mar 19, 2025 | |
Agteria Biotech
|
Agetria Biotech is a biotech startup that specializes in agricultural solutions, providing sustainable feed additives for livestock. The company provides a distinctive feed additive aimed at enhancing the overall health and well-being of livestock, simultaneously decreasing methane emissions. This fosters a more sustainable livestock farmingindustry, empowering customers to boost animal health, potentially leading to increased productivity and reduced reliance on antibiotics. | $6.2M / Seed / Feb 12, 2025 | |
|
hexafarms
|
hexafarms increases the bottomline revenue of commercial food growers by up to 50% by constantly optimizing production operations in realtime. | $1.4M / Pre-Seed / May 14, 2024 | |
OlsAro
|
OlsAro produces salt-tolerant crops. | $2.7M / Seed / Apr 16, 2024 | |
Planet A Foods
|
Planet A Foods specializes in the production of cocoa-free chocolate. The company strives to produce food locally, with minimal impact on land and resources, and reduce carbon emissions globally. | $15.4M / Series A / Feb 01, 2024 | |
|
Amatera
|
Amatera is a biotechnology research company that leverages the latest techniques in biotechnology, to create coffee varieties. Amatera urges to make coffee varieties more sustainable and climate resistant to fill that massive demand. Founded by Omar Dekkiche and Lucie Kriegshauser in 2022 and is located in Paris, France. | $1.6M / Pre-Seed / Oct 20, 2023 | |
| See all 30 investments → | |||
Co-Investors
Mudcake
27 deals together
Lever VC
7 deals together
Nucleus Capital
4 deals together
FoodLabs
3 deals together
Big Idea Ventures
3 deals together
Nucleus Capital
3 deals together
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FAQ
What does Mudcake invest in?
Mudcake invests primarily in Food and Beverage, Biotechnology and Food Processing startups, most often at Seed and Pre-Seed stage. Most of the 30 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Mudcake's check size?
Mudcake typically joins rounds of $2.3M–$8.4M at Seed, $125k–$2M at Pre-Seed and $15M–$24M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Mudcake participates in.
How do I contact Mudcake?
Public channels for Mudcake include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Mudcake?
The team at Mudcake includes Anna Ottosson (Founding Partner) and Erik Byrenius (Founding Partner). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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