Kale United grows and hints at new fund

Kale United invests in groundbreaking foodtech and new alternative protein solutions. The news for Q2 2024 reveals a surge in stock value and a newly erected structure for a fund aiming to scale the next generation food system.

Foodtech has suffered during the last year but Swedish investor Kale United can now declare a strong comeback on national and international markets. During the second quarter 2024 Kale United increased its stock value by 17.7% to a stock price of 259 SEK while the company's net asset value increased by 8.2%.

Kale United's growth came largely out of a major investment in Livekindly that owns brands such as Oumph and Fry's. The second investment of the quarter was in Cultimate Foods that develops cell-based fats for the food industry.

"We're pleased to see strong development in our stock price ahead of launching our new fund Kale Growth. Kale United is currently forecasted to grow by 63% until the end of 2026 and to commence an IPO that same year," says Måns Ullerstam, founder Kale United

During the recent recession, Kale United has accounted for positive market developments within its segment. The extended period of limited funding has resulted in a surplus of undervalued yet resilient foodtech companies eager to scale. To capitalize on this opportunity, Kale Fund Manager has been established to manage the assets of both Kale United and the new fund, Kale Growth.

Kale Growth is looking to invest €50 million to accelerate and scale a new and sustainable food system by empowering foodtech companies to replace conventional food companies and their products.