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VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 8 SOURCES

Five Seasons Ventures

Also known as Five Seasons Ventures Sarl, FSV

Paris-based, AMF-authorised pan-European VC investing €2–10M from seed to Series B in food and consumer brands; Fund I €77M, Fund II €180M (2021).

HEADQUARTERS
Paris, France
FOUNDED
—
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
10 people

Focus

STAGES
SeedSeries ASeries B
SECTORS
Food & AgricultureConsumer & E-commerce
ASSET MIX
Venture capitalImpact
GEOGRAPHY
Europe

Overview

Five Seasons Ventures is a Paris-based venture capital firm, authorised by the AMF, that invests in European consumer food, health and pet brands. It was co-founded by Niccolò Manzoni and Ivan Farneti and invests €2–10M per company from seed to Series B. Its first fund closed at €77M and its second at €180M in October 2021, with an emphasis on consumer food companies with a measurable environmental or social impact. Exits include Butternut Box, Just Spices (Kraft Heinz) and yfood (Nestlé).

Investment thesis

Pan-European seed to Series B consumer brands, mainly food, healthy snacking, supplements and pet food, that aim to become category leaders with defined sustainability goals; tickets €2–10M.

PORTFOLIO (24)

  • Air UpNOTABLE
    Consumer & E-commerce
  • KoRoNOTABLE
    Food & Agriculture
  • Just SpicesNOTABLE
    Food & Agriculture · Acquired (Kraft Heinz, 2022)
  • Artah
    Consumer & E-commerce
  • Barkyn
    Consumer & E-commerce
  • Cortilia
    Food & Agriculture
  • Dash Water
    Food & Agriculture
  • Her One
    Consumer & E-commerce
  • HEY HOLY
    Consumer & E-commerce · since 2025
  • Just Legends
    Food & Agriculture
  • La Fourche
    Food & Agriculture
  • Mammaly
    Consumer & E-commerce
  • Puresport
    Consumer & E-commerce
  • Pyxo
    Software & SaaS
  • spacegoods
    Consumer & E-commerce
  • Tallow + Ash
    Consumer & E-commerce
  • The Nu Co.
    Food & Agriculture
  • THIS
    Food & Agriculture
  • Tropic Biosciences
    Biotech & Life Sciences
  • Untamed
    Consumer & E-commerce
  • Vly
    Food & Agriculture
  • Yamo
    Food & Agriculture
  • Butternut Box
    Consumer & E-commerce · Exited (to General Atlantic & L Catterton)
  • yfood
    Food & Agriculture · Acquired (Nestlé)

People

  • Niccolò Manzoni
    Managing Partner, Co-Founding Partner · source
  • Ivan Farneti
    Managing Partner, Co-Founding Partner · source
  • Sam Kaplan
    Partner · source
  • Saskia Hoebée
    Partner · source
  • Mehdi Raza
    Chief Financial Officer · source
  • Valerie Evans
    Senior Associate · source
  • Andre Purits
    Associate · source
  • Lucie Paté
    Associate · source
  • Sebastian Zipfel
    Analyst · source
  • Giancarlo Addario
    Strategic Advisor · source

Links

Frequently asked questions

Five Seasons Ventures is a VC fund based in Paris, France.

Yes. Five Seasons Ventures invests its own capital in private companies.

Five Seasons Ventures invests at Seed, Series A and Series B stages in Food & Agriculture and Consumer & E-commerce.

Five Seasons Ventures's stated ticket size is €2M–€10M.

Key people at Five Seasons Ventures include Niccolò Manzoni (Managing Partner, Co-Founding Partner), Ivan Farneti (Managing Partner, Co-Founding Partner), Sam Kaplan (Partner) and Saskia Hoebée (Partner).

Five Seasons Ventures's investments include Air Up, KoRo, Just Spices, Artah, Barkyn, Cortilia, Dash Water and Her One, among others.

The most recent publicly reported investment by Five Seasons Ventures is HEY HOLY (€5.7M Series A (led by Five Seasons Ventures)), announced in Jul 2025.

Yes. Five Seasons Ventures manages capital from outside investors.