Bird & Bird advises ECBF on Series A financing round in Vegdog

The ECBF is a private venture capital fund dedicated exclusively to the bioeconomy and circular economy. It invests in visionary European entrepreneurs driving the transition from a fossil-based to a bio-based economy.

Vegdog was founded in 2015 by Tessa Zaune-Figlar and Valerie Henssen and offers the first vegan, gluten-free and 100 percent complete dog food, which was developed in collaboration with specialist vets.

ECBF is investing in Vegdog because of the company's enormous potential to disrupt the dog food market with sustainable and healthy solutions. Vegdog is planning growth rates of up to 80 percent for the coming years. The Vegdog team is set to double in size in 2025 in order to realise the planned expansion into the entire DACH region and the Netherlands as well as other European countries in 2026. 

A significant portion of the investment was contributed by the ECBF, together with the existing investor Green Generation Fund (GGF). Further capital comes from the business angels Dominique Locher, Attollo S.A. and Andrea Skersies (The Nutriment Company, ex-Zooplus). The investment platform Select Alternative Investments and the existing shareholder SFO are also involved in the financing round. 

Mridul Pareek, Investment Associate at ECBF, says: “Driven by an outstanding leadership team and a compelling mission, Vegdog has quickly emerged as the frontrunner in plant-based dog food. We are excited to back their Series A round and support their journey in creating lasting, positive change in the industry. Bird & Bird has been instrumental in guiding us through the complexities of this investment, ensuring a smooth and successful transaction for all parties involved.”

The European Circular Bioeconomy Fund has been advised by the following Bird & Bird lawyers: Counsel Andrea Schlote (Corporate, Munich).