Cold chain logistics in Benelux is vital for ensuring the safe transportation and storage of perishable goods like food and pharmaceuticals. This industry features warehousing companies, transportation providers, and packaging firms that specialize in maintaining specific temperature requirements throughout the supply chain. The rise of e-commerce has intensified demand, pushing for smarter and more efficient solutions. Companies are increasingly adopting innovative technologies like IoT systems to monitor and optimize their cold chain processes. As sustainability becomes a priority, many are exploring eco-friendly practices, promising a future where cold chain logistics supports both quality and environmental responsibility.


Among the 18 notable investors in the cold chain logistics sector, we see a mix of venture capital, private equity, and corporate investors. Predominantly based in the Netherlands and Belgium, these firms range from established players like CVC, founded in 2005, to emerging names like Mutares, founded in 2021. With investment sizes from small firms to those with over 10,000 employees, the diversity reflects targeting of innovative companies suitable for this logistic niche. Collectively, they engaged in 151 deals in 2024, indicating a robust interest in growing the cold chain logistics landscape in Benelux.


Top 18 Cold Chain Logistics Investors in Benelux


1. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent investment firm founded in 2005, based in Luxembourg, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant moves in the logistics sector, including the acquisition of Scan Global Logistics in February 2023, which enhances their portfolio in cold chain logistics. This acquisition aligns with their strategy to invest in companies that provide essential services in the logistics industry. Additionally, their involvement in other sectors, such as their stake in CLH Group, further demonstrates their diverse investment approach, although not directly related to cold chain logistics.


2. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation in diverse sectors. Notably, the EIC has been involved in several transactions relevant to cold chain logistics, such as its investment in DRONAMICS, a cargo drone airline that received €10 million in funding to enhance its operations, which could include the transportation of temperature-sensitive goods. Additionally, the EIC has provided grants to companies like Cellbox Solutions, which focuses on temperature-controlled logistics solutions, further emphasizing its commitment to supporting innovations that can impact the cold chain logistics industry.


3. Prosus Group

  • Website: prosus.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2019
  • Headcount: 10001+
  • Number of deals in 2024: 21
  • LinkedIn: prosus-group

Prosus Group is a global technology investor and operator based in Amsterdam, Netherlands, focused on enhancing everyday life through technology. Founded in 2019, the firm operates across various sectors, including online classifieds, food delivery, payments, and education technology, serving over two billion customers worldwide. Prosus partners with local entrepreneurs to create valuable products and services, fostering community growth and sustainable business practices. Notably, Prosus has made significant investments in logistics-related companies, such as 99 Minutos, which raised $82 million in a Series C round to expand its logistics services for e-commerce and develop a sustainable fleet. Additionally, their investment in ElasticRun, which raised over $302 million in Series E funding, highlights their commitment to enhancing logistics capabilities. These transactions indicate Prosus Group's active role in the logistics sector, including potential applications in cold chain logistics.


4. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux, a private equity firm based in Amsterdam, was founded in 2021 and specializes in acquiring and managing companies in transition. The firm provides operational support and consulting services to enhance profitability and growth across various sectors, including automotive, technology, and retail. Notably, Mutares has made significant strides in the cold chain logistics sector, highlighted by its acquisition of Frigoscandia Distribution, a prominent Nordic provider of logistics solutions for fresh, chilled, and frozen foods, projected to generate nearly EUR 300 million in revenue. Additionally, Mutares has been active in acquiring companies like Alcura and GDL, further expanding its portfolio in logistics and related services, which may include cold chain logistics operations.


5. Triton Partners


Triton Partners is a private equity investment firm based in Luxembourg, founded in 1997. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock their full potential. Notably, Triton has made significant investments in the cold chain logistics sector, including the acquisition of Frigoscandia Distribution in 2002, a key player in temperature-controlled logistics. They also acquired Geia Food in 2021, which is involved in the food supply chain, indicating their engagement with temperature-sensitive products. Additionally, their acquisition of Kälte Eckert GmbH in 2022, a supplier of cooling systems, further emphasizes their commitment to businesses that support cold chain logistics operations. Through these transactions, Triton Partners demonstrates a strategic interest in enhancing the cold chain logistics landscape.


6. Brabantse Ontwikkelings Maatschappij (BOM)


The Brabantse Ontwikkelings Maatschappij (BOM) is a venture capital firm based in Tilburg, North Brabant, Netherlands, founded in 1983. BOM acts as a development agency that supports startups and scale-ups in the Brabant region by providing funding, expertise, and networking opportunities to enhance business growth. They have been involved in various sectors, including sustainable food and energy. Notably, BOM has invested in Shypple, a digital freight forwarding platform, which raised €7.1 million in a Series A funding round in 2021, and previously in 2018, they participated in multiple funding rounds for Shypple, indicating a commitment to logistics innovation. Additionally, they invested in CtrlChain, which may also have relevance in logistics. These transactions highlight BOM's interest in logistics, making them a potential player in the cold chain logistics industry.


7. bpost

  • Website: bpost.be
  • Type: Corporate
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2002
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: bpost

bpost is a corporate investor based in Brussels, Belgium, primarily known as a postal service and logistics provider. Founded in 2002, bpost offers a range of services including mail delivery, parcel shipping, and logistics solutions for both consumers and businesses. In recent years, bpost has made significant acquisitions to enhance its logistics capabilities. Notably, in 2018, bpost acquired Leen Menken Foodservice Logistics B.V., a Dutch company specializing in the logistics of fresh and frozen food products, which positions bpost within the cold chain logistics sector. Additionally, bpost has expanded its international operations through acquisitions such as Landmark Global Inc. and Radial, focusing on e-commerce logistics. These strategic moves reflect bpost's commitment to enhancing its logistics offerings, including those relevant to cold chain management.


8. VentureFriends

  • Website: venturefriends.vc
  • Type: Venture Capital
  • Headquarters: Netherlands
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 8
  • LinkedIn: venturefriends

VentureFriends is a venture capital firm based in the Netherlands, founded in 2016, that specializes in early-stage investments in startups. They provide financial backing and strategic support to ambitious founders, particularly in sectors like FinTech and PropTech. In addition to these primary sectors, VentureFriends has shown interest in logistics through their investments in companies such as Weengs, a UK logistics startup that raised £6.5 million in Series A funding, and byrd, a logistics platform that raised significant funding in Series A and B rounds. Their investment in Agro.Club, an agtech startup, also suggests a broader interest in supply chain solutions, which can intersect with cold chain logistics. This diverse portfolio indicates their capability and willingness to engage with the logistics sector, making them a potential player in the cold chain logistics space.


9. Ingka Investments

  • Website: ingka.com
  • Type: Corporate
  • Headquarters: Leiden, South Holland, Netherlands
  • Founded year: 2018
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: ingka-investments

Ingka Investments, a corporate investor based in Leiden, South Holland, Netherlands, is part of the Ingka Group, which operates IKEA stores and shopping centers globally. Founded in 2018, Ingka Investments focuses on long-term growth and sustainability through strategic investments. Notably, they have participated in several transactions that enhance logistics capabilities. For instance, their investment in GoBolt, a technology company that raised CAD$75M, aims to improve sustainability in logistics through an electric fleet and warehouse automation. Additionally, Ingka's acquisition of Made4Net, a warehouse management system provider, is intended to bolster IKEA's order fulfillment capabilities, which is critical in the context of cold chain logistics. Furthermore, their investment in DST, a logistics electric vehicle operations platform, highlights their commitment to advancing logistics solutions, including those relevant to temperature-sensitive goods. Overall, Ingka Investments is actively engaging in sectors that support logistics efficiency and sustainability, making them a noteworthy player in the cold chain logistics landscape.


10. Triodos Investment Management


Triodos Investment Management is an impact investment firm based in Driebergen-Rijsenburg, Utrecht, Netherlands, founded in 1994. The firm focuses on generating social and environmental impact alongside financial returns, offering a range of investment strategies across various themes, including energy, climate, and sustainable agriculture. In recent years, Triodos has participated in several significant transactions that align with cold chain logistics. For instance, their investment in Ecozen, a Pune-based deep tech startup, highlights their interest in enhancing agricultural supply chains through technology, which is crucial for cold chain logistics. Additionally, their recent funding of SureChill, which specializes in innovative cooling solutions, further emphasizes their commitment to supporting technologies that are essential for maintaining the integrity of temperature-sensitive goods during transportation and storage. These investments reflect Triodos' strategy to align with positive change while also addressing the logistical challenges faced in the cold chain sector.


11. Ctp

  • Website: ctp.eu
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1998
  • Headcount: 501-1000
  • Number of deals in 2024: 1
  • LinkedIn: ctp-invest

CTP is a corporate investor based in Amsterdam, Netherlands, founded in 1998. The company specializes in the development and management of industrial and logistics properties across Europe, providing tailored leasing solutions to businesses in various sectors. CTP is committed to sustainability and offers comprehensive property management services to ensure operational efficiency for its clients. Notably, CTP has made significant acquisitions in the logistics sector, including the Equest Logistic Park, which expanded their logistics portfolio in Romania by 57,000 m2, and Levante Logistics, further enhancing their presence in the logistics market. These transactions highlight CTP's active role in the logistics industry, which is relevant to cold chain logistics operations.


12. Castik Capital


Castik Capital is a private equity firm based in Luxembourg, founded in 2014, that focuses on long-term investments in high-quality businesses across Europe. The firm partners with management teams and founders to support their growth plans, aiming to create market leaders in various industries, including technology and healthcare. Notably, Castik Capital has been involved in several transactions relevant to the logistics sector, such as the acquisition of inet-logistics, which enhances capabilities in transportation management software and freight exchange solutions. They also acquired Customs Support Group, which plays a role in logistics and customs services, further indicating their engagement in the logistics space. These transactions highlight Castik's strategic interest in businesses that support logistics operations, including those that may intersect with cold chain logistics.


13. AAC Capital Partners


AAC Capital Partners is a private equity investment firm based in Amsterdam, Netherlands, founded in 1982. The firm specializes in providing growth capital and strategic guidance to mid-sized businesses in the Benelux region, with a focus on fostering entrepreneurship and sustainable growth through partnerships with management teams. Notably, AAC Capital Partners acquired a majority stake in Envirotainer in January 2010, a leading manufacturer of temperature-controlled containers essential for the pharmaceutical industry, highlighting their engagement in the cold chain logistics sector. Additionally, they acquired CleanLease in June 2004, further showcasing their investment activity in various sectors, although CleanLease is less directly related to cold chain logistics.


14. ICT Group

  • Website: ict.eu
  • Type: Corporate
  • Headquarters: Barendrecht, South Holland, Netherlands
  • Founded year: 1978
  • Headcount: 1001-5000
  • LinkedIn: ict_group

ICT Group is a corporate investor based in Barendrecht, South Holland, Netherlands, specializing in technology solutions for industrial automation and digital transformation. Founded in 1978, the company has a workforce of 1001-5000 employees and focuses on enhancing operational efficiency and sustainability through innovative technological solutions. In recent years, ICT Group has made significant acquisitions to strengthen its position in the logistics market. Notably, they acquired Modality, a leading IT systems provider for intermodal container logistics, which enhances their capabilities in logistics operations. Additionally, their acquisition of YellowStar Solutions, which offers web-based supply chain solutions, further solidifies their commitment to the logistics sector. These transactions indicate ICT Group's strategic interest in logistics, making them a potential player in the cold chain logistics industry.


15. Vinci Venture Capital

  • Website: vincivc.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2018
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: vinci-venture-capital

Vinci Venture Capital is a venture capital firm based in Amsterdam, Netherlands, founded in 2018. The firm specializes in early-stage technology investments across Europe, with a focus on sectors such as logistics, energy, mobility, and industry 4.0. Vinci VC not only provides capital but also offers strategic support and resources to help startups achieve growth and commercial success. Among its notable transactions, Vinci VC has invested in ShipsGo, which raised $500,000 in a seed round in December 2020, and Octovan, which has received multiple rounds of funding, including a Series A round of $1,031,170 in April 2023 and a convertible note of $628,477 in September 2022. These investments in logistics technology suggest a commitment to enhancing operational efficiencies, which could be relevant to cold chain logistics.


16. Pmv

  • Website: pmv.eu
  • Type: Venture Capital
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2001
  • Headcount: 51-200
  • Number of deals in 2024: 11
  • LinkedIn: pmv-eu

Participatiemaatschappij Vlaanderen (PMV) is a public entity based in Brussels, Belgium, that acts as an investment company for the Flemish government. Founded in 2001, PMV provides a range of financing solutions, including loans and co-financing, to startups, scale-ups, and established businesses across various sectors such as real estate, clean tech, and life sciences. In the logistics sector, PMV has invested in companies like Dockflow, which raised funding to enhance transparency and reliability in logistics operations, and SupplyStack, which secured €5 million in a Series A funding round to improve logistics technology. These investments highlight PMV's engagement in the logistics industry, particularly in areas that can impact cold chain logistics.


17. Astorg

  • Website: astorg.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 1998
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: astorg

Astorg is a private equity firm based in Luxembourg, founded in 1998, specializing in investments in global B2B companies. With €22 billion in assets under management, Astorg focuses on creating long-term value through a disciplined investment process and strong partnerships with entrepreneurs. They provide capital, strategic guidance, and governance to management teams in sectors such as healthcare, technology, and business services. Notably, Astorg acquired a 51% stake in Groupe STACI, a leader in logistic services for non-commercial products, which highlights their engagement in the logistics sector. This acquisition, announced in September 2006, allows Astorg to hold significant voting rights in the company, indicating a strong commitment to the logistics space. Additionally, their investment in EcoVadis, which focuses on sustainability intelligence in supply chains, further emphasizes their interest in improving logistics operations, potentially including cold chain logistics.


18. Anterra Capital

  • Website: anterracapital.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2013
  • Headcount: 11-50
  • Number of deals in 2024: 9
  • LinkedIn: anterra-capital

Anterra Capital is a venture capital firm based in Amsterdam, Netherlands, specializing in agrifood technology investments. Founded in 2013, the firm focuses on supporting startups that leverage biotechnology and digital solutions to enhance food production and sustainability. Anterra Capital operates primarily in North America and Europe, targeting innovative companies in the agrifood sector. Notably, they have participated in funding rounds for companies like ProducePay, which raised significant capital to advance technology and services aimed at reducing food waste in the fresh produce supply chain. Additionally, their investment in It's Fresh!, which is developing technology for modified air packaging, highlights their commitment to improving logistics and sustainability in food distribution. These transactions underscore Anterra Capital's strategic focus on enhancing the efficiency of food systems, including aspects related to cold chain logistics.



Cold Chain Logistics Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
CvcLuxembourg1001-5000200516
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
Prosus GroupAmsterdam, North Holland, Netherlands10001+201921
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
Triton PartnersLuxembourg201-50019976
Brabantse Ontwikkelings Maatschappij (BOM)Tilburg, North Brabant, Netherlands51-200198310
bpostBrussels, Brussels, Belgium10001+20021
VentureFriendsNetherlands1-1020168
Ingka InvestmentsLeiden, South Holland, Netherlands51-20020184
Triodos Investment ManagementDriebergen-Rijsenburg, Utrecht, Netherlands201-50019946
CtpAmsterdam, North Holland, Netherlands501-100019981
Castik CapitalLuxembourg51-20020142
AAC Capital PartnersAmsterdam, North Holland, Netherlands11-5019821
ICT GroupBarendrecht, South Holland, Netherlands1001-500019780
Vinci Venture CapitalAmsterdam, North Holland, Netherlands1-1020181
PmvBrussels, Brussels, Belgium51-200200111
AstorgLuxembourg51-20019988
Anterra CapitalAmsterdam, North Holland, Netherlands11-5020139


Want to find more investors focusing on the cold chain logistics industry?

If you want to find more investors that are active in the cold chain logisticsindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!