Photo by White Rabbit Projects

McWin Food Ecosystem Fund

McWin FEF I has invested in leading food services brands, such as Burger King, Vapiano and Gails, and within the food technology allocation, the fund has invested in category leaders such as Upside Foods, The Every Company, Oishii and Footprint.


McWin Food Ecosystem Fund (the ‘McWin FEF’) was founded in September 2021 and is focused on foodservice and foodtech investment opportunities. 

The McWin Food Ecosystem Fund (the ‘McWin FEF’), founded by entrepreneurs Henry McGovern and Steven K. Winegar in September 2021, is focused on investments in foodservice and foodtech. Henry is the founder of AmRest, having led the company to a 13,7x return to investors between IPO and his exit in 2019. Steve is an icon in the Spanish restaurant industry for 30+ years, having founded and developed several successful restaurant concepts and exits.

With their many years of experience and network in the foodservice sector, the team behind the McWin has fully invested the McWin Food Ecosystem Fund,  to drive meaningful change in the food system, connecting the food service and food technology verticals, and improving sustainability and environmental performance.

Investment Strategy

The fund invested 70% in mid-cap, high-growth food service brands in Europe, as well as in 30% growth-stage food technology companies, with the aim of connecting the food ecosystem and maximizing synergies to achieve scale

Food Service
40 %
Food Tech
0 %

Notable Investments


Sticks'n'Sushi operates a portfolio of premium-casual dining, modern Sushi restaurants in Denmark, the UK and Germany. Founded in Denmark in 1994 by Danish-Japanese siblings, Sticks'n'Sushi restaurants are a blend between traditional Japanese and modern Scandinavian design and offer its guests top quality sushi and grilled sticks.


Manifesto is a next-generation food market hall brand in the intersection of food and beverage, real estate, technology, and culture. It is an award-winning gastro-cultural concept in a new F&B market segment experiencing exponential growth.

White Rabbit

White Rabbit is a hospitality development platform that partners with early-stage restaurants and entrepreneurs to support and accelerate growth. The hospitality incubator’s unique development platform identifies and incubates early-stage hospitality brands, helping them to scale successfully.

 FDA Approved


UPSIDE FOODS is a cell-cultured meat company. The company’s initial products will be chicken meat, grown in bioreactors without needing animals, but they are also developing other types of meat such as beef, pork, and shellfish.


Oishii is a vertical farming company that specializes in the production of premium-grade, brandable flowering fruits. They currently sell strawberries but have a pipeline of crops they will introduce over the years, including melons, tomatoes, grapes, and other berries.



Menu developed an advanced, holistic, and integrated digital omnichannel platform enabling restaurant brands to offer guest self-order, pay incentive & engagement. They are one of the most important providers for global restaurant brands on the market.

Featured News

In the News


Oishii Bucks Vertical Farming’s Downward Trend With Us$134m Fund Boost

March 1, 2024

FoodBev Media

Oishii Raises $134m in Series B Funding Round

February 28, 2024

Just Food

Oishii Nabs $134m to Grow Vertically Farmed Strawberry Business

February 28, 2024


‘Prioritizing Taste Over Timelines’: Amidst Ongoing Market Correction, Vertical Farming Company Oishii Raises $134m Series B

February 27, 2024

MCA Insight

Mcwin: ‘It’s About Looking for Great Opportunities’

February 5, 2024

MCA Insight

Gail's Bakery: 'We Can Provide a Better Alternative'

February 2, 2024

Accelerating the world’s food ecosystem transformation.

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