Monday, July 24, 2023

Supply Change Capital Raises $40M Venture Fund

Los Angeles-based Supply Change Capital, a new venture capital fund focused on investments in food startups, has raised a $40M fund, the firm said this morning. The firm--led by investment veterans Noramay Cadena and Shayna Harris--said it has alread invested over $13M across 15 early-stage food and agriculture technology companies since June of 2021. The firm is looking at "deep tech" food, agriculture and ingredient companies, supply chain technology, and enterprise software, with a particular focus on Latinx, Black, and/or female founder/CEOs. The new fund is the firm's first fund. (Image: Shayna Harris and Noramay Cadena, courtesy Supply Change Capital)