AgFunder

AgFunder Inc. is a venture capital firm based in San Francisco, California, founded in 2013. It specializes in early-stage investments, particularly in the agritech and food tech sectors, focusing on companies that address challenges within the food system. AgFunder emphasizes technologies that generate significant environmental and social impacts, evaluating each investment against ESG principles and the Sustainable Development Goals. As part of its investment strategy, portfolio companies must adopt ESG policies to embed these principles into their company culture. The firm operates as a Platform-VC, utilizing technology and research to create a global network of over 50,000 members, including more than 5,000 investors. AgFunder also offers co-investment opportunities through special funds and Special Purpose Vehicles, aiming to scale its investments in innovative solutions such as automation, supply chain digitization, food waste reduction, alternative proteins, and nutrition.

Sofía Ramírez Calvo

Venture Partner

Quinten Eggink

Investor

Andrew Finkelstein

Investor

John Friedman

Investor

Manuel Gonzalez

General Partner

Jonathan Ho

Associate

Lauren Manning

Investor

Angela Tay

Associate

Past deals in Nutrition

Fable Food

Series A in 2023
Producer of plant-based meat products intended to offer a vegan substitute to meat dishes and products. The company's products are based on shiitake mushrooms to mimic the taste and texture of meat, enabling food and meat enthusiasts to have a nutritional and healthy substitute for meat.

FYTO

Series A in 2022
FYTO provides innovative solutions which improve the economic and environmental sustainability of agriculture for farmers around the world. FYTO is developing: NOVEL NUTRIENT-DENSE CROPS that have ultra-high yields and ultra-low resource requirements, STATE-OF-THE ART CULTIVATION AND HARVESTING SYSTEMS for exceptional quality and consistency, CLIMATE-FRIENDLY METHODOLOGIES for resiliency and long-term sustainability, and a range of GROUNDBREAKING AGRICULTURAL PRODUCTS such as animal feed and biofertilizer.

Brown Foods

Seed Round in 2022
Brown Foods is to produce “real cow’s milk” in a laboratory.

VeggieVictory

Pre Seed Round in 2022
VeggieVictory is Nigeria’s first plant-based food tech company bringing people a healthier and more sustainable lifestyle through plant-based meats and meals.

Green Rebel Foods

Seed Round in 2022
Operator of a plant-based meat company intended to provide animal-free and vegan meat-like products. The company's food products are of high protein and have no cholesterol, less saturated fat, with authentic Asian flavors, and require lesser natural resources compared to animal products, enabling consumers to have meat products that are proteinaceous and have health benefits minus the carbon footprint.

Umaro

Seed Round in 2022
Umaro Foods focuses on creating a sustainable plant-based protein derived from ocean-farmed seaweed. The company aims to provide a nutritious protein alternative while promoting the humane treatment of animals and environmental sustainability. Its innovative products include crispy, crunchy, and umami-flavored bacon alternatives, designed to appeal to consumers looking for healthier and more ethical food options. By collaborating with seaweed farmers, Umaro Foods seeks to establish a more productive and scalable protein source that surpasses traditional soy production, contributing to a thriving planet.

Black Sheep Foods

Seed Round in 2022
Black Sheep Foods Inc., founded in 2017 and headquartered in San Francisco, California, specializes in producing plant-based lamb alternatives. The company leverages innovative technology and analytical chemistry to develop its products, which include a plant-based alternative to ground lamb made from soy protein, coconut oil, and natural flavors. By offering a sustainable substitute for traditional lamb, Black Sheep Foods aims to provide consumers with a healthier option that also helps reduce their carbon footprint while delivering a similar taste experience.

Faeth

Seed Round in 2022
Faeth Therapeutics is a healthcare company dedicated to enhancing cancer treatment through a deep understanding of the relationship between dietary nutrients and tumor growth. By aligning specific diets with tumor genotypes and treatment regimens, Faeth aims to limit the energy and resources that tumors need to proliferate, thereby improving patient outcomes in cancer therapy. Founded by leading researchers and clinicians, the company seeks to translate significant discoveries from cancer research laboratories into effective clinical practices, focusing on evidence-based approaches to optimize treatment strategies for cancer patients.

Juicy Marbles

Seed Round in 2021
Juicy Marbles is a food-tech company focused on producing plant-based meat products that aim to replicate the taste, texture, and experience of animal-derived meats. Utilizing proprietary protein texturing technology, the company offers thick, juicy, and marbled plant-based steaks among other meat alternatives. Juicy Marbles envisions a sustainable future for the meat industry, with a goal to significantly reduce meat consumption by 2030. By providing high-quality vegan options, the company enables consumers to enjoy healthier eating choices while maintaining a similar culinary experience to traditional meat.

Fable Food

Seed Round in 2021
Producer of plant-based meat products intended to offer a vegan substitute to meat dishes and products. The company's products are based on shiitake mushrooms to mimic the taste and texture of meat, enabling food and meat enthusiasts to have a nutritional and healthy substitute for meat.

Green Butcher

Seed Round in 2021
Green Butcher operates as a plant-based eatery chain.

NUGGS

Convertible Note in 2020
NUGGS is a plant-based chicken nugget developed by SIMULATE, an early-stage biotechnology company founded by Ben Pasternak in 2019. Utilizing advanced soy protein technology, NUGGS replicates the texture and flavor of traditional chicken nuggets while offering nutritional advantages, including 13 grams of protein and 10 grams of fat, making it lower in fat and cholesterol-free compared to animal-based options. NUGGS operates similarly to a technology startup, with a commitment to continuous improvement based on consumer feedback, akin to software updates. Since its launch, NUGGS has rapidly gained popularity, positioning itself as a disruptive force in the animal-based meat industry. SIMULATE is also expanding its product line, with plans for additional offerings in the near future.

NUGGS

Series A in 2020
NUGGS is a plant-based chicken nugget developed by SIMULATE, an early-stage biotechnology company founded by Ben Pasternak in 2019. Utilizing advanced soy protein technology, NUGGS replicates the texture and flavor of traditional chicken nuggets while offering nutritional advantages, including 13 grams of protein and 10 grams of fat, making it lower in fat and cholesterol-free compared to animal-based options. NUGGS operates similarly to a technology startup, with a commitment to continuous improvement based on consumer feedback, akin to software updates. Since its launch, NUGGS has rapidly gained popularity, positioning itself as a disruptive force in the animal-based meat industry. SIMULATE is also expanding its product line, with plans for additional offerings in the near future.

Alpha Foods

Series A in 2020
Alpha Foods is a producer of plant-based food products that emphasizes taste, texture, and sustainability. Founded in 2015, the company aims to provide delicious meat alternatives derived from plants, catering to consumers seeking healthier dietary options. Its offerings include a variety of convenience foods made from non-dairy and non-genetically modified organisms ingredients, ensuring that customers receive cholesterol-free products with enhanced protein content. Alpha Foods is committed to promoting a healthier diet and a sustainable food industry through its innovative plant-based alternatives.

NUGGS

Series A in 2019
NUGGS is a plant-based chicken nugget developed by SIMULATE, an early-stage biotechnology company founded by Ben Pasternak in 2019. Utilizing advanced soy protein technology, NUGGS replicates the texture and flavor of traditional chicken nuggets while offering nutritional advantages, including 13 grams of protein and 10 grams of fat, making it lower in fat and cholesterol-free compared to animal-based options. NUGGS operates similarly to a technology startup, with a commitment to continuous improvement based on consumer feedback, akin to software updates. Since its launch, NUGGS has rapidly gained popularity, positioning itself as a disruptive force in the animal-based meat industry. SIMULATE is also expanding its product line, with plans for additional offerings in the near future.

Planetarians

Seed Round in 2019
Planetarians is focused on developing innovative ingredient technology systems to create affordable and healthy plant-based proteins. The company aims to address the growing demand for alternative meats, projected to rise from 2% to 23% of consumption, by utilizing animal feed sources such as sunflower, corn DDGS, and pulses. Their approach skips traditional protein isolation methods, employing a unique process that combines solid-state fermentation and wet extrusion. This method not only enhances the protein quality and umami taste of their products but also reduces costs compared to conventional meat alternatives. Additionally, Planetarians utilizes by-products from vegetable oil extraction and beer fermentation, creating carbon-negative meat alternatives that can fortify various food products with natural protein and fiber.

Kuli Kuli

Seed Round in 2014
Kuli Kuli, Inc. is a producer of nutritional moringa products based in Oakland, California. Founded in 2011 by Anne Tsuei, Jordan Moncharmont, Lisa Curtis, and Valerie Popelka, the company offers a range of products, including moringa bars, moringa powders, green energy shots, herbal teas, and sampler packs. Kuli Kuli markets its products through both retail stores and online channels, aiming to provide health-conscious consumers with the benefits of moringa, a nutrient-rich superfood.
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