Artesian VC

Artesian VC is an alternative investment management company that specializes in early-stage venture capital, particularly in the clean energy sector. Established in 2004 after spinning out from ANZ Banking Group, the company has evolved to manage a range of specialized funds, with a focus on seed and follow-on investments in startups sourced from approved accelerators, incubators, and academic programs. Artesian's investment strategy emphasizes partnerships with leading organizations in the startup ecosystem, enabling it to identify and support high-potential ventures. With offices in Sydney, Melbourne, Shanghai, New York, London, and Singapore, the company has built a global presence and has successfully raised over AUD 255 million for its various funds. Additionally, Artesian has expanded its reach through initiatives like its China VC Fund and plans for a Southeast Asia VC Fund, underscoring its commitment to fostering innovation in diverse markets.

Matthew Clunies-Ross

Managing Partner

Tim Heasley

Partner and COO

Felix Zhang

Partner

Past deals in Food Processing

LYRO Robotics

Seed Round in 2023
LYRO Robotics develops intelligent robots for order fulfillment in warehouses and logistics. Founded in Australia in 2017, the company specializes in pick-and-pack robots, algorithms, computer vision systems, and grippers.

Journey Foods

Venture Round in 2023
Journey Foods is a technology company that empowers food businesses with AI-driven software. Its platform optimizes product development by providing real-time ingredient data, supply chain insights, and collaborative tools. This enables manufacturers to streamline operations, enhance traceability, and improve decision-making.

GROUNDED

Seed Round in 2022
Grounded is a London-based food and beverage company founded in 2016, specializing in the production of healthy natural drinks. The company focuses on creating low-sugar and plant-based beverages, including protein milkshakes made from coconut milk. Grounded uses only raw ingredients sourced from nature, ensuring that its products provide a flavorful and nutritious alternative to traditional drinks. The packaging is environmentally friendly, utilizing materials derived from plants, which aligns with the company's commitment to sustainability while catering to health-conscious consumers.

On2Cook

Seed Round in 2022
On2Cook is a manufacturer of smart kitchen appliances focused on faster, convenient cooking. The company develops a patent-granted device that can cook with flame and microwaves simultaneously, using a combination of induction heating, flame, and safe microwave technology. The system aims to preserve color, texture, and water-soluble nutrients while reducing cooking time. It includes an IoT-enabled app that supports automated cooking and connections to food delivery services, as well as recipe sharing. The device is designed to streamline home cooking and enable seamless integration with digital food services, offering users a more efficient, versatile cooking experience.

Harmony Baby Nutrition

Seed Round in 2022
Harmony is a biotechnology startup that creates human breast milk protein-based infant nutrition designed to help human babies thrive. It is the world’s first dairy-free, allergen-free and environmentally friendly infant nutrition. Harmony Baby Nutrition was established in 2018 and is based in Boston, MA.

Zero Cow Factory

Pre Seed Round in 2022
Zero Cow Factory is pioneering the production of animal-free milk protein and dairy products using bioengineering and precision fermentation. Their patented technology replicates nature-identical milk proteins, creating ethical, safe, and delicious alternatives to traditional dairy products that are free from lactose, antibiotics, hormones, cholesterol, and saturated fat. This process is also environmentally friendly, requiring significantly less land, water, energy, and greenhouse gas emissions compared to conventional dairy production.

Fresh Supply

Series A in 2022
Fresh Supply Co. Pty. Ltd. is an Australian company based in Brisbane that offers blockchain solutions specifically for the agricultural sector. Established in 2017, the company focuses on enhancing food production and logistics systems through blockchain technology. Its services include tracking the provenance and logistics of horticultural and value-added food products, as well as providing payment solutions. Fresh Supply Co. also specializes in marketing automation and analytics, aiming to improve efficiency and transparency within the agricultural supply chain.

HakkoBako

Venture Round in 2022
HakkoBako specializes in a smart fermentation device designed for professional chefs, facilitating the creation of distinctive flavors through consistent and controlled fermentation processes. Utilizing advanced thermodynamic technology and Internet-of-Things components, the device simplifies the fermentation of a variety of foods and beverages, including bread, cheese, salami, beer, yogurt, kombucha, and miso. By providing a reliable and user-friendly solution, HakkoBako empowers chefs to enhance their culinary creations with precision and ease.

Harmony Baby Nutrition

Seed Round in 2021
Harmony is a biotechnology startup that creates human breast milk protein-based infant nutrition designed to help human babies thrive. It is the world’s first dairy-free, allergen-free and environmentally friendly infant nutrition. Harmony Baby Nutrition was established in 2018 and is based in Boston, MA.

Orbillion Bio

Seed Round in 2021
Orbillion Bio, Inc. is a food-tech company based in Fremont, California, focused on developing cultured meat products derived from heritage cattle breeds. Founded in 2019, the company utilizes small tissue samples from high-quality heritage animals to produce premium cell-based meat products. Orbillion Bio aims to harness the potential of cell-cultured meat to provide delicious and nutritious food that is sustainable and accessible. By sourcing heritage cell lines directly from farmers, the company emphasizes a commitment to quality and sustainability in its production processes.

Fybraworks Foods

Seed Round in 2021
Fybraworks Foods, Inc. is a biotechnology company based in Minnetonka, Minnesota, focused on developing alternative meat substitutes through innovative fermentation techniques. Founded in 2020, the company specializes in creating animal-free meat structural proteins and synthetic meat, aiming to replicate the taste and texture of traditional meat products. By leveraging its advanced technological solutions, Fybraworks Foods enables both industry leaders and individual consumers to access sustainable meat alternatives, thus promoting humane practices and reducing environmental impact associated with animal agriculture.

Bugsolutely

Venture Round in 2021
Bugsolutely designs and produces insect-based foods intended to transform sustainable protein into everyday eating. It offers cricket flour pasta, including varieties with 20% cricket flour, and markets silkworm-based products. The range emphasizes nutritious proteins, vitamins, minerals, and fiber from edible insects as a practical alternative to conventional protein sources, targeting health-conscious and environmentally minded consumers.

Rainfed Foods

Pre Seed Round in 2021
Rainfed Foods is a plant-based protein company established in 2020 and headquartered in Toronto, Canada. The company focuses on producing sustainable and nutritious food options, utilizing climate-resilient underutilized crops such as millets. Rainfed Foods offers a variety of products, including plant-based milk and dairy alternatives, aimed at providing consumers with accessible vegan food choices. By prioritizing sustainability in its operations, Rainfed Foods contributes to the development of resilient food systems.

Upfood IVS

Pre Seed Round in 2021
Upfood is a food tech company upcycling surplus fresh produce and industry side streams into nutritious vegan ingredients.

Cerealthy

Venture Round in 2021
Cerealthy is an innovative company that specializes in producing the first vegetable milk capsules designed for use in coffee machines. Focusing on natural and vegan products, Cerealthy utilizes non-GMO nuts and grains to create its offerings, promoting a sustainable, plant-based approach. The company aims to cater to a diverse customer base, including individuals with lactose intolerance, by providing nutritious alternatives that align with contemporary dietary preferences. Through its unique product line, Cerealthy addresses the growing demand for convenient and healthy food solutions.

Caskai

Venture Round in 2021
Caskai is a company that specializes in transforming coffee byproducts, specifically cascara, into innovative beverages. Cascara, the dried fruit of the coffee cherry, serves as the primary ingredient in Caskai's products, which are designed to provide a refreshing and health-conscious alternative to traditional drinks. These lightly carbonated, non-alcoholic beverages are rich in antioxidants and offer a variety of benefits, making them suitable for consumption during a workday or after physical activity. By utilizing cascara, Caskai not only creates enjoyable beverages but also contributes to sustainability by upcycling a byproduct that would otherwise be considered waste in the coffee production process.

Cell Farm

Venture Round in 2021
Cell Farm is a pioneering clean meat startup based in Latin America, focused on developing and standardizing biotechnological processes to produce meat from animal stem cells. By cultivating meat from these cells instead of raising animals, Cell Farm aims to provide a sustainable alternative that addresses environmental concerns, promotes consumer health, and adheres to ethical standards. The company plays a significant role in transforming the food system, contributing to a more sustainable future for humanity.

Shandi

Seed Round in 2020
Shandi Global is a company focused on developing technology for the production of plant-based meat substitutes that closely mimic the amino acid and protein profiles of traditional meats. This innovation aims to expand the versatility of plant-based offerings beyond conventional formats like patties, nuggets, and sausages. Shandi's products are crafted from organic natural ingredients such as water, beans, lentils, cold-pressed oil, herbs, and vegetables. This commitment to using wholesome components allows businesses to integrate plant-based options into their menus without altering existing recipes, promoting accessibility and affordability in the plant-based food market.

eBottli

Pre Seed Round in 2020
eBottli, established in 2019 and based in Port Adelaide, Australia, specializes in a digital platform that ensures product authenticity and traceability, primarily serving the food and beverage industry. The company's core offerings include real-time tracking, monitoring, and anti-counterfeiting services, facilitated by IoT and blockchain technologies. Additionally, eBottli provides consulting and design services to enhance user experience and product quality.

Phuture

Seed Round in 2019
Phuture Limited is a Hong Kong-based company founded in 2018 that specializes in producing plant-based minced meat products. Focused on sustainability, Phuture aims to provide alternatives to traditional meat by offering non-genetically modified, halal options that closely mimic the taste and texture of pork. The company's proprietary processing technology incorporates rice into its product blend, enhancing the flavor and mouthfeel to create a satisfying experience for consumers. Through innovation in food technology, Phuture seeks to redefine the culinary landscape and promote healthier lifestyles by making plant-based eating more accessible and enjoyable.

Provenir

Seed Round in 2018
Provenir is a vertically integrated meat processing company that operates on-farm processing facilities to supply high-quality red meat and poultry. Its mobile on-farm abattoir model reduces livestock stress by eliminating live transport and aims to improve animal welfare while enabling farmers to increase yields. The approach supports sustainable farming practices and emphasizes provenance and accountability in its operations.
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