Tenacious Ventures

Tenacious Ventures is a venture capital investment firm based in Melbourne, Australia, founded in 2019. The firm focuses on supporting early-stage innovators in the agri-food sector, investing in companies that are developing solutions within food and agriculture. By targeting the agri-food technology market, Tenacious Ventures aims to foster innovation and growth in this critical industry, contributing to advancements that can enhance food production and sustainability.

Sarah Nolet

Co-Founder and Managing Partner

Matthew Pryor

General Partner

18 past transactions

Earthodic

Seed Round in 2024
Earthodic is an Australian materials science company that specializes in the development of bio-based coatings aimed at reducing reliance on non-renewable resources. The company produces a biobased water-resistant coating suitable for use on pulped paper and various products. This innovative coating is designed for manufacturers, converters, and consumer brands, enabling them to coat items such as packaging and materials used in agriculture and construction. By offering a sustainable alternative to traditional plastic, Earthodic contributes to environmentally friendly practices in multiple industries.

Jupiter Ionics

Series A in 2024
Jupiter Ionics specializes in the development of green ammonia technology aimed at achieving carbon-neutral ammonia production. The company's innovative approach utilizes an electrolytic cell that converts air, water, and solar energy into ammonia, making it compatible with renewable power sources. This modular, distributed, and scalable technology allows industrial units to access carbon-neutral green ammonia efficiently and feasibly. The team at Jupiter Ionics consists of dedicated scientists and engineers focused on advancing these electrochemical processes to contribute to sustainable ammonia production.

Goterra

Series B in 2023
Goterra specializes in innovative waste management solutions that address food waste challenges in logistics and distribution. The company develops autonomous insect farms that convert food waste into sustainable protein and fertilizer, supporting principles of environmental sustainability and the circular economy. By integrating its modular systems into existing waste management infrastructures, Goterra enhances food waste processing without disrupting current services. This approach not only provides farmers with a low-impact, organic source of nutrients but also contributes to a comprehensive solution that spans all stages of the food waste management supply chain.

Azaneo

Pre Seed Round in 2023
Azaneo specializes in innovative electric weeding technology aimed at transforming weed control in agriculture. The company's devices utilize cutting-edge microwave technology to address the challenges posed by pesticide-resistant weeds, significantly reducing the need for chemical herbicides. This approach not only helps prevent yield losses caused by diseases but also allows for effective weed management regardless of weather conditions. By offering a sustainable and economical solution for farmers, Azaneo contributes to the advancement of sustainable food production practices.

Earthodic

Pre Seed Round in 2023
Earthodic is an Australian materials science company that specializes in the development of bio-based coatings aimed at reducing reliance on non-renewable resources. The company produces a biobased water-resistant coating suitable for use on pulped paper and various products. This innovative coating is designed for manufacturers, converters, and consumer brands, enabling them to coat items such as packaging and materials used in agriculture and construction. By offering a sustainable alternative to traditional plastic, Earthodic contributes to environmentally friendly practices in multiple industries.

SwarmFarm Robotics

Series A in 2023
SwarmFarm Robotics is a manufacturing company focused on creating autonomous robotics technologies for the agriculture sector. The company designs automatic machines that aim to enhance efficiency and sustainability in farming practices. Its collision-avoiding robots serve as alternatives to traditional large tractors, specifically for mowing and slashing tasks. Additionally, these robots are equipped with precision sprayers that facilitate accurate application of treatments on turf farms and between orchard rows. This innovation addresses the ongoing issue of rural labor shortages by providing farmers with effective solutions for their agricultural needs.

Vow

Series A in 2022
Vow Foods is a company that specializes in producing cultivated exotic meat through lab-based methods. By utilizing animal cells rather than traditional livestock, Vow aims to create sustainable and ethical meat alternatives. The process involves harvesting animal cells via biopsy and growing them in a nutrient-rich medium, which allows for the development of a diverse range of meat products. This innovative approach not only provides consumers, restaurants, and chefs with nutritious and flavorful options but also reduces reliance on natural resources typically used in conventional meat production.

Nowadays

Seed Round in 2022
Nowadays is a company dedicated to producing affordable and scalable manufacturing solutions for whole cuts of plant-based meat. It aims to provide healthier alternatives to traditional junk food by utilizing animal-free ingredients. By focusing on creating nutritious plant-based products, Nowadays enables consumers to enjoy food options that are both healthy and free from animal products, catering to the growing demand for meat alternatives in the market.

Cecil

Pre Seed Round in 2022
Cecil is a company that focuses on promoting sustainable investments in nature through a transparent and high-integrity platform. It aims to facilitate the restoration of land ecosystems by connecting project developers, investors, and landholders. This collaboration fosters improved outcomes for all stakeholders involved, enhancing ecosystems and preserving biodiversity. Cecil's platform also supports the transition to net-zero emissions by enabling teams to operate, track, and report on nature-based projects effectively. Through its initiatives, the company seeks to drive meaningful contributions to environmental sustainability and the health of the planet.

Jupiter Ionics

Seed Round in 2021
Jupiter Ionics specializes in the development of green ammonia technology aimed at achieving carbon-neutral ammonia production. The company's innovative approach utilizes an electrolytic cell that converts air, water, and solar energy into ammonia, making it compatible with renewable power sources. This modular, distributed, and scalable technology allows industrial units to access carbon-neutral green ammonia efficiently and feasibly. The team at Jupiter Ionics consists of dedicated scientists and engineers focused on advancing these electrochemical processes to contribute to sustainable ammonia production.

Geora

Seed Round in 2021
Geora is an open platform designed to enhance data security and sharing within the agricultural sector. It utilizes an Ethereum-based commercial blockchain protocol that serves as a distributed data layer and smart contract library. This technology facilitates the integration of sustainability activities, allowing farmers and agribusinesses to create a digital infrastructure for tracing, trading, and financing global agricultural supply chains. By streamlining these processes, Geora aims to improve efficiency and transparency in the agricultural industry.

FluroSat

Series A in 2021
FluroSat, established in 2016 and headquartered in Eveleigh, Australia, specializes in developing predictive crop health monitoring software. The company's primary product, FluroSat, is a decision support platform designed for cotton and grain growers. It employs multispectral and hyperspectral cameras on drones and satellites to diagnose crop health and identify specific stressors limiting crop performance. Additionally, FluroSat offers ProductionWise, a decision support system for commodity crops, aiming to enhance farm efficiency, sustainability, and profitability. This platform provides detailed paddock management, APSIM-powered yield predictions, satellite NDVI monitoring, and localized weather forecasts. FluroSat caters to the agronomist and farmer community.

Nowadays

Pre Seed Round in 2021
Nowadays is a company dedicated to producing affordable and scalable manufacturing solutions for whole cuts of plant-based meat. It aims to provide healthier alternatives to traditional junk food by utilizing animal-free ingredients. By focusing on creating nutritious plant-based products, Nowadays enables consumers to enjoy food options that are both healthy and free from animal products, catering to the growing demand for meat alternatives in the market.

RapidAIM

Venture Round in 2021
RapidAIM, established in 2018 and based in Highgate Hill, Australia, specializes in IoT-based pest monitoring. The company manufactures a sensor grid designed to identify and detect insect pests in real-time. This data is then analyzed and used to provide alerts and forecasts to growers and agronomists, enabling proactive pest control measures and minimizing crop damage.

Vow

Seed Round in 2021
Vow Foods is a company that specializes in producing cultivated exotic meat through lab-based methods. By utilizing animal cells rather than traditional livestock, Vow aims to create sustainable and ethical meat alternatives. The process involves harvesting animal cells via biopsy and growing them in a nutrient-rich medium, which allows for the development of a diverse range of meat products. This innovative approach not only provides consumers, restaurants, and chefs with nutritious and flavorful options but also reduces reliance on natural resources typically used in conventional meat production.

SwarmFarm Robotics

Venture Round in 2020
SwarmFarm Robotics is a manufacturing company focused on creating autonomous robotics technologies for the agriculture sector. The company designs automatic machines that aim to enhance efficiency and sustainability in farming practices. Its collision-avoiding robots serve as alternatives to traditional large tractors, specifically for mowing and slashing tasks. Additionally, these robots are equipped with precision sprayers that facilitate accurate application of treatments on turf farms and between orchard rows. This innovation addresses the ongoing issue of rural labor shortages by providing farmers with effective solutions for their agricultural needs.

Nori

Seed Round in 2020
Nori Inc. is a Seattle-based company that operates a blockchain-based marketplace focused on carbon dioxide removal. Founded in 2017, Nori's platform enables farmers to remove excess carbon dioxide from the atmosphere by facilitating third-party payments and contracts. It integrates the processes of measurement, verification, and the sale of carbon removal certificates, allowing suppliers to connect directly with buyers. This approach aims to improve efficiency and reduce costs within the voluntary carbon removal market. Additionally, Nori's blockchain application offers cryptocurrency tokens for exchanging carbon removal certificates, enhancing the transparency and security of transactions on its platform.

Goterra

Series A in 2020
Goterra specializes in innovative waste management solutions that address food waste challenges in logistics and distribution. The company develops autonomous insect farms that convert food waste into sustainable protein and fertilizer, supporting principles of environmental sustainability and the circular economy. By integrating its modular systems into existing waste management infrastructures, Goterra enhances food waste processing without disrupting current services. This approach not only provides farmers with a low-impact, organic source of nutrients but also contributes to a comprehensive solution that spans all stages of the food waste management supply chain.
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