Fresh Source Capital

Fresh Source Capital, LLC is a venture capital firm based in Cambridge, Massachusetts, established in 2013. The firm specializes in seed and growth stage investments within the sustainable food and agriculture sectors, primarily focusing on opportunities in North America. Fresh Source Capital typically engages in equity, subordinated debt, or royalty financing, with a preference for investments starting at $400,000 and often exceeding $2.5 million. The firm aims to take active roles in its portfolio companies, often seeking positions on boards or advisory boards to provide guidance and support for growth.

Dan Pullman

Co-Founder and Managing Partner

Lisa A. Sebesta

Co-Founder and Managing Partner

13 past transactions

Little Leaf Farms

Venture Round in 2020
Little Leaf Farms, LLC is a producer of greenhouse-grown lettuce and leafy greens, based in Carlisle, Massachusetts. Established in 2015, the company specializes in supplying fresh, locally grown baby greens to consumers in New England throughout the year. Its product range includes various types of lettuce such as arugula, green leaf, red leaf, and baby crispy green leaf, offered in convenient packaging like spring mixes. By harvesting its greens in Devens, Massachusetts, the company can deliver products to stores within a day, significantly reducing transit times compared to lettuce sourced from the West Coast. Little Leaf Farms is dedicated to sustainable growing practices that prioritize environmental protection while delivering high-quality, flavorful greens to local salad enthusiasts.

Artemis

Series A in 2019
Artemis operates an intelligence platform for indoor farms. It specializes in indoor farming software solutions. Artemis help indoor farm operators use data to make more profitable production decisions. It tracks and analyzes all farm data in one place, enabling growers to optimize plant performance and reduce operating expenses. Allison Kopf and Jason Camp founded Agrilyst in 2015 that later became Artemis. It has its headquarters in Brooklyn in New York City.

Ocean Approved

Venture Round in 2019
Ocean Approved, LLC is a company based in Portland, Oregon, that specializes in open-ocean kelp farming. Founded in 2006, it offers frozen kelp products as a sustainable and nutritious alternative to imported seaweed. The company's commitment to local production aligns with the growing demand for healthy, environmentally friendly food options, making its products appealing to a range of consumers and institutions. Ocean Approved aims to promote the benefits of domestically sourced kelp, contributing to both nutrition and sustainability in the seafood market.

Dahlicious

Venture Round in 2018
Dahlicious, LLC is a producer and distributor of lassi products, offering a variety of flavors including mango, banana, strawberry, and blueberry. The company markets its products through retail stores and operates an online store that also features branded apparel for men and women. Founded in 2007 and based in Tewksbury, Massachusetts, Dahlicious emphasizes high-quality, organic foods aimed at health-conscious consumers. The company is involved in yogurt manufacturing, including drinkable and plant-based options, reflecting its commitment to providing nutritious products that contribute to a healthier lifestyle.

Sfoglini

Series A in 2018
Sfoglini LLC is a Brooklyn-based manufacturer of specialty pasta, established in 2012. The company focuses on producing traditional Italian-style pasta using high-quality American organic grains, including seasonal and specialty varieties crafted from organic drum semolina and local New York state grains. Sfoglini aims to revive classic pasta-making techniques and offers its products to consumers, allowing them to enjoy authentic pasta typically served at esteemed restaurants, delivered directly to their homes.

Local Bushel

Seed Round in 2017
Local Bushel operates an online platform that facilitates the ordering and distribution of farm-fresh produce, meat, dairy, and eggs from local farms to restaurants and wholesale buyers. Founded in 2013 and headquartered in Brooklyn, New York, the company emphasizes transparency in sourcing its ingredients, which include a range of products such as beef, pork, chicken, and cheese. By connecting local farms directly with the food service industry, Local Bushel supports farm-to-table initiatives and promotes the use of fresh, locally sourced ingredients in culinary establishments.

BentoBox

Series A in 2017
BentoBox CMS Inc. develops a mobile operations platform for restaurants to automate tasks, such as updating menus and social media, promoting private events, sharing press, and selling gift cards. The company’s solution offers search engine optimization, social media and newsletter sign-up, and one-click reservations. The company was incorporated in 2013 and is based in New York, New York.

Just Add Cooking

Venture Round in 2017
Just Add Cooking Inc operates a platform that offers meal plans and recipes. It purchases, pre-measures, pack and deliver ingredients. The company was incorporated in 2015 and is based in Boston, Massachusetts.

Spoiler Alert

Seed Round in 2016
Spoiler Alert is a Boston-based supply chain software company that specializes in helping food manufacturers and grocery distributors manage excess and distressed inventory. Founded in 2015, the company has developed an inventory liquidation platform that digitizes liquidation processes for consumer packaged goods brands, facilitating connections with a network of discount retailers and nonprofit organizations. This enterprise solution enhances relationships between suppliers and customers, while improving efficiency and accuracy in surplus inventory management. By focusing on maximizing value recovery, Spoiler Alert addresses significant challenges related to food waste, resource deficiency, and hunger. The company's innovative approach combines technology such as workflow automation and traceability to support the food industry, ultimately contributing to environmental sustainability and social impact.

Imperfect Foods

Seed Round in 2016
Imperfect Foods, Inc. is an online grocery delivery service dedicated to reducing food waste and promoting a sustainable food system. Founded in 2015 and based in San Francisco, California, the company rescues and redistributes a variety of grocery items, including produce, shelf-stable goods, dairy, meat, and seafood. By focusing on excess and imperfect products, Imperfect Foods helps support farmers and producers while providing customers with healthy, seasonal food at discounted prices compared to traditional grocery stores. The company delivers a range of mixed boxes—such as fruit, veggie, regular, and organic—to homes and offices in various locations, including Oakland, Berkeley, and Alameda. Its commitment to eliminating food waste and its adaptability during the COVID-19 pandemic highlight its potential for long-term success.

Farmers To You

Convertible Note in 2014
Farmers To You, LLC is an online marketplace based in Berlin, Vermont, that connects consumers with local farmers to deliver fresh, sustainably grown food products. Founded in 2010, the company offers a wide array of items including salad greens, seasonal vegetables, fruits, dairy products, meats, artisan breads, and various specialty goods such as freshly milled flours and maple syrup. Customers can conveniently order these products online and choose between neighborhood pickup sites or home delivery. By facilitating direct access to local, small-scale, and artisanal foods, Farmers To You promotes sustainable living and fosters a partnership between families and farmers in Boston and Vermont.

Red's Best

Venture Round in 2014
Red's Best is a wholesale seafood aggregator located on Fish Pier in Boston, with operations extending to Chatham and Menemsha, Massachusetts. The company primarily serves small and mid-size fishermen by purchasing their entire catch, including both targeted species and bycatch, thus creating markets for fish that individual fishermen might not be able to sell. Red's Best employs proprietary software that streamlines procurement, compliance, and sales processes while ensuring traceability of the seafood products. This technology not only helps fishermen market their catch effectively but also allows consumers to confidently purchase fresh, locally sourced, and sustainably caught seafood.
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