Clay Capital

We have helped to germinate and grow some of the most iconic start-up companies that are revolutionising the world of food and agriculture today. Pioneers in deploying venture capital into 'New Protein', we back ambitious teams who are developing transformative solutions for a healthier, safer and more sustainable food and feed system. Our global food system is experiencing profound changes across its entire value chain. Unsustainable production methods, devastating diseases in livestock and aquaculture, antibiotic resistance, consumer demand for healthier food propositions, and a diabetes epidemic — are all challenging an industry desperately looking for ways to adapt. ​This context presents us with unrivalled opportunities for smart investing — investments that address urgent issues today, for a better tomorrow.

Gerard Chia

Partner

Marie-Anne Dupin-Vermersch

Partner

Kenneth Lee

Senior Partner

Matthieu Vermersch

Founder and Managing Partner

29 past transactions

In Ovo

Venture Round in 2021
In Ovo combines animal welfare and efficiency by offering biotechnological solutions to the poultry industry. We currently focus on a long existing problem in hatcheries: The culling of one day old male chickens. Our solution, a gender screening in the first half of the breeding process, has several advantages. It prevents a lot of stress the chickens experience during the current manual gender sorting process, it reduces the energy consumption and CO2 emission of the hatchery and prevents the need to kill one day old chickens. This way, we make hatcheries more animal friendly and sustainable, and increase the efficiency at the same time.

Aleph Farms

Series B in 2021
Aleph Farms is a food company that paves a new way forward as a leader of the global sustainable food ecosystem, working passionately to grow delicious, real beef steaks from the cells of living cows. With the goal of helping to reshape the global meat market (valued at more than US$1 trillion, and growing), Aleph Farms is one of few companies poised to emerge as a leader in this space. The company reported in May 2019, on a US$12M Series-A investment participated by strategic partners and venture capital. Aleph Farms was co-founded with The Kitchen Hub and the Technion institute of Technology, Israel.

Mushlabs

Series A in 2020
Mushlabs is a technology-driven company that produces food from edible mushroom mycelia. They fermentation platform allows us to unlock the potential of an overlooked kingdom of life - fungi - as a foodsource. Mushlabs is dedicated to building solutions that change the way they consume food, by producing food that is good to their senses, their bodies and their planet.

Aleph Farms

Series B in 2021
Aleph Farms is a food company that paves a new way forward as a leader of the global sustainable food ecosystem, working passionately to grow delicious, real beef steaks from the cells of living cows. With the goal of helping to reshape the global meat market (valued at more than US$1 trillion, and growing), Aleph Farms is one of few companies poised to emerge as a leader in this space. The company reported in May 2019, on a US$12M Series-A investment participated by strategic partners and venture capital. Aleph Farms was co-founded with The Kitchen Hub and the Technion institute of Technology, Israel.

Ynsect

Series B in 2014
SAS Ynsect operates as a biotech company. The company designs, builds, and operates insect production and processing facilities for the production of feed for fish and poultry. The company engages in bioconversion of organic resources by insects, and their processing into nutrients for feed applications such as proteins, lipids etc., and non-food applications, which includes polysaccharides and derivatives, organic fertilizers, bioenergy etc. The company was founded in 2011 and is based in Evry, France.

In Ovo

Series A in 2021
In Ovo combines animal welfare and efficiency by offering biotechnological solutions to the poultry industry. We currently focus on a long existing problem in hatcheries: The culling of one day old male chickens. Our solution, a gender screening in the first half of the breeding process, has several advantages. It prevents a lot of stress the chickens experience during the current manual gender sorting process, it reduces the energy consumption and CO2 emission of the hatchery and prevents the need to kill one day old chickens. This way, we make hatcheries more animal friendly and sustainable, and increase the efficiency at the same time.

Nuritas

Series B in 2021
Nuritas is revolutionising the discovery of novel, natural and scientifically proven active ingredients that can manage and improve human health. The company’s disruptive computational approach to discovery uses artificial intelligence and genomics to, for the first time ever, rapidly and efficiently predict and then provide access to the most health-benefiting components hidden within food, called bioactive peptides.

In Ovo

Series B in 2022
In Ovo combines animal welfare and efficiency by offering biotechnological solutions to the poultry industry. We currently focus on a long existing problem in hatcheries: The culling of one day old male chickens. Our solution, a gender screening in the first half of the breeding process, has several advantages. It prevents a lot of stress the chickens experience during the current manual gender sorting process, it reduces the energy consumption and CO2 emission of the hatchery and prevents the need to kill one day old chickens. This way, we make hatcheries more animal friendly and sustainable, and increase the efficiency at the same time.

Nuritas

Seed Round in 2015
Nuritas is revolutionising the discovery of novel, natural and scientifically proven active ingredients that can manage and improve human health. The company’s disruptive computational approach to discovery uses artificial intelligence and genomics to, for the first time ever, rapidly and efficiently predict and then provide access to the most health-benefiting components hidden within food, called bioactive peptides.

Nutrition Innovation

Series A in 2019
Nutrition Innovation is a food and technology company striving to make the world a healthier place through sugar reduction, replacement and innovation. Our technology empowers global sugar companies to produce Nucane™, a range of healthier, naturally low glycemic sugars designed for both sugar replacement and even sugar reduction by up to 70%. These technologies can be licensed by the global industry to be rapidly and efficiently produced at scale for all major food and beverage brands.

ViAqua Therapeutics

Venture Round in 2018
ViAqua Therapeutics Ltd develops drugs and therapeutics for aquaculture. The company was founded in 2014 and is based in Israel.ViAqua Therapeutics is developing the first orally administered treatment for aquaculture.The Company’s management bring a broad range of business development, technology development, management, and industrial biotech experience.

Ynsect

Series C in 2019
SAS Ynsect operates as a biotech company. The company designs, builds, and operates insect production and processing facilities for the production of feed for fish and poultry. The company engages in bioconversion of organic resources by insects, and their processing into nutrients for feed applications such as proteins, lipids etc., and non-food applications, which includes polysaccharides and derivatives, organic fertilizers, bioenergy etc. The company was founded in 2011 and is based in Evry, France.

Mushlabs

Series A in 2020
Mushlabs is a technology-driven company that produces food from edible mushroom mycelia. They fermentation platform allows us to unlock the potential of an overlooked kingdom of life - fungi - as a foodsource. Mushlabs is dedicated to building solutions that change the way they consume food, by producing food that is good to their senses, their bodies and their planet.

Cook-e

Venture Round in 2023
Cook-e's robotic kitchen automatically prepares warm dishes such as bowls, pastas, woks, from fresh ingredients. Recipes can be entered in the software controlling the robot. The robot can cook up to 100 dishes/hour.

SwissDeCode

Series A in 2021
SwissDeCode helps food manufacturers to grow and produce food that is safe to eat by offering a rapid onsite DNA test. SwissDeCode provides factories and production line with plug and play solutions that deliver food safety and quality certificates in the same workshift, to transform contamination threats into sustainable opportunities. SwissDeCodew was founded on 2016 and is headquartered in Renens, Switzerland.

Aleph Farms

Series B in 2021
Aleph Farms is a food company that paves a new way forward as a leader of the global sustainable food ecosystem, working passionately to grow delicious, real beef steaks from the cells of living cows. With the goal of helping to reshape the global meat market (valued at more than US$1 trillion, and growing), Aleph Farms is one of few companies poised to emerge as a leader in this space. The company reported in May 2019, on a US$12M Series-A investment participated by strategic partners and venture capital. Aleph Farms was co-founded with The Kitchen Hub and the Technion institute of Technology, Israel.

SwissDeCode

Venture Round in 2021
SwissDeCode helps food manufacturers to grow and produce food that is safe to eat by offering a rapid onsite DNA test. SwissDeCode provides factories and production line with plug and play solutions that deliver food safety and quality certificates in the same workshift, to transform contamination threats into sustainable opportunities. SwissDeCodew was founded on 2016 and is headquartered in Renens, Switzerland.

Mitte

Convertible Note in 2019
Mitte is a provider of smart water system that unites water purification with enhancement, giving you personalized and healthy water right in your home. Founded in 2015, the company is headquartered in Berlin, Germany.

Aleph Farms

Series A in 2019
Aleph Farms is a food company that paves a new way forward as a leader of the global sustainable food ecosystem, working passionately to grow delicious, real beef steaks from the cells of living cows. With the goal of helping to reshape the global meat market (valued at more than US$1 trillion, and growing), Aleph Farms is one of few companies poised to emerge as a leader in this space. The company reported in May 2019, on a US$12M Series-A investment participated by strategic partners and venture capital. Aleph Farms was co-founded with The Kitchen Hub and the Technion institute of Technology, Israel.

Mitte

Seed Round in 2018
Mitte is a provider of smart water system that unites water purification with enhancement, giving you personalized and healthy water right in your home. Founded in 2015, the company is headquartered in Berlin, Germany.

Collectiv Food

Series A in 2021
Our vision is to lead the transition to a fair, transparent and sustainable food supply chain, meeting the demands of the cities of tomorrow. The current food supply chain is broken, opaque and was designed in a pre-internet world. We are building a streamlined and automated food supply chain to support forward-looking food businesses. We provide an automated, sustainable and customer-centric food supply and delivery service.

ViAqua Therapeutics

Venture Round in 2021
ViAqua Therapeutics Ltd develops drugs and therapeutics for aquaculture. The company was founded in 2014 and is based in Israel.ViAqua Therapeutics is developing the first orally administered treatment for aquaculture.The Company’s management bring a broad range of business development, technology development, management, and industrial biotech experience.

In Ovo

Series A in 2018
In Ovo combines animal welfare and efficiency by offering biotechnological solutions to the poultry industry. We currently focus on a long existing problem in hatcheries: The culling of one day old male chickens. Our solution, a gender screening in the first half of the breeding process, has several advantages. It prevents a lot of stress the chickens experience during the current manual gender sorting process, it reduces the energy consumption and CO2 emission of the hatchery and prevents the need to kill one day old chickens. This way, we make hatcheries more animal friendly and sustainable, and increase the efficiency at the same time.

Nutrition Innovation

Seed Round in 2019
Nutrition Innovation is a food and technology company striving to make the world a healthier place through sugar reduction, replacement and innovation. Our technology empowers global sugar companies to produce Nucane™, a range of healthier, naturally low glycemic sugars designed for both sugar replacement and even sugar reduction by up to 70%. These technologies can be licensed by the global industry to be rapidly and efficiently produced at scale for all major food and beverage brands.

Aleph Farms

Series A in 2019
Aleph Farms is a food company that paves a new way forward as a leader of the global sustainable food ecosystem, working passionately to grow delicious, real beef steaks from the cells of living cows. With the goal of helping to reshape the global meat market (valued at more than US$1 trillion, and growing), Aleph Farms is one of few companies poised to emerge as a leader in this space. The company reported in May 2019, on a US$12M Series-A investment participated by strategic partners and venture capital. Aleph Farms was co-founded with The Kitchen Hub and the Technion institute of Technology, Israel.

Ynsect

Series B in 2016
SAS Ynsect operates as a biotech company. The company designs, builds, and operates insect production and processing facilities for the production of feed for fish and poultry. The company engages in bioconversion of organic resources by insects, and their processing into nutrients for feed applications such as proteins, lipids etc., and non-food applications, which includes polysaccharides and derivatives, organic fertilizers, bioenergy etc. The company was founded in 2011 and is based in Evry, France.

WeedOut

Series A in 2024
WeedOut is a biotechnology company focusing on providing weed control solutions. The company’s goal is to reduce the need for toxic herbicides and higher herbicide doses.

TOOPI Organics

Series A in 2023
Toopi Organics SAS manufactures human urine based biostimulants for agriculture. Its products are Arbop and Vitip used for the growth of plants. Toopi Organics SAS was incorporated in 2019 and is based in Langon, France.

Mushlabs

Series B in 2024
Mushlabs is a technology-driven company that produces food from edible mushroom mycelia. They fermentation platform allows us to unlock the potential of an overlooked kingdom of life - fungi - as a foodsource. Mushlabs is dedicated to building solutions that change the way they consume food, by producing food that is good to their senses, their bodies and their planet.