Fresh Source Capital

Fresh Source Capital, established in 2013 and based in Cambridge, Massachusetts, is a venture capital firm specializing in seed and growth stage investments. The company focuses on the sustainable food and agriculture sectors within North America, typically investing a minimum of USD 400 thousand to USD 2.5 million. Fresh Source Capital prefers equity, subordinated debt, or royalty financing, and often seeks board or advisory board positions.

Dan Pullman

Co-Founder and Managing Partner

Lisa Sebesta

Co-Founder and Managing Partner

14 past transactions

Atlantic Sea Farms

Series A in 2021
Atlantic Sea Farms is a producer of fresh, sustainably farmed kelp, offering a domestic alternative to imported seaweed products. The company focuses on creating innovative and appealing food items made from kelp, which can be used in a variety of dishes, from appetizers to desserts. Their products are designed to be mild in flavor and are ready to serve straight from the package, catering to consumers and wholesale clients, including restaurants and food service organizations. By prioritizing the health of both customers and the oceans, Atlantic Sea Farms aims to positively impact Maine's fishing communities while promoting the benefits of sea greens in the culinary landscape.

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. Incorporated in 2015, the company specializes in providing fresh, locally grown baby greens to consumers in New England throughout the year. Its product offerings include a variety of greens such as arugula, green leaf, red leaf, and baby crispy green leaf, available in convenient mixes like spring mix and red and green leaf. By operating a greenhouse in Devens, Massachusetts, Little Leaf Farms ensures that its products can be delivered to stores within a day of harvest, significantly reducing the transportation time compared to lettuce sourced from the West Coast. The company emphasizes sustainable growing practices aimed at minimizing environmental impact while delivering high-quality produce to local salad enthusiasts.

Artemis

Series A in 2019
Artemis is a technology company that develops a cultivation management platform designed for enterprise greenhouses, indoor farms, and high tunnel farms. The platform enables growers to efficiently manage their operations by providing tools for tracking productivity, compliance, and data insights. Users can monitor their facilities remotely through desktops, tablets, or smartphones, facilitating workflow management, crop batch registration, and food safety tracing. Founded in 2015 and headquartered in Brooklyn, New York, Artemis aims to empower indoor farm operators to make data-driven decisions that enhance plant performance and reduce operating costs. The company was previously known as Agrilyst Inc. before rebranding in May 2019.

Ocean Approved

Venture Round in 2019
Ocean Approved, LLC is a company based in Portland, Oregon, specializing in the operation of open-ocean kelp farms. Founded in 2006, it offers frozen kelp products and serves as a domestic provider of fresh and healthy alternatives to imported seaweed. The company focuses on sustainability and nutrition, delivering locally produced kelp products that meet the growing demand for environmentally friendly food sources. Ocean Approved aims to support healthier eating habits while promoting sustainable aquaculture practices.

Dahlicious

Venture Round in 2018
Dahlicious, LLC is a manufacturer and distributor of lassi products, offering a range of flavors including mango, banana, strawberry, and blueberry. The company focuses on producing high-quality, organic foods that cater to health-conscious consumers. In addition to its lassi products, Dahlicious operates an online store that sells T-shirts for both men and women. Founded in 2007 and based in Tewksbury, Massachusetts, Dahlicious emphasizes clean and wholesome nutrition, aiming to contribute to a healthier and happier world through its offerings.

Sfoglini Pasta

Series A in 2018
Sfoglini LLC, founded in 2012 and based in Brooklyn, New York, specializes in the production of innovative specialty pasta. The company sources high-quality American organic semolina flour and unique ingredients from local farms and green markets to create its products. Sfoglini emphasizes traditional pasta-making techniques, utilizing bronze dies to achieve a rough texture that enhances sauce adherence, and employs a slow-drying process at low temperatures to preserve flavor and nutrients. By offering seasonal and specialty pasta alongside organic New York state grains, Sfoglini aims to provide consumers with authentic Italian-style pasta that can be conveniently delivered to their homes.

Local Bushel

Seed Round in 2017
Local Bushel, Co. is an e-commerce platform based in Brooklyn, New York, that connects local farms with restaurants and other wholesale buyers. Incorporated in 2013, the company specializes in delivering a variety of high-quality food products, including produce, meat, dairy, and eggs, sourced from nearby sustainable farms. By offering farm-fresh ingredients, Local Bushel aims to compete with traditional food distributors by providing better pricing and convenience while ensuring transparency and sustainability in food sourcing. The platform is designed to enhance the food distribution sector, promoting a standard of quality akin to that found at farmer's markets.

BentoBox

Series A in 2017
BentoBox CMS Inc. is a New York-based company that specializes in developing a mobile operations platform tailored for restaurants. Founded in August 2013 by Krystle Mobayeni and Pierre Drescher, BentoBox automates various tasks for restaurants, including menu updates, social media management, private event promotions, and gift card sales. Its platform enhances the restaurant's online presence by offering features such as search engine optimization, social media and newsletter sign-up, and one-click reservations. By focusing on direct interactions between restaurants and their guests, BentoBox aims to eliminate reliance on third-party services, thereby allowing restaurants to drive high-margin revenue through their own websites. The company's tools are designed to improve operational efficiency while empowering restaurants to strengthen their customer relationships and maximize profits.

Hudson Harvest

Venture Round in 2017
Hudson Harvest serves as a vital food hub in the Hudson Valley of New York, connecting local farmers with regional buyers. The company aggregates a diverse range of high-quality products, including fresh and frozen produce, pasture-raised meats, eggs, local dairy, and pantry staples, all marketed under the Hudson Valley Harvest brand. By ensuring traceability back to individual farms, Hudson Harvest meets the growing demand for locally sourced products, particularly among institutional buyers with local procurement goals. In addition to providing essential sales outlets for local farmers, the company plays a significant role in rebuilding the food system in the Northeast, fostering a stronger local food community and promoting sustainability.

Just Add Cooking

Venture Round in 2017
Just Add Cooking Inc is a meal kit provider based in Boston, Massachusetts, established in 2015. The company specializes in delivering meal plans that feature easy-to-follow recipes and fresh, locally sourced ingredients, allowing families in the Greater Boston area to prepare healthy meals at home. Just Add Cooking pre-measures and packages the ingredients, ensuring they are delivered on the same day they are packed, using lightweight packaging to minimize waste. By focusing on sustainable sourcing, the company enables customers to explore new culinary options while enjoying the convenience of a pre-packed meal service tailored to individual preferences.

Spoiler Alert

Seed Round in 2016
Spoiler Alert is a Boston-based software company that provides an inventory liquidation platform specifically designed for perishable consumer packaged goods (CPG) brands. The company operates primarily at the manufacturing plant or distribution center level, enabling food and beverage brands to effectively manage their excess and slow-moving inventory. Spoiler Alert's platform allows these brands to digitize their liquidation processes within a private network of discount retailers and nonprofit organizations. By focusing on maximizing value recovery and enhancing customer relationships, the company aims to streamline the typically manual sales processes faced by supply chain managers. Founded by MIT alumni, Spoiler Alert collaborates with prominent brands, including Campbell's, Danone, HelloFresh, and Kraft Heinz, while also working to support a network of discount channels dedicated to improving food access and reducing food waste.

Imperfect Foods

Seed Round in 2016
Imperfect Foods, Inc. is an online grocery delivery service based in San Francisco, California, founded in 2015. The company specializes in rescuing and redistributing food across various categories, including produce, shelf-stable goods, dairy, meat, and seafood, with a strong emphasis on reducing food waste and supporting farmers. By offering fruits, vegetables, and mixed grocery boxes, Imperfect Foods aims to provide consumers with healthy, seasonal food products at discounted prices compared to traditional grocery stores. The company operates in several areas, including Oakland, Berkeley, and Concord, delivering directly to homes and offices. Its mission-driven approach highlights its commitment to sustainability in the food system, positioning it for long-term success in the evolving grocery market.

Farmers To You

Convertible Note in 2014
Farmers To You, LLC is a food distribution company based in Berlin, Vermont, that connects consumers with locally sourced, sustainably grown products. Founded in 2010, it operates an online marketplace that allows customers in Boston and Vermont to conveniently order a variety of items, including salad greens, seasonal fruits and vegetables, dairy products, meats, artisan breads, and other specialty foods. The company emphasizes a farm-to-table approach, delivering fresh ingredients directly from local farms to households, either through neighborhood pickup sites or home delivery. By fostering partnerships between families and farmers, Farmers To You promotes sustainable living and supports small-scale agriculture.

Red's Best

Venture Round in 2014
Red's Best is a wholesale seafood aggregator based in Boston, with additional operations in Chatham and Menemsha, Massachusetts. The company specializes in serving small and mid-size fishermen, utilizing proprietary software to streamline procurement, compliance, sales processes, and product traceability. Red’s Best purchases the entire catch from fishermen, including both targeted species and bycatch, thereby creating markets for fish that small boat fishermen might otherwise struggle to sell. This approach not only supports local fishermen but also ensures consumers can confidently purchase fresh, locally caught seafood that has been sustainably sourced.
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