Fresh Source Capital

Fresh Source Capital, LLC is a venture capital firm based in Cambridge, Massachusetts, that focuses on seed and growth stage investments in the sustainable food and agriculture sectors. Established in 2013, the firm primarily invests in companies located in North America. Fresh Source Capital utilizes various investment structures, including equity, subordinated debt, and royalty financing, to support its portfolio companies. The firm also actively engages with its investments by seeking positions on boards or as advisory board members to guide the growth of the businesses in which it invests.

Dan Pullman

Founder and Managing Partner

Lisa Sebesta

Co-Founder and Managing Partner

14 past transactions

Atlantic Sea Farms

Series A in 2021
Atlantic Sea Farms specializes in the production of fresh, sustainably farmed kelp, offering a healthy and domestic alternative to imported seaweed. The company focuses on creating innovative and appealing food products made from its seaweeds, which are never dried or dyed. Their kelp is used in a variety of culinary applications, ranging from appetizers to desserts, and is designed to be ready to serve straight out of the package. By providing fresh frozen kelp products to consumers, restaurants, and food service organizations, Atlantic Sea Farms aims to positively impact both public health and the marine ecosystem while supporting local fishing communities in Maine.

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 develops a cultivation management platform designed for enterprise greenhouses, indoor farms, and high tunnel farms. This software enables growers to efficiently manage people, plants, processes, and compliance by providing a comprehensive view of facility productivity. Users can track operations and production data remotely through desktops, tablets, or smartphones. The platform allows owners and managers to oversee workflows, register crop batches, address food safety issues, manage personnel, and gain insights to enhance crop productivity. Founded in 2015 and originally named Agrilyst, the company rebranded to Artemis in May 2019 and is headquartered in Brooklyn, New York.

Ocean Approved

Venture Round in 2019
Ocean Approved, LLC is based in Portland, Oregon, and specializes in open-ocean kelp farming. Founded in 2006, the company offers frozen kelp products as a sustainable and healthy alternative to imported seaweed. Ocean Approved's focus on providing domestic, fresh, and nutritious options aligns with the increasing demand for locally sourced and environmentally friendly food products. The company's commitment to sustainability and nutrition positions it well within the growing market for healthy food alternatives.

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 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 operates an online platform that connects local farms with restaurants and other wholesale buyers, facilitating the delivery of high-quality produce, meat, dairy, and eggs. Founded in 2013 and based in Brooklyn, New York, the company focuses on providing sustainably sourced food that rivals the quality typically found in farmer's markets. By prioritizing transparency in food distribution, Local Bushel aims to transform the market by offering a convenient alternative to traditional food distributors. The platform ensures that users can access fresh ingredients directly from local farms, enhancing the supply chain for restaurants and promoting sustainable agricultural practices.

BentoBox

Series A in 2017
BentoBox CMS Inc. is a New York-based company that has developed a mobile operations platform aimed at enhancing the efficiency of restaurants. Founded in 2013, BentoBox provides tools to automate various tasks, including menu updates, social media management, event promotion, and gift card sales. Its platform also features functionalities such as search engine optimization, newsletter sign-up, and one-click reservations, all designed to facilitate direct interactions between restaurants and their customers. By enabling restaurants to manage their online presence and revenue streams more effectively, BentoBox disrupts traditional third-party services, allowing dining establishments to prioritize their relationship with guests and drive higher profit margins through their own websites.

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 service based in Boston, Massachusetts, founded in 2015. The company specializes in providing families in the greater Boston area with meal kits that include easy-to-follow recipes and fresh, locally sourced ingredients. Just Add Cooking pre-measures, packs, and delivers these ingredients to customers on the same day they are prepared, ensuring freshness and convenience. The service aims to promote healthy home cooking by offering a variety of meal options made from sustainable ingredients, allowing customers to explore new culinary experiences while minimizing waste through lightweight packaging.

Spoiler Alert

Seed Round in 2016
Spoiler Alert is a Boston-based software company that specializes in helping perishable consumer packaged goods (CPG) brands manage excess and slow-moving inventory. The company focuses on the manufacturing and distribution levels, providing a B2B sales platform that streamlines the liquidation processes for food and beverage brands. This platform facilitates transactions across a private network of discount retailers and nonprofit organizations, with the aims of maximizing value recovery and enhancing customer relationships. By digitizing traditionally manual sales processes, Spoiler Alert improves the efficiency of sales and supply chain managers. Founded by MIT alumni, the company collaborates with major brands such as Campbell's, Danone, and Kraft Heinz, while also supporting a growing network of discount channels dedicated to increasing food access and minimizing waste.

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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