S2G Ventures

S2G Ventures is a venture capital firm based in Chicago, established in 2014, that focuses on investing in the food and agriculture sectors. The firm aims to support entrepreneurs whose products and services address the growing consumer demand for healthy, sustainable, and locally sourced food. S2G Ventures identifies key areas within the food system that are poised for innovation and change, creating a diverse portfolio that includes seed, venture, and growth-stage investments. Its investment interests span various domains, including agriculture, ingredients, infrastructure and logistics, food safety and technology, retail and restaurants, and consumer brands.

Kate Danaher

Managing Director

Priyanka Duvvuru

Vice President

Sanjeev Krishnan

Founder, Managing Director and CIO

Larsen Mettler

Managing Director

Francis O'Sullivan

Managing Director, Clean Energy

Cristina Rohr

Managing Director, Food and Agriculture

Aaron Rudberg

COO and Senior Managing Director

Chuck Templeton

Managing Partner

Matthew Walker

Managing Director

Andrea Woodside

Principal, Special Opportunities

Past deals in Beverages

UCAN

Series A in 2022
The UCAN Company specializes in the development and manufacturing of nutrition products aimed at stabilizing blood sugar levels, catering to children, athletes, and fitness enthusiasts. Its flagship product, UCAN SuperStarch, is a natural, slow-releasing carbohydrate designed to provide steady energy for both physical and cognitive performance. The product line includes various flavors of UCAN sports nutrition, protein powder, snack bars, and hydration options. Additionally, the company offers recipes and sells related accessories like blenders and water bottles. UCAN markets its products through retail stores and an online platform, striving to redefine consumer and sports nutrition with safe, natural, and effective solutions. Founded in 2005 and based in Woodbridge, Connecticut, the UCAN Company emphasizes scientific backing in its product offerings to inspire health-conscious consumers to reach their full potential.

Shiru

Series A in 2022
Shiru, Inc., a food technology company, develops and produces proteins. The company focuses on producing edible proteins to replace dairy products and eggs in the food industry. Shiru, Inc. was incorporated in 2019 and is based in Oakland, California.

Atomo

Series A in 2022
Atomo Coffee Inc, founded in 2019 and based in Seattle, Washington, specializes in the production of molecular coffee. The company has innovatively reverse-engineered the coffee bean to create a smooth, flavorful cup of coffee using naturally derived ingredients. This approach not only enhances the taste but also promotes sustainability compared to traditional coffee production methods.

Once Upon a Farm

Series D in 2022
Once Upon a Farm Kiddo Meals are processed using High Pressure Processing, which uses pressure instead of heat to kill off any potential harmful ingredients. This process also allows for a more nutrient dense food. Further, the brands that are currently on the shelves usually contain a large percentage of water, fillers, sugars and preservatives, which take away from the natural state of the food. This in turn takes away from optimal nutrition for babies, since optimal absorption of nutrients occurs when food is in its most natural state.

New Culture

Series A in 2021
New Culture Inc. is a food and beverage company that specializes in producing cheese from protein using innovative methods. By employing microflora to create dairy proteins and dairy products, the company aims to revolutionize traditional cheese-making processes. Founded in 2018 and headquartered in San Francisco, California, New Culture is committed to developing sustainable and alternative cheese options that appeal to a growing market of health-conscious and environmentally aware consumers.

Shiru

Series A in 2021
Shiru, Inc., a food technology company, develops and produces proteins. The company focuses on producing edible proteins to replace dairy products and eggs in the food industry. Shiru, Inc. was incorporated in 2019 and is based in Oakland, California.

Ripple Foods

Series E in 2021
Ripple Foods specializes in producing high-quality, dairy-free milk alternatives that prioritize nutrition and taste. Their products are designed to be high in protein, offering eight times the protein found in almond milk while containing half the sugar of traditional dairy milk. Additionally, Ripple's beverages are rich in bioavailable calcium, providing 50% more than regular milk, and are a good source of potassium and omega-3 fatty acids. With a focus on delivering a creamy texture that enhances the drinking experience, Ripple aims to provide a satisfying alternative for those seeking non-dairy options without sacrificing flavor or nutritional value.

Ripple Foods

Series E in 2021
Ripple Foods specializes in producing high-quality, dairy-free milk alternatives that prioritize nutrition and taste. Their products are designed to be high in protein, offering eight times the protein found in almond milk while containing half the sugar of traditional dairy milk. Additionally, Ripple's beverages are rich in bioavailable calcium, providing 50% more than regular milk, and are a good source of potassium and omega-3 fatty acids. With a focus on delivering a creamy texture that enhances the drinking experience, Ripple aims to provide a satisfying alternative for those seeking non-dairy options without sacrificing flavor or nutritional value.

Once Upon a Farm

Series C in 2021
Once Upon a Farm Kiddo Meals are processed using High Pressure Processing, which uses pressure instead of heat to kill off any potential harmful ingredients. This process also allows for a more nutrient dense food. Further, the brands that are currently on the shelves usually contain a large percentage of water, fillers, sugars and preservatives, which take away from the natural state of the food. This in turn takes away from optimal nutrition for babies, since optimal absorption of nutrients occurs when food is in its most natural state.

Atomo

Seed Round in 2020
Atomo Coffee Inc, founded in 2019 and based in Seattle, Washington, specializes in the production of molecular coffee. The company has innovatively reverse-engineered the coffee bean to create a smooth, flavorful cup of coffee using naturally derived ingredients. This approach not only enhances the taste but also promotes sustainability compared to traditional coffee production methods.

Once Upon a Farm

Convertible Note in 2020
Once Upon a Farm Kiddo Meals are processed using High Pressure Processing, which uses pressure instead of heat to kill off any potential harmful ingredients. This process also allows for a more nutrient dense food. Further, the brands that are currently on the shelves usually contain a large percentage of water, fillers, sugars and preservatives, which take away from the natural state of the food. This in turn takes away from optimal nutrition for babies, since optimal absorption of nutrients occurs when food is in its most natural state.

Shiru

Seed Round in 2019
Shiru, Inc., a food technology company, develops and produces proteins. The company focuses on producing edible proteins to replace dairy products and eggs in the food industry. Shiru, Inc. was incorporated in 2019 and is based in Oakland, California.

Kuli Kuli

Series B in 2019
Kuli Kuli, Inc. is a producer of nutritional moringa products based in Oakland, California. Founded in 2011 by Anne Tsuei, Jordan Moncharmont, Lisa Curtis, and Valerie Popelka, the company offers a range of products, including moringa bars, moringa powders, green energy shots, herbal teas, and sampler packs. Kuli Kuli markets its products through both retail stores and online channels, aiming to provide health-conscious consumers with the benefits of moringa, a nutrient-rich superfood.

Once Upon a Farm

Series B in 2018
Once Upon a Farm Kiddo Meals are processed using High Pressure Processing, which uses pressure instead of heat to kill off any potential harmful ingredients. This process also allows for a more nutrient dense food. Further, the brands that are currently on the shelves usually contain a large percentage of water, fillers, sugars and preservatives, which take away from the natural state of the food. This in turn takes away from optimal nutrition for babies, since optimal absorption of nutrients occurs when food is in its most natural state.

UCAN

Series D in 2018
The UCAN Company specializes in the development and manufacturing of nutrition products aimed at stabilizing blood sugar levels, catering to children, athletes, and fitness enthusiasts. Its flagship product, UCAN SuperStarch, is a natural, slow-releasing carbohydrate designed to provide steady energy for both physical and cognitive performance. The product line includes various flavors of UCAN sports nutrition, protein powder, snack bars, and hydration options. Additionally, the company offers recipes and sells related accessories like blenders and water bottles. UCAN markets its products through retail stores and an online platform, striving to redefine consumer and sports nutrition with safe, natural, and effective solutions. Founded in 2005 and based in Woodbridge, Connecticut, the UCAN Company emphasizes scientific backing in its product offerings to inspire health-conscious consumers to reach their full potential.

Ripple Foods

Series C in 2018
Ripple Foods specializes in producing high-quality, dairy-free milk alternatives that prioritize nutrition and taste. Their products are designed to be high in protein, offering eight times the protein found in almond milk while containing half the sugar of traditional dairy milk. Additionally, Ripple's beverages are rich in bioavailable calcium, providing 50% more than regular milk, and are a good source of potassium and omega-3 fatty acids. With a focus on delivering a creamy texture that enhances the drinking experience, Ripple aims to provide a satisfying alternative for those seeking non-dairy options without sacrificing flavor or nutritional value.

Kuli Kuli

Series A in 2017
Kuli Kuli, Inc. is a producer of nutritional moringa products based in Oakland, California. Founded in 2011 by Anne Tsuei, Jordan Moncharmont, Lisa Curtis, and Valerie Popelka, the company offers a range of products, including moringa bars, moringa powders, green energy shots, herbal teas, and sampler packs. Kuli Kuli markets its products through both retail stores and online channels, aiming to provide health-conscious consumers with the benefits of moringa, a nutrient-rich superfood.

Blue Prairie

Series A in 2016
Blue Prairie Brands LLC, based in Charlottesville, Virginia, specializes in the manufacture of inulin, a prebiotic ingredient known for its health benefits. The company produces soluble, indigestible fibers that enhance the nutritional content of various food products, beverages, and dietary supplements. Their flagship product is a gluten-free, non-GMO form of inulin, which supports digestive health when combined with probiotics. Additionally, Blue Prairie's innovative approach to production offers farmers a profitable rotation crop that aligns with their existing agricultural practices. By focusing on functional foods and dietary fiber, Blue Prairie Brands aims to improve the nutritional value of products in the market while promoting a healthy gut environment.

Ripple Foods

Series B in 2016
Ripple Foods specializes in producing high-quality, dairy-free milk alternatives that prioritize nutrition and taste. Their products are designed to be high in protein, offering eight times the protein found in almond milk while containing half the sugar of traditional dairy milk. Additionally, Ripple's beverages are rich in bioavailable calcium, providing 50% more than regular milk, and are a good source of potassium and omega-3 fatty acids. With a focus on delivering a creamy texture that enhances the drinking experience, Ripple aims to provide a satisfying alternative for those seeking non-dairy options without sacrificing flavor or nutritional value.

Beyond Meat

Series E in 2015
Beyond Meat, Inc. is a food company that specializes in the production and sale of plant-based meat alternatives, providing consumers with options that mimic the taste and texture of traditional animal-based products. Founded in 2009 and headquartered in El Segundo, California, the company offers a diverse range of products, including burgers, sausages, ground beef, jerky, meatballs, and chicken. Beyond Meat's offerings are designed to address key global challenges such as human health, climate change, resource constraints, and animal welfare. The products are made using simple, non-GMO ingredients and provide comparable or superior protein levels to animal meat, while being free from cholesterol, antibiotics, and hormones. The company distributes its products through various channels, including grocery stores, mass merchandisers, restaurants, and foodservice outlets, both domestically and internationally. Beyond Meat was previously known as Savage River, Inc. before rebranding in September 2018.

Beyond Meat

Series D in 2014
Beyond Meat, Inc. is a food company that specializes in the production and sale of plant-based meat alternatives, providing consumers with options that mimic the taste and texture of traditional animal-based products. Founded in 2009 and headquartered in El Segundo, California, the company offers a diverse range of products, including burgers, sausages, ground beef, jerky, meatballs, and chicken. Beyond Meat's offerings are designed to address key global challenges such as human health, climate change, resource constraints, and animal welfare. The products are made using simple, non-GMO ingredients and provide comparable or superior protein levels to animal meat, while being free from cholesterol, antibiotics, and hormones. The company distributes its products through various channels, including grocery stores, mass merchandisers, restaurants, and foodservice outlets, both domestically and internationally. Beyond Meat was previously known as Savage River, Inc. before rebranding in September 2018.
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