Tenacious Ventures

Tenacious Ventures is a venture capital investment firm based in Melbourne, Australia, founded in 2019. The firm focuses on supporting early-stage innovators in the agri-food sector, investing in companies that are developing solutions within food and agriculture. By targeting the agri-food technology market, Tenacious Ventures aims to foster innovation and growth in this critical industry, contributing to advancements that can enhance food production and sustainability.

Sarah Nolet

Co-Founder and Managing Partner

18 past transactions

Earthodic

Seed Round in 2024
Earthodic is an Australian materials science company that specializes in the development of bio-based coatings aimed at minimizing reliance on non-renewable resources. The company's flagship product is a biobased, water-resistant coating designed for use on pulped or paper products. This innovative coating can be applied by manufacturers and converters to enhance various applications, including packaging, agricultural materials, and construction products. By offering a sustainable alternative to traditional plastic coatings, Earthodic supports industries in transitioning towards more environmentally friendly practices.

Jupiter Ionics

Series A in 2024
Jupiter Ionics is a company focused on the development of advanced technologies for the carbon-neutral production of green ammonia. The firm utilizes an electrolytic cell to convert air, water, and solar energy into ammonia, making its process compatible with renewable power sources. This modular and scalable technology allows industrial units to efficiently access green ammonia, supporting sustainable practices in various sectors. The team comprises dedicated scientists and engineers who are committed to advancing these innovative solutions for a more environmentally friendly future.

Goterra

Series B in 2023
Goterra is a company that specializes in developing autonomous waste management systems to address food waste challenges in logistics and distribution. It utilizes modular insect farms that convert food waste into sustainable protein and fertilizer, promoting a circular economy. Goterra’s innovative technology integrates seamlessly into existing waste management infrastructures, ensuring that services remain uninterrupted. The company's solutions adhere to Environmental, Social, and Governance (ESG) principles, providing farmers with low-impact, organic food sources that help restore nutrients to the food chain. By tackling food waste at various stages of the supply chain, Goterra positions itself as a comprehensive and effective tool for sustainable waste management.

Azaneo

Pre Seed Round in 2023
Azaneo specializes in innovative agricultural technology focused on electric weeding solutions. The company has developed a device that utilizes advanced microwave technology to effectively manage pesticide-resistant weeds, offering a sustainable alternative to traditional herbicide use. By employing only electrical energy, Azaneo's technology not only reduces the reliance on chemicals but also aids in preventing yield losses caused by diseases associated with weed growth. This approach allows farmers to achieve efficient weed control without being dependent on favorable weather conditions, ultimately providing an economical and environmentally friendly method for maintaining crop health and supporting sustainable food production.

Earthodic

Pre Seed Round in 2023
Earthodic is an Australian materials science company that specializes in the development of bio-based coatings aimed at minimizing reliance on non-renewable resources. The company's flagship product is a biobased, water-resistant coating designed for use on pulped or paper products. This innovative coating can be applied by manufacturers and converters to enhance various applications, including packaging, agricultural materials, and construction products. By offering a sustainable alternative to traditional plastic coatings, Earthodic supports industries in transitioning towards more environmentally friendly practices.

SwarmFarm Robotics

Series A in 2023
SwarmFarm Robotics is a manufacturing company focused on developing autonomous robotics technologies for the agriculture sector. The company designs automatic machines and tools that enhance efficiency and sustainability in farming practices. Its collision-avoiding robots serve as alternatives to traditional large tractors, specifically for mowing and slashing applications. Additionally, these robots are equipped with advanced sprayers that allow for precise crop spraying on turf farms and between orchard rows. By providing these innovative solutions, SwarmFarm Robotics addresses the challenges posed by rural labor shortages and aims to improve overall agricultural productivity.

Vow

Series A in 2022
Vow Foods is a company that specializes in producing cultivated exotic meat through lab-based methods. By utilizing animal cells rather than traditional livestock, Vow aims to create sustainable and ethical meat alternatives. The process involves harvesting animal cells via biopsy and growing them in a nutrient-rich medium, which allows for the development of a diverse range of meat products. This innovative approach not only provides consumers, restaurants, and chefs with nutritious and flavorful options but also reduces reliance on natural resources typically used in conventional meat production.

Nowadays

Seed Round in 2022
Nowadays is a producer of plant-based meat that aims to create affordable and scalable manufacturing solutions for whole cuts of plant-based products. The company specializes in developing healthier alternatives to traditional junk food, utilizing animal-free ingredients to cater to consumers seeking nutritious and sustainable options. By prioritizing health and sustainability, Nowadays strives to provide innovative meat alternatives that meet the growing demand for plant-based diets.

Cecil

Pre Seed Round in 2022
Cecil is a company focused on promoting transparency and integrity in data to facilitate global investments in nature. It has developed a nature-based platform that connects project developers, investors, and landholders, fostering collaboration to restore land ecosystems. This platform aims to enhance ecosystems, preserve biodiversity, and support the transition to net-zero emissions. By enabling users to operate, track, and report on nature-based projects, Cecil drives better outcomes for all stakeholders involved in environmental initiatives.

Jupiter Ionics

Seed Round in 2021
Jupiter Ionics is a company focused on the development of advanced technologies for the carbon-neutral production of green ammonia. The firm utilizes an electrolytic cell to convert air, water, and solar energy into ammonia, making its process compatible with renewable power sources. This modular and scalable technology allows industrial units to efficiently access green ammonia, supporting sustainable practices in various sectors. The team comprises dedicated scientists and engineers who are committed to advancing these innovative solutions for a more environmentally friendly future.

Geora

Seed Round in 2021
Geora is an innovative company focused on enhancing the agricultural sector through technology. It has developed an open platform that utilizes an Ethereum-based commercial blockchain protocol to secure and share data across various agricultural industries. This platform acts as a distributed data layer and incorporates a smart contract library, facilitating the integration of sustainability practices. By providing digital infrastructure for farmers and agribusinesses, Geora enables efficient tracing, trading, and financing within global agri-supply chains, thereby promoting transparency and sustainability in agricultural operations.

FluroSat

Series A in 2021
FluroSat, established in 2016 and headquartered in Eveleigh, Australia, specializes in developing predictive crop health monitoring software. The company's primary product, FluroSat, is a decision support platform designed for cotton and grain growers. It employs multispectral and hyperspectral cameras on drones and satellites to diagnose crop health and identify specific stressors limiting crop performance. Additionally, FluroSat offers ProductionWise, a decision support system for commodity crops, aiming to enhance farm efficiency, sustainability, and profitability. This platform provides detailed paddock management, APSIM-powered yield predictions, satellite NDVI monitoring, and localized weather forecasts. FluroSat caters to the agronomist and farmer community.

Nowadays

Pre Seed Round in 2021
Nowadays is a producer of plant-based meat that aims to create affordable and scalable manufacturing solutions for whole cuts of plant-based products. The company specializes in developing healthier alternatives to traditional junk food, utilizing animal-free ingredients to cater to consumers seeking nutritious and sustainable options. By prioritizing health and sustainability, Nowadays strives to provide innovative meat alternatives that meet the growing demand for plant-based diets.

RapidAIM

Venture Round in 2021
RapidAIM PTY LTD is a technology company based in Highgate Hill, Australia, focused on pest management for the agriculture industry. Established in 2018, the company designs and manufactures a sensor grid equipped with low-power novel sensors and edge computing capabilities. This innovative platform enables real-time detection and monitoring of pest threats to food crops, offering valuable services such as regional pest surveillance, crop border security, and pest forecasts. By leveraging its IoT-based pest monitoring system, RapidAIM collects and analyzes data on pest activity, generating timely alerts that allow growers and agronomists to implement targeted pest control measures, ultimately minimizing crop damage and losses.

Vow

Seed Round in 2021
Vow Foods is a company that specializes in producing cultivated exotic meat through lab-based methods. By utilizing animal cells rather than traditional livestock, Vow aims to create sustainable and ethical meat alternatives. The process involves harvesting animal cells via biopsy and growing them in a nutrient-rich medium, which allows for the development of a diverse range of meat products. This innovative approach not only provides consumers, restaurants, and chefs with nutritious and flavorful options but also reduces reliance on natural resources typically used in conventional meat production.

SwarmFarm Robotics

Venture Round in 2020
SwarmFarm Robotics is a manufacturing company focused on developing autonomous robotics technologies for the agriculture sector. The company designs automatic machines and tools that enhance efficiency and sustainability in farming practices. Its collision-avoiding robots serve as alternatives to traditional large tractors, specifically for mowing and slashing applications. Additionally, these robots are equipped with advanced sprayers that allow for precise crop spraying on turf farms and between orchard rows. By providing these innovative solutions, SwarmFarm Robotics addresses the challenges posed by rural labor shortages and aims to improve overall agricultural productivity.

Nori

Seed Round in 2020
Nori Inc. is a carbon dioxide removal marketplace that utilizes a blockchain-based platform to facilitate the removal of excess carbon dioxide from the atmosphere. Founded in 2017 and based in Seattle, Washington, Nori's marketplace allows carbon removal suppliers, such as farmers, to connect directly with buyers through a transparent and secure system. The platform streamlines the processes of measurement, verification, listing, and selling carbon removal certificates, enhancing efficiency and reducing costs. Additionally, Nori's blockchain application enables the use of cryptocurrency tokens for the exchange of these certificates, promoting a voluntary marketplace for carbon removal services.

Goterra

Series A in 2020
Goterra is a company that specializes in developing autonomous waste management systems to address food waste challenges in logistics and distribution. It utilizes modular insect farms that convert food waste into sustainable protein and fertilizer, promoting a circular economy. Goterra’s innovative technology integrates seamlessly into existing waste management infrastructures, ensuring that services remain uninterrupted. The company's solutions adhere to Environmental, Social, and Governance (ESG) principles, providing farmers with low-impact, organic food sources that help restore nutrients to the food chain. By tackling food waste at various stages of the supply chain, Goterra positions itself as a comprehensive and effective tool for sustainable waste management.
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