Supply Change Capital

We believe inclusive systems innovation, which enables all people and places to participate and benefit, is essential to a strong food system that is better for everyone. With teams on the ground across Europe, we bridge the gap between countries and regions with low innovation capacity and those leading the way. And we put consumers at the heart of our work, helping build trust by reconnecting them to the origins of their food, directly involving them in the innovation process, and working with the food sector to increase transparency. Collaboration is central to all our work, which spans the whole food value chain, and is vital to meet the big challenges we face. Together with our community, we will build an innovative and resilient food system that in turn creates a healthier society and planet.

Pioneers in deploying venture capital into high impact agrifood tech since 2014, we back ambitious teams that are reconnecting and strengthening the link between human health and the health of the planet through innovative technology. Clay Capital was founded with the belief that food is both the cause of, and remedy to, some of today’s most urgent challenges: environmental degradation, societal inequity, and human health. We see these issues as interconnected.In Europe and Asia especially, there is a generation of entrepreneurs motivated to tackle the $12 trillion market opportunity that lies in restoring and reconnecting human and planetary health - and who have a toolkit fit for purpose: from farmers and chefs, to biotechnologists, computational biologistics, plant scientists, computer engineers and multidisciplinary teams merging these skillsets. There is no single silver bullet; transforming a system that has supported humanity in its evolution from Nomadic to Agrarian, and been the seed that rooted and grew societies around the globe, will not happen overnight. Therefore, there’s an urgent need for both transitional solutions and revolutionary new infrastructure. We aim to back both, and enable a healthier food system to co-exist with a healthier planet within our lifetimes. Clay Capital invests to strengthen and refocus how materials are produced and consumed through innovation to have sustainable, nutritious, and circular outcomes. This context presents us with unrivalled opportunities for smart investing - investments that address urgent issues today, for a better tomorrow.

Pale blue dot is a €87M seed-stage venture capital firm, investing in climate tech startups that reduce and reverse the climate crisis and help us prepare for a new world. Pale blue dot is based in Malmö, Sweden, and invests in early stage companies in Europe and the US. We invest in founders building climate tech companies to build the world we want to live in. It’s simply good business to protect our home - the dot - and it’s not too late. We still have time to use technology to outpace climate change, but we have less than a decade to reduce carbon emissions, reverse the climate crisis and prepare for a new world on the same beautiful blue dot. DetailsStage: Seed and Pre-seed Ticket size: €500k-€1.5M Fund size: €87M Focus: Climate Tech Geo: Europe and US Strategy: Lead or co-lead seed rounds Why? We founded Pale Blue Dot in 2020 as three former entrepreneurs. We wanted to build a better venture capital fund that understood entrepreneurs and channelled capital into founders solving the biggest problems facing humanity: climate change. We have all previously built software startups in Europe and the US and have invested in hundreds of startups and built programmes to support entrepreneurs and their growth. Focus We invest in the best early-stage founders building scalable solutions to the climate crisis. Climate change is the biggest challenge facing humankind right now, and it's also the most significant opportunity for new thinking and where we think the best entrepreneurs are building. So, what is climate tech? Every single industry needs to adapt to climate change. Climate tech is not a vertical itself, it's a lens through which we see all companies. Many industries are built for an old world, and startups are coming in fast to develop better versions or entirely new solutions. Climate positive companies can be found everywhere; food, agriculture, mobility, fashion, supply chain and logistics, fintech, proptech, energy, biotech, and more. We think every industry will be disrupted. We invest in companies with climate impact at the core of their business model. We back companies that decarbonise industries, remove carbon from the atmosphere, or prepare for a new world. We strongly believe the future billion-dollar companies will be built with positive climate impact right at the core, and it is no longer negotiable. We also invest in great leaders. Those who are building defensible ideas in huge addressable markets, and who ask themselves every day if their company contribute to a liveable planet. We strongly believe that profit and impact go hand in hand. We believe that great companies and great people can come from anywhere. We love meeting climate tech founders and corporate activists from all backgrounds. We believe that diverse founders are a moral imperative and give you a competitive advantage. We back leaders who want to build diverse and inclusive companies.

Sucden Ventures is a venture capital specialist formed by Sucden in 2020 to invest in innovative early-stage growth companies in the food and agricultural sector. Sucden Ventures aims to support disruptive and impactful technologies that can transform the food supply chain in the fields of sustainability, efficiency but also health and nutrition. Sucden Ventures will take advantage of the competitive benefits offered by the Sucden network of companies and partners, built over decades across many regions, and from Sucden’s industrial and agricultural assets. SPECIALIST AREAS We're looking to support innovation and development in three specialist and growing areas of the food tech and agri tech ecosystem. They are: alternative proteins, both cell-based and plant-based alternative or new ingredients plant and crop sciences. PORTFOLIO COMPANIES Sucden Ventures has already made, and currently maintains, several direct investments in new companies innovating in the field of new ingredients. Alongside its historical partner, Continental Grain, Sucden Ventures has also made co-investments in a dozen of companies. One of which uses natural fermentation of mushrooms to create novel plant-based ingredients and transformative technology, offering solutions for sugar reduction, food insecurity, sustainable protein, natural immune support and much more. Another company looks at leveraging plant and crop sciences to offer a clean alternative to synthetic nitrogen fertilizer. INVESTMENT APPROACH We make investments in relatively early-stage growth companies in the specialist sectors mentioned above, potentially anywhere in the world. We aim to be an active minority investor, looking to support our portfolio companies in: business development testing new solutions through our commercial, industrial and agricultural network growing internationally.

RPV is the $100 million corporate venture fund for Rich Products, a $4.5B family-owned food company that operates in 100+ countries and sells across a range of channels from food service to retail. Our fund invests in companies across the value chain that will shape the future of food through technology and innovation. We have investments across three core areas (1) Nutrition and Sustainability (2) Next Generation of Retail and Food Service and (3) Digitization of the supply chain. Our portfolio includes market leading companies like Future Meat (cell-based meat), The Every Company (animal-free egg proteins), Strella (food-waste reduction) and Kitchen United (ghost kitchens). We measure success on financial returns while we also seek to bring strategic insights to the broader organization. RPV is in its 5th year and we continue to be very active targeting 4-5 investment per year.

We use our powerful network and expertise rooted in an entrepreneurial family heritage to lift new generations of sustainable businesses. We invest. We invest in mission-driven founders that identify the needs of their customers with innovative business models and disrupting product solutions in order to shape a better and sustainable future for the next generation. We support. We believe ‘capital’ should be more than just mere money. Thus, we will provide capital beyond money in form of access to personal networks, industrial knowledge and entrepreneurial spirit. This support will last from Seed to Series A – and beyond. Investment ThesisConsumption. Feeding the planet is the biggest societal and climate challenge in current times – solving this will be of pivotal importance for the upcoming decades. By inventing more efficient, healthy, and sustainable technology and product solutions, we invest into B2B and B2C consumption innovations that are better for the people and the planet. Wellbeing. Using state-of-the art scientific and technological advances, earth inhabitants’ lives are transformed towards more healthiness with respect to mental and physical conditions. Digital solutions are driving towards higher transparency, connectivity, and thus better performance creating superior living standards for the society. Productivity. Superior digital solutions along the value chain and innovative product experiences that disrupt analog businesses and ease complex processes with the aim to revolutionize existing segments or innovate new ones with the ability to adapt according to data will be key to safeguard the wealth and living on our planet. Offering access to a unique set of industry and venture networks.Expert Access: Thanks to a highly diversifed network of industry leading companies of our investor, we have access to a unique set of industry and venture networks that we leverage for investment decision making and actively offer our investee companies as value-add in addition to our financial contribuionts. We understand ourselves as an accessible, reliable, and collaborative team – we remain on the co-driver seat beyond stages. Powerful Network: In the past years we have built up a highly diversified and valuable network of trusted partners and co-investors. In addition to our direct investments, we are also invested into leading early-stage funds, with whom we have co-invested in the past and will also do in the future. These networks give us access to world-leading early-stage co-investors and know-how. Lasting Commitment: There is no ‘short-term’ in family. So being backed by one of the most renowned family businesses in Germany comes with lasting dedication. We are here to stay and will continue to invest in the foreseeable future thereby leveraging our experiences and expertise.