The First Thirty

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.

With a focus sector in food and agriculture with specific verticals of Food Technology, Agriculture Technology, Climate Technology, Sustainability and Consumer Food Products, we provide strategic investment, mentorship, and operational support to visionary entrepreneurs. Our regional perspective, coupled with deep industry expertise, enables us to identify and nurture groundbreaking solutions, fostering sustainable growth and creating impactful outcomes. Committed to driving innovation and shaping the future, we partner with exceptional founders, fueling their journey towards success and meaningful impact on a regional and global scale. WE ARE DRIVEN BY A PURPOSE : to expedite the shift towards a sustainable, climate-resilient world. At First Frontier Ventures, our investment approach is characterized by a combination of rigorous due diligence, strategic guidance, and continuous support throughout the growth journey of our portfolio companies. We are committed to fostering innovation and creating lasting value for both entrepreneurs and investors. Our fund is dedicated to catalyzing this transformation by focusing on Climate Tech, Sustainability, and Agri-Food Tech. These sectors hold immense potential in reshaping industries and tackling pressing global challenges. Through strategic investments in pioneering startups and innovative solutions that champion positive change, our goal is twofold: to generate compelling returns for our investors and to actively contribute to a future that's both sustainable and food-secure. 350+ Agrifoodtech Startups First Frontier Ventures stands as a formidable force in the agrifoodtech realm, boasting a vast network of 350+ pioneering agrifootech startups. Our robust ecosystem is a testament to our commitment to empowering innovation. Through strategic alliances and comprehensive support, we've cultivated a diverse community of forward-thinking entrepreneurs, each driving transformative change in the industry. Our dedication to these 350+ startups extends beyond mere numbers; it represents a collective mission to revolutionize the agrifoodtech landscape, fostering collaborations, amplifying impact, and propelling the evolution of sustainable and scalable solutions that tackle global challenges.

We back regenerative technology companies that are restoring the planet from the atom up. Why regenerative? Because investment should be an act of optimism. We can’t incrementally fix what is fundamentally broken. Sustainability is not enough. The next generation of iconic companies will work with nature rather than against it. Driven by a convergence of technology, demand and talent, the only limit is our collective imagination. Together, we will create a better way of living for all without destroying the planet we depend on. 25% of greenhouse gas emissions caused by the food and agriculture industry. We can transform this carbon culprit to a carbon sink. $>3T per year of materials and products will be redesigned from synthetic to bio-based to meet our net-zero targets. 45% of carbon emissions need to be cut this decade and 100% by 2050. The entire economy must be radically reinvented. Our Investment Areas Food & Agriculture Nature-inspired technologies enable a healthier food system that meets the needs of all while healing the planet. Regenerative food systems can mitigate 25% of global emissions as well as being a carbon sink for other industries. The co-benefits of increased biodiversity, reduced water consumption and improved food quality, make this a truly win-win-win area of focus. Alternative Food Production, Soil Health, Supply Chain, Robotics and Automation, Microbiome Materials & Products From synthetic chemicals and fossil-fuels to living and bio-based. Ubiquitous materials such as textiles, building materials and packaging that make up our physical world are being reimagined thanks to step-changes in technology. Materials of the future will work for the planet rather than against it and be more beautiful, cheaper and infinitely scalable. Regenerative Fibres, Textiles, Dyes, Feedstock, Plastics, Building Materials, Enabling Infrastructure Decarbonisation Reinventing every sector of the economy is an urgent imperative and generational opportunity. We acknowledge that not every sector will reach net-zero in our lifetime. While reducing emissions towards zero as fast as possible we will simultaneously accelerate our progress by harnessing nature-based solutions to remove carbon faster, cheaper and more permanently. Mother Earth has been doing this for 4 billion years! Nature-based carbon removal, Biodiversity, Enabling technologies, Marketplaces, Carbon-to-value, Next-Gen Infrastructure

We are a for-profit, evergreen investment firm on two continents helping entrepreneurs solve the most pressing food system challenges for future generations. We have invested in the green transition of the food system since 2015 and have more than two decades of work experience in leading roles in the food industry. We believe in paradigm shifts, not incremental solutions Our cheap calories come at a steep price. With the population growth there is an increasing number of mouths to feed. Still, food production is already the primary contributor to greenhouse gas emissions, deforestation, loss of species, and soil degradation. The equation doesn’t add up, but it’s solvable. Bold entrepreneurs with transformative innovations have started the redesign of our food system into a biodiverse carbon sink feeding the billions with nutritious food. The outcome is resilience, regeneration, and abundance. We invest in category defining companies driving the reformation of the global food system. Our investment focus areas Sustainable supply chains: Revalorize resources in shorter and circular supply chains that minimize lost nutrients, material, and energy. Healthy diets: Revitalize health with nutritious, delicious, and personalized diets that prevent disease. Sustainable proteins and fats: Rethink where delicious, economically scalable, and resource-efficient food comes from. Healthy soils: Redesign farming techniques to improve our soils' capacity, health, and productivity.

We work with leading corporations, startups, universities, and growers to solve the biggest challenges facing the food and agriculture industries. Accelerator Program We support seed stage startups from all areas of the value chain whose technologies drive us toward a more efficient, sustainable & secure agriculture future. THRIVE TOP 50 THRIVE Top 50 is an annual ranking of leading global AgTech and FoodTech companies exemplifying the best in agriculture and food focused innovation. SVG Ventures | THRIVE SVG Ventures | THRIVE invests in all companies that go through our award winning accelerator program and make follow on investments in some of these companies in subsequent stages.

Our business is to turn scientists into entrepreneurs who can save lives and save the planet (we call this “human and planetary health”). Personal, 1 on 1, with IndieBio’s Team We are not an assembly line. You are not a widget. Every startup is unique and needs devoted attention. Most startup programs have a meeting with you once a week. We talk to you almost every day. We sit with you, desk to desk, as we work. These rapid touchpoints speed up your iteration cycles and are critical to your evolution into a successful startup. You get direct access to the team that helped build so many iconic companies over the years. Most accelerators are designed to spot the one company in 10 that might be big one day. At IndieBio, every startup matters. You are our first priority. Your success is our only business model. We only invest in companies that come through our accelerator. Our Alumni are Our Greatest Asset All new startups get the benefit of a trusted community with 199 alumni who are happy to share their wisdom. Going through IndieBio is an incredible bonding experience. We teach a philosophy and mindset that is uniquely ours. You’ll become emotionally and intellectually attached to your fellow batch mates. You’ll remember them the rest of your life. This deep connection informs the next years to come. IndieBio is our startups’ birthplace. Everyone visits home. Every generation of startups gets the benefit of alumni help, and then they repay the favor to the new batch. First, we can start funding you and working with you earlier, long before you’re ready to be in the intensive program. We’ve done this up to 9 months in advance. So even if you haven’t graduated yet, or haven’t yet gone full-time on the startup, we recommend you still apply. We Believe in Diversity 44% female. First, second, and third time founders. 36 nationalities. Post-docs and corporates. Ages 21 to 75. Diversity is a core thesis for IndieBio. We find talent that many others overlook. Some of the greatest companies of tomorrow are hiding in plain sight, today, right now. It’s just that nobody listens long and hard enough to recognize the brilliance and the potential. If other investors have told you that you’re “too early,” well, that’s our sweet spot. We’ve funded paper plans, where no science has been done yet–and created hugely successful companies that way. Perhaps the greatest endorsement is how many alumni have returned to IndieBio to create their second company. Choose SOSV as your Partner IndieBio’s parent is SOSV, which has $1 billion in assets under management, and is consistently a Top Quartile VC. SOSV runs programs around the world in robotics, biotech, mobile ecommerce, fintech, automated manufacturing, food, and cryptocurrencies. The firm was founded by Sean O’Sullivan, who had also been an entrepreneur and a humanitarian. In 2020, during the heat of the pandemic – when others were retreating – we were the most active investor in the US. We are now the 4th most active early stage investor in India. Our climate tech portfolio alone is worth over $6 billion. Partners for the Long-term The journey begins with $525,000 and our intense program. But we continue to invest meaningfully in every round. 80% of our capital is deployed post-accelerator. We recommend choosing your investors wisely. We offer the biggest checks in the accelerator industry, but that’s just the beginning. SOSV, our venture fund, is spread around the globe and manages $1.4 billion (as of September 16, 2022). We target a long-term ownership of around 10%, and we continue to invest at Seed through Series C. We are a long-term partner, not just a first-check accelerator. At IndieBio, we are in touch with thousands of investors, and we have co-invested with well over 400 firms. The SOSV network is even greater.