SUPPLY CHANGE CAPITAL
Venture capitalActively deployingChicago · Pre-Seed–Series A · 59 people tracked
Also known as SUPPLY CHANGE CAPITAL MANAGEMENT LLC
Investment thesis
Supply Change Capital invests in the changing future of food, focusing on the forces of climate and culture that are reshaping the food economy. The firm backs early-stage sustainable businesses modernizing the food system across the full food supply chain, from automation improving labor and safety to platforms predicting climate vulnerability and supply chain risk. It emphasizes a culture-and-climate lens, backing diverse founders bringing varied technologies, crops, and flavors to market. The firm seeks systemic impact across the capital stack, spanning diverse LPs, GPs, founders, and the companies they build, aiming for a more resilient, diverse, and sustainable food system from farm to fork.
Source: firm website, verified Aug 27, 2026.
Team · 59 people
from the firm's website
Founder mafia
The SUPPLY CHANGE CAPITAL mafia →7 people who came through SUPPLY CHANGE CAPITAL went on to found or lead other companies.
+ 5 more
What they invest in
from 24 of 66 portfolio companiesFoodTech ×14SaaS ×7AgTech ×5AI & Machine Learning ×4Biotech ×4Fintech ×4Circular Economy ×3Climate Tech ×3
HQs:United States×17
Who they back
founder profiles across 5 portfolio companiesAccelerator rootsportfolio companies that came through a program
Investments · 66 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12024 · 22023 · 32022 · 12014 · 19 dated
PartnerSlate operates a marketplace that connects consumer packaged goods brands with co-manufacturers, using human experts and AI matching to find manufacturing partners.
Advanced ManufacturingB2B MarketplacesFoodTechEncinitas, US
Matthew Suggs(President, Treasurer, Secretary, Chairman of the Board)Vincent Tseng(CEO)
Board seatShayna Harris· per SEC Form D
Co-investorsCleveland AvenueResilienceVCThe MBA Fund
San Francisco, US
Hanson Li(Executive Officer, Director)
BoardJoseph Hei(Director)
Board seatNoramay Cadena· per SEC Form D · $7.9M raise · filed Mar 2026
Seattle, US
BoardShruti Gandhi(Director)Trevor Cox(Director)Krishna Srinivasan(Executive Officer, Director)in
Board seatNoramay Cadena· per SEC Form D
99 Counties sells regeneratively farmed meats — grass-fed and grass-finished beef, bison, and lamb, plus pasture-raised pork, chicken, and turkey — sourced from small family farms in the Midwest.
Direct to ConsumerE-commerceFoodTechKeystone, US
MICHAEL ADKINS(Executive Officer, Director)MICHAEL YANG(Director)NICHOLAS WALLACE(Executive Officer, Director)
BoardCHRISTIAN EBERSOL(Executive Officer, Director)
Co-investorsUNION Labs Ventures
Alveo Technologies makes a palm-sized molecular diagnostic analyzer with preloaded test cartridges that deliver on-site pathogen results in under an hour, with results sent to a smartphone.
AgTechBiotechMedical DevicesAlameda, US
Ron Chiarello(Executive Officer, Director)Michael Aicher(Executive Officer, Director)Shaun Holt(Chairman of the Board & Chief Executive Officer)Erik Tyrrell-Knott(President & Chief Business Officer)Scott(Chief Commercial Officer)Slava Elagin(Executive (R&D/Operations))
Co-investorsBlack Diamond VenturesCelesta CapitalCelesta CapitalCivilization Ventures Management, LlcPartners Resolute
Unlocking revenue for businesses with an upgraded checkout, allowing for same-day, scheduled, and recurring orders all in one seamless menu experience.
SaaS platform harnessing AI to transform supply chain data into actionable insights for the agriculture industry.
Creates whole-muscle cut seafood alternatives including calamari, shrimp, scallops, and tuna.
Chicago, US
Anne Palermo(Executive Officer, Director)Brittany Chibe(Executive Officer, Director)
BoardJohnny Ream(Director)in
Co-investorsKickstart InnovationStray Dog CapitalSustainable Food VenturesAera VCBig Idea VenturesHyde Park Angels
Cargologik offers a logistics software platform for supply chain visibility, freight forwarding, and operations management, serving logistics service providers (LSPs), freight forwarders, and beneficial cargo owners (BCOs).
Cloud ComputingEnterprise SoftwareLogistics & Supply ChainSaaS
Miles J. Varghese(Founder)in
Co-investorsOcean Azul Partners
Celleste Bio develops a cell-based "cocoa technology" combining biotech, agtech, and AI to produce real cocoa ingredients—including cocoa butter and powder—at scale independent of geography and climate.
AgTechBiotechFoodTech
Hanne Volpin(Founder)in
Co-investorsBarrel VenturesFLORA VenturesTrendlines GroupConsensus Business Group
Changing agricultural methods by building vertically-integrated platforms for regenerative farmers, entrepreneurs, and consumers – to produce healthy nutrient-dense foods.
Recreates coffee without coffee beans, delivering the same taste, aroma and effects with a fraction of the environmental footprint.
Compound Foods develops alternative coffee and cocoa ingredients made from upcycled, climate-resilient sources to address supply chain volatility and environmental impact of traditional coffee and cocoa production.
Climate TechFoodTech
Maricel Saenz(Founder)in
Co-investorsAmplifica CapitalCollaborative FundFemale FoundersJuniperMagma PartnersMaple VC+6 more
Bitly provides link shortening and QR Code creation tools with click and scan tracking and cross-channel analytics.
AdTechFintechMarketing TechSaaSBrooklyn, US
Co-investorsAt One VenturesGoogle for Startups Accelerator MexicoQuest VenturesShip2BWebb Investment NetworkTechstars
Technology company rating grocery items on a 1-100 FoodHealth Score and providing insights to retailers and brands.
Samantha Alexander(Founder)in
Co-investorsNew Leaf InvestPortfoliaTAWANI VenturesUlu VenturesPeakBridge VC
FoodReady is an AI-powered software platform that automates food safety, traceability, inventory management, and quality control for food manufacturers, processors, and distributors.
AI & Machine LearningCloud ComputingFoodTechSaaSChicago, US
Gerald Galloway(Executive Officer, Director)David Seddon(Director)
BoardWilliam Metz(Executive Officer, Director)
Co-investorsAPA Venture PartnersGeek VenturesScOp Venture Capital
Supply chain platform providing end-to-end visibility and collaboration for cargo logistics providers.
Helios operates an AI platform that forecasts prices and supply availability for 50+ agricultural soft commodities by aggregating climate and economic data, including a co-pilot tool (Helios Horizon) and commodity-tracking platform (CommodiTrack).
AgTechAI & Machine LearningClimate TechFoodTechArlington, US
Francisco Martin-Rayo(CEO & Co-Founder)Eden Canlilar(CTO & Co-Founder)Eden Waller Canlilar(Founder)
Co-investorsAmplifica CapitalStray Dog Capital
Helios offers Proxi, an AI-native policy and procurement intelligence platform that consolidates policy, regulatory, funding, procurement, and stakeholder signals so teams can monitor changes, analyze documents like legislation and RFPs, and draft memos and briefs.
AI & Machine LearningGovTechSaaSNew York City, US
Brandon Smith(Founder)
Co-investorsUnusual VenturesCollide CapitalEquity AllianceStray Dog Capital
Hyfé operates a refining process that extracts specialty ingredients and chemical building blocks from food processing waste, recovering compounds like glucose from biomass.
Circular EconomyFoodTechNew Materials
Co-investorsBlue Horizon Corporation
Personalized online supermarket empowering people to make food choices that align with their health needs and values.
Lasso is a platform that helps farmers find, apply for, and receive grant funding for on-farm projects by scanning federal, state, regional, and local funding sources and managing the application process.
AgTechFintech
Clinical research platform that generates health impact evidence of better-for-you products through fast, regulatory-grade studies.
Kadeya operates a closed-loop beverage system that autonomously bottles filtered water and flavored, sparkling, or branded drinks on demand at vending stations, then collects the reusable glass and stainless steel bottles for cleaning and reuse.
Circular EconomyCleantechClimate TechFoodTechHardwareWellness & FitnessChicago, US
Manuela ZoninseininAli Rose van OverbekeinAndrew Dunn(Director)
BoardZachary Smith(Director)
Co-investorsChicago Early Growth Ventures (CEGV)Clocktower VenturesDipalo VenturesEvergreen Climate InnovationsGROOVE CAPITALOxonian Ventures+4 more
A workforce optimization platform for labor-intensive industries, unlocking mobility & earnings potential for frontline workers while providing traceability & predictability for operators.
Recreating coffee minus coffee beans, with the same taste, aromas and effects but a fraction of the environmental footprint.
A cocoa technology company that has developed a plant cell culture platform to produce chocolate ingredients without trees.
Transforming food processing wastewater into feedstocks for biomanufacturing and clean water.
Michroma uses synthetic biology and fermentation to engineer microbial platforms that produce natural ingredients, starting with food colors.
BiotechDeep TechFoodTech
Ricky Cassini(Founder)in
Co-investorsBoro CapitalGRIDXPortfoliaSiddhi CapitalSur VenturesBe8 Ventures+3 more
Bitly provides a unified platform for URL shortening, QR code generation, and landing page creation with advanced analytics and tracking capabilities.
FintechMarketing TechSaaSBrooklyn, US
Co-investorsASEBAt One VenturesAUGE-UCRBerkley Center for EntrepreneurshipBethnal Green VenturesBioHealth Innovation, Inc.+21 more
Offers allergy-friendly, better-for-you foods made in allergen-free facilities; founded by a Black woman.
Partake Foods makes allergy-friendly cookies and snacks designed for people with dietary restrictions including common allergens like peanuts, tree nuts, and shellfish.
Direct to ConsumerFoodTechNew York, US
Denise Woodard(Sole manager.)
Co-investorsBackstage CapitalCleveland AvenueFourward VenturesGold House VenturesPortfoliaWellness Ventures+5 more
Peltier builds solid-state, refrigerant-free cold storage units (the Peltier Tote) with tri-temperature control down to -22°C, connected to a cloud platform for real-time monitoring of each unit.
CleantechHardwareLogistics & Supply Chain
Co-investorsFulcrum Global Capital
People Science runs real-world clinical research for the health and wellness industry, offering a decentralized clinical trial platform (Chloe Clinical) and a real-world data collection tool (Chloe LiveLab) alongside clinical research services.
Digital HealthHealthtechWellness & Fitness
Noah Craft(Founder)in
Co-investorsAcre Venture PartnersFTW VenturesLifeforce CapitalNoeticBluestein Ventures
Prado is a platform that lets food operators sell prepared meals as medical nutrition therapy, with healthcare providers prescribing weekly meal plans and patients paying via HSA/FSA accounts through a HIPAA- and IRS-compliant checkout.
Digital HealthFoodTechSaaSWest Palm Beach, US
BoardMichael James Delmar(Director)John W.S. Preston(Director)Jeffrey W. Preston(Director)Robert S. Green(Director)
Co-investorsBonfire VenturesDragonXJanuary VenturesMetamatic GroupResilienceVCSlauson & Co.
Robigo develops engineered microbial crop protection products for growers, including a biological solution targeting Sudden Death Syndrome in soybean.
AgTechBiotechFoodTech
Andee Wallace, PhD(Founder)in
Co-investorsCongruent VenturesEndeavor8First Star VenturesGood Growth CapitalThe E14 FundAera VC+2 more
A nutrition technology company leveraging its proprietary FoodHealth Score to empower individual nutrition choices for improved health outcomes.
Molecular diagnostics platform for early pathogen detection across animal, environmental, and human health applications.
Tendrel is a manufacturing operations platform that connects existing plant systems (MES, CMMS, historians, quality systems) and uses AI to answer operational questions and flag production issues before they cost the business.
Advanced ManufacturingAI & Machine LearningData & InfrastructureSammamish, US
Esteban Reyes(Director)Karsten Kell(Executive Officer)Mark Keller(Executive Officer, Director)
BoardAkash Nandi(Executive Officer, Director)
Co-investorsBread And Butter Ventures, LlcChingona Ventures
Upcycled Food Association (UFA) is a global membership-based trade association that supports companies, nonprofits, academics, and individuals across the food supply chain working to prevent food waste by growing the upcycled food economy.
Circular EconomyFoodTechImpact & Social Good
Amanda Oenbringin
Verve Market is a grocery shopping and delivery service that filters products from local stores to match a shopper's diets, allergies, and ingredient restrictions (e.g. gluten-free, vegan, keto, low FODMAP).
ConsumerFoodTechMarketplacesSan Francisco, US
Jason Kim(Founder)
Co-investorsHi Ventures
Championing food inclusivity by offering a range of delicious, allergy-friendly foods for those with and without food restrictions to enjoy and share with confidence.
Aggregating billions of data points to provide the food industry with a global, real-time view into the climate, economic, and political risks affecting your suppliers.
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Portfolio news
latest coverage across their companiesHelios · energynews.pro · Aug 19, 2026
Helios · manilatimes.net · Aug 18, 2026
Kadeya · trysignalbase.com · Nov 25, 2025
Michroma · futureisfungi.org · Nov 25, 2025
Celleste Bio · foodnavigator.com · Oct 15, 2025
Prado · aatexpertsystem.com · Sep 27, 2025
Compound Foods · finance.yahoo.com · Apr 23, 2025
Frequently asked questions
- How many investments has SUPPLY CHANGE CAPITAL made?
- SUPPLY CHANGE CAPITAL has 51 tracked investments.
- What stage does SUPPLY CHANGE CAPITAL invest at?
- SUPPLY CHANGE CAPITAL invests at the Pre-Seed, Seed, Series A stages.
- What is SUPPLY CHANGE CAPITAL's typical check size?
- SUPPLY CHANGE CAPITAL typically writes checks of $200K – $1M.
- What sectors does SUPPLY CHANGE CAPITAL focus on?
- SUPPLY CHANGE CAPITAL focuses on AgTech, AI & Machine Learning, Biotech, Climate Tech, Consumer, FoodTech, Impact & Social Good, Logistics & Supply Chain, Robotics, SaaS.
- Where is SUPPLY CHANGE CAPITAL located?
- SUPPLY CHANGE CAPITAL is headquartered in Chicago, US.
- Does SUPPLY CHANGE CAPITAL lead rounds?
- SUPPLY CHANGE CAPITAL typically participates in rounds rather than leading them.
- Who does SUPPLY CHANGE CAPITAL co-invest with?
- SUPPLY CHANGE CAPITAL most often shares deals with ResilienceVC, Techstars, At One Ventures, among 61 tracked co-investors.
Media · Podcasts & interviews
featuring the teamNoramay Cadena. Managing Partner en Supply Change Capital #ftalks23LATAM
KM ZERO Food Innovation Hub · Noramay Cadena
Airtable Summer Camp Day 5: Staged Edit Forms, Smarter Timelines & Omni on Mobile
Airtable
Airtable Summer Camp Day 4: Governance for AI Agents
Airtable
Let's Build Live: Getting the most out of Omni
Airtable
Airtable Summer Camp Day 1: Build Bases, Interfaces & Automations with MCP
Airtable
Solving the hardest part of AI adoption
Airtable
Images
Co-investors · 29
Backstage Capital is an investment firm focused on supporting underrepresented founders. It publishes a weekly newsletter, The Mixtape, sharing news, opportunities, and stories for these founders.
Chingona Ventures is an early-stage venture firm backing founders building businesses in rapidly changing, often overlooked growth markets.
Sequoia Capital is a venture capital firm that partners with founders to build technology companies.
Everywhere Ventures is an early-stage venture firm, backed by a community of founders and operators as LPs, that writes early checks (including pre-seed) into startups across many sectors and geographies.
Spark Capital is a venture capital firm that partners with founders, known for early investments including leading Twitter's Series B in 2008.
SOSV is a deep tech venture capital firm that makes first-check pre-seed investments and follow-on rounds in startups focused on human and planetary health, providing lab space and hands-on support at its US locations.
Liquid 2 is an early- and growth-stage venture capital firm that invests in founders across all sectors of technology, providing capital along with support from a network of operators.
Oak HC/FT is a growth equity firm that partners with founders building companies in healthcare and financial services, leveraging sector expertise and networks.
Precursor Ventures is a venture capital firm that invests in founders at the earliest stages, focusing on people over product.
Kapor Capital is an Oakland-based venture fund that invests in seed-stage technology companies in education, health, and consumer finance sectors. The firm focuses on companies that create both economic and social value.
Revolution is an investment firm that has backed founders, communities, and ideas for over two decades, spanning venture capital, entrepreneurship advocacy, and real estate and hospitality investments.
75 & Sunny operates as both a venture fund and startup studio where Zillow co-founder Spencer Rascoff directly incubates companies like Queue while leveraging his media presence as a CNBC contributor and podcast host to give portfolio companies exposure that few small funds can match. The LA-based fund concentrates heavily on proptech and "future of living" investments while co-creating companies with unconventional capital structures like SPACs and fractional home-ownership models, drawing on Rascoff's experience navigating public markets.
▶17 more co-investors
GSV Acceleration23andMeGE VenturesBBG VenturesBand of AngelsGanas VenturesOVO FundVamosVenturesBlack Jays VenturesMotley Fool Ventures125 VenturesZeal Capital PartnersAstiaL'ATTITUDE VenturesVista Equity PartnersGenNx360 Capital PartnersTechNexus Venture Collaborative
Firms observed investing alongside SUPPLY CHANGE CAPITAL, from public investor directories. Shared companies are the overlap with SUPPLY CHANGE CAPITAL's recorded portfolio.
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