SUPPLY CHANGE CAPITAL
Venture capitalActively deployingChicago · Pre-Seed–Series A · 59 people tracked
Also known as SUPPLY CHANGE CAPITAL MANAGEMENT LLC
Find your way into SUPPLY CHANGE CAPITAL
4,703 people in our graph share verified history with the SUPPLY CHANGE CAPITAL team — schools, employers, funds. One of them is your warm intro.
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
2 people who came through SUPPLY CHANGE CAPITAL went on to found or lead other companies.
What they invest in
from 28 of 71 portfolio companiesFoodTech ×17SaaS ×8Climate Tech ×6AgTech ×5AI & Machine Learning ×5Circular Economy ×5Advanced Manufacturing ×4Biotech ×4
HQs:United States×21Belgium×1Israel×1
Who they back
founder profiles across 5 portfolio companiesAccelerator rootsportfolio companies that came through a program
Investments · 71 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 22024 · 22023 · 52022 · 22021 · 12014 · 114 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
Seattle, US
BoardShruti Gandhi(Director)inTrevor Cox(Director)Krishna Srinivasan(Executive Officer, Director)in
Board seatNoramay Cadena· per SEC Form D
Co-investorsArray Ventures Management LlcYork IE
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
Afresh provides an AI platform that forecasts demand, optimizes inventory, and automates ordering decisions for grocery retailers by learning from billions of historical transactions and accounting for the operational complexity of fresh food supply chains.
AI & Machine LearningCircular EconomyEnterprise SoftwareFoodTechImpact & Social GoodRetail TechSaaS
Matt Schwartz(Founder & CEO)in
Co-investorsBetter Food VenturesLeadX Capital PartnersMaersk GrowthBright Pixel CapitalGeneration Investment ManagementImpact Engine+5 more
Agua Bonita makes low-sugar, non-carbonated aguas frescas in aluminum cans, using rescued surplus fruit that would otherwise go to landfill.
Circular EconomyConsumerDirect to ConsumerFoodTech
Kayla Castañeda(Founder)in
Co-investorsChaos VenturesCedar Capital
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)inMichael Aicher(Executive Officer, Director)Shaun Holt(Chairman of the Board & Chief Executive Officer)Erik Tyrrell-Knott(President & Chief Business Officer)inScott(Chief Commercial Officer)Slava Elagin(Executive (R&D/Operations))in
Co-investorsBlack Diamond VenturesCelesta CapitalCelesta CapitalCivilization Ventures Management, LlcPartners Resolute
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 InnovationService Provider CapitalStray Dog CapitalSustainable Food VenturesAera VCBig Idea Ventures+1 more
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
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+7 more
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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
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)inEden Canlilar(CTO & Co-Founder)in
Co-investorsAmplifica CapitalStray Dog Capital
Helios builds an AI-native policy intelligence platform for high-stakes policy, legal, regulatory, and legislative teams, and offers specialist-led consultancy across public sector readiness, government contracting, and political intelligence.
AI & Machine LearningGovTechLegalTechSaaSNew York City, US
Brandon Smith(Founder)in
Co-investorsUnusual VenturesCollide CapitalEquity AllianceStray Dog Capital
Helios develops technology to extract oxygen from lunar regolith through molten regolith electrolysis, producing rocket fuel oxidizer for space missions.
Advanced ManufacturingCleantechClimate TechDeep TechEnergyNew MaterialsSpace Tech
Co-investorsAt One VenturesMetaplanetCollide 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
Lasso helps farmers and ranchers identify and apply for agricultural funding from federal, state, and private sources, including grants for equipment, conservation, and disaster recovery.
AgTechFintech
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
Michroma uses industrial biotechnology and fermentation to produce natural food colorants, offering an alternative to petrochemical-derived synthesis, plant extraction, and animal-based ingredients.
BiotechDeep TechFoodTechNew Materials
Ricky Cassini(Co-founder)inMauricio Braia(Co-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
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-investors37 AngelsBackstage CapitalCleveland AvenueFourward VenturesGold House VenturesPortfolia+5 more
A design consultancy that creates Webflow templates and design systems for brands seeking timeless, structurally-sound digital presence.
CleantechDeveloper ToolsHardwareLogistics & Supply ChainBrussels, BE
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.
Rebellyous develops plant-based chicken nuggets and proprietary manufacturing systems designed to enable efficient, clean food production with improved working conditions.
Advanced ManufacturingClimate TechFoodTechHealthtechImpact & Social GoodSeattle, US
Christie Lagally(Founder/CEO)in
Co-investorsAgronomicsBlue Horizon CorporationClear Current CapitalFifty YearsPortfoliaSinai Capital Partners+6 more
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+3 more
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, LlcMoment Ventures, LlcChingona Ventures
Upcycled Food is an educational and advocacy organization that promotes and defines upcycled food — products made from surplus ingredients that would otherwise enter waste streams, serving consumers and food producers.
Circular EconomyClimate TechFoodTechImpact & Social Good
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)in
Co-investorsHi Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Peltier Technology Inc.Akash NandiAndee WallaceAndrés Ornelas VargasAnthony PratsBelinda TanCharles JuliusChristian EbersolCompoundDávid PardaviDenise WoodardDr. Hanne VolpinEden CanlilarErik Tyrell-KnottFrancisco Martin-RayoGabriel de GodoyGerry GallowayHelios Artificial IntelligenceJason KimJason PesekJon CarterJorge AyalaKrishna SrinivasanMahendra RajanManuela ZoninseinMaricel SaenzMatt SuggsMichal Beressi GolombMichelle RuizNicole RojasNoah CraftPartakeRicky CassiniSam Citro AlexanderShaun HoltSlava ElaginTrevor CoxVince TsengWilliam MetzWilliam Steele
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 · streetsignal.substack.com · Sep 11, 2026
Helios · energynews.pro · Aug 19, 2026
Helios · manilatimes.net · Aug 18, 2026
Afresh · finsmes.com · Apr 22, 2026
Peltier · supplychangecapital.substack.com · Apr 8, 2026
Rebellyous Foods · greenqueen.com.hk · Jan 9, 2026
Kadeya · trysignalbase.com · Nov 25, 2025
Michroma · futureisfungi.org · Nov 25, 2025
Frequently asked questions
- How many investments has SUPPLY CHANGE CAPITAL made?
- SUPPLY CHANGE CAPITAL has 71 tracked investments, including 4 dated in the last 24 months.
- 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 At One Ventures, ResilienceVC, Ship2B, among 63 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
Spark Capital is a venture capital firm that partners with founders, known for early investments including leading Twitter's Series B in 2008.
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.
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 capital firm that invests in founders building businesses in large, rapidly changing markets that are often overlooked.
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.
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.
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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