SUPPLY CHANGE CAPITAL
Venture capitalActively deployingChicago · Pre-Seed–Series A · 90 people tracked
Also known as SUPPLY CHANGE CAPITAL MANAGEMENT LLC
Investment thesis
Supply Change Capital backs foundational technology reshaping the food systems of tomorrow, targeting an industry it views as overdue for modernization. The firm invests early across the food supply chain — from logistics and automation to predictive tools and ingredient intelligence — funding systems that improve how food moves, scales, and nourishes. Its team draws on operational and technical experience ranging from scaling startups to leading supply chain transformation within Fortune 100 companies, and it seeks opportunities in areas of complexity where it can help founders gain traction more quickly and efficiently.
Source: firm website, verified Aug 7, 2026.
Team · 90 people
from the firm's websiteWhat they invest in
from 13 of 65 portfolio companiesFoodTech ×5AgTech ×3Fintech ×3Logistics & Supply Chain ×3SaaS ×3Biotech ×2Circular Economy ×2Cleantech ×2
HQs:United States×12
Investments · 65 tracked
founders shown can be your intro pathBy year:2026 · 12024 · 12023 · 24 dated
Encinitas, US
Matthew Suggs(President, Treasurer, Secretary, Chairman of the Board)Vincent Tseng(CEO)
Board seatShayna Harris· per SEC Form D
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
Shruti Gandhi(Director)
BoardTrevor Cox(Director)Krishna Srinivasan(Executive Officer, Director)
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)
Alveo Technologies develops a portable molecular testing platform that delivers rapid pathogen detection in under one hour at the point of need, with initial focus on avian influenza testing for poultry farms and agricultural operations.
AgTechBiotechHealthtechMedical DevicesAlameda, US
Isaac Blech(Director)Robin Steele(Director)Michael Aicher(Executive Officer, Director)Ron Chiarello(Executive Officer, Director)Lawrence Blatt(Director)
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)
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
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
Food safety automation and accessible software for food and beverage companies of all sizes.
Chicago, US
Gerald Galloway(Executive Officer, Director)William Metz(Executive Officer, Director)David Seddon(Director)
Supply chain platform providing end-to-end visibility and collaboration for cargo logistics providers.
Personalized online supermarket empowering people to make food choices that align with their health needs and values.
Clinical research platform that generates health impact evidence of better-for-you products through fast, regulatory-grade studies.
Kadeya operates a closed-loop beverage dispensing system that bottles drinks on demand in workplace settings and collects bottles for cleaning and reuse, eliminating single-use plastic waste.
Circular EconomyCleantechClimate TechConsumerFoodTechImpact & Social GoodChicago, US
Manuela ZoninseininAli Rose van OverbekeinAndrew Dunn(Director)
BoardZachary Smith(Director)
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.
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.)
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
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.
Supply Pay offers a platform for cross-border supply chains that combines shipment coordination among buyers, sellers, brokers, and carriers, invoice and order financing, and multi-currency accounts.
FintechLogistics & Supply ChainSaaS
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)
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
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 companiesKadeya · trysignalbase.com · Nov 25, 2025
Compound Foods · finance.yahoo.com · Apr 23, 2025
Frequently asked questions
- 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, 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.
Media · Podcasts & interviews
featuring the teamNoramay Cadena. Managing Partner en Supply Change Capital #ftalks23LATAM
KM ZERO Food Innovation Hub · Noramay Cadena
Let's Build Live: App Building in Interfaces
Airtable
Get Started in Airtable
Airtable
Warner Music Group: How AI Agents Are Transforming Creative Operations at Scale
Airtable
Live Build: Deploying a Real AI Agent for People, Inc. — On Stage, Start to Finish
Airtable
Daily Mail: Deploying Editorial AI Agents in a Live Newsroom
Airtable
Images
Co-investors · 29
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Everywhere Ventures is an early-stage venture firm that backs founders globally, supported by a community of founders and operators as LPs.
Spark Capital is a venture capital firm that backs founders across technology and consumer companies; it notably led 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, with a focus on enterprise technology and AI.
Precursor Ventures is a venture capital firm that invests in founders at the earliest stages, focusing on people over product.
Kapor Capital is an investment firm backing startups that create economic opportunity and address inequality across sectors such as education, work, finance, justice, food, and health.
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 Acceleration23andMeBBG VenturesGE 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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