Fundraising Fox
Chicago · Pre-Seed–Series A · 59 people tracked
Also known as Supply Change · SUPPLY CHANGE CAPITAL MANAGEMENT LLC
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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 Sep 26, 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 29 of 73 portfolio companiesFoodTech ×17SaaS ×9Climate Tech ×7AI & Machine Learning ×6AgTech ×5Circular Economy ×5Advanced Manufacturing ×4Biotech ×4
HQs:United States×22Belgium×1Israel×1
Who they back
founder profiles across 9 portfolio companiesFounding team size:solo founder×32 founders×43 founders×2
Where their founders studiedfrom 10 founders with education data
Carnegie Mellon University ×2Stanford University ×2
Where their founders worked beforefrom 10 founders with career history
Google ×3Council on Foreign Relations ×2
Accelerator rootsportfolio companies that came through a program
Investments · 73 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 22024 · 22023 · 62022 · 32021 · 12014 · 116 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 AvenueResilienceVCStartXThe MBA Fund
Seattle, US
BoardShruti Gandhi(Director)inTrevor Cox(Director)Krishna Srinivasan(Executive Officer, Director)in
Board seatNoramay Cadena· per SEC Form D
Co-investorsYork IEArray Ventures Management Llc
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-investorsGV (Google Ventures)UNION Labs Ventures
Afresh builds AI-based demand forecasting, inventory management, and ordering software for grocery retailers, focused on fresh and perishable categories.
AI & Machine LearningCircular EconomyClimate TechEnterprise SoftwareFoodTechImpact & Social GoodRetail TechSaaS
Matt Schwartz(Founder)inNathan Fenner(Founder)in
Co-investorsBetter Food VenturesBlack Jays VenturesBright Pixel CapitalCaesar VenturesDesigner FundDoon Capital+15 more
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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 CapitalCivilization Ventures Management, LlcPartners Resolute
Creates whole-muscle cut seafood alternatives including calamari, shrimp, scallops, and tuna.
Chicago, US
Anne Palermo(Founder)Brittany Chibe(Founder)
BoardJohnny Ream(Director)in
Co-investorsBig Idea VenturesKickstart InnovationService Provider CapitalStray Dog CapitalSustainable Food VenturesAera VC+1 more
Automat is an enterprise automation platform that uses AI techniques to automate business workflows.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US
Lucas Ochoa(Founder)inGautam Bose(Founder)inShareef El-Sayed(Sales Related Co-Hiring Manager)Steph Stopani(Head of Talent)Eric M.(Head of Talent)
Co-investorsFelicis VenturesInitialized CapitalK5 GlobalY CombinatorDecent CapitalFenwick & West+3 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 FundEndurance28Female FoundersJuniperMagma Partners+8 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
Parag Chordia(Founder)Prerna Gupta(Founder)Simon Cheng(Founder)
Co-investorsAt One VenturesGoogle for Startups Accelerator MexicoKapor CapitalQuest VenturesShip2BWebb Investment Network+6 more
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(Co-Founder & CEO)inEden Canlilar(Co-Founder & CTO)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-investorsAlumni VenturesUnusual 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 CAPITALHumans Of The Internet+6 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(Founder)inMauricio Braia(Founder)inRicky Cassini Mauricio Braia(Founder)
Co-investorsBoro CapitalGRIDXPortfoliaSiddhi CapitalSur VenturesBe8 Ventures+4 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(Founder)
Co-investors37 AngelsBackstage CapitalCleveland AvenueFourward VenturesGold House VenturesPortfolia+10 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-investorsAlumni VenturesBonfire VenturesDragonXJanuary VenturesJFFLabs, INC.Metamatic Group+2 more
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(CEO)inJonathan Tang(Investor)in
Co-investorsAgronomicsBlue Horizon CorporationClear Current CapitalE8 AngelsFifty YearsG Ventures+21 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 CapitalSVG Ventures | THRIVEThe E14 Fund+4 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 VenturesALLVP
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 IntelligenceHyféJason 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 companiesAfresh Technologies · finsmes.com · Apr 22, 2026
Automat · finsmes.com · Nov 20, 2025
Frequently asked questions
- How many investments has SUPPLY CHANGE CAPITAL made?
- SUPPLY CHANGE CAPITAL has 73 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 Portfolia, At One Ventures, Cleveland Avenue, among 97 tracked co-investors.
Media · Podcasts & interviews
featuring the teamNoramay Cadena. Managing Partner en Supply Change Capital #ftalks23LATAM
KM ZERO Food Innovation Hub · Noramay Cadena
Getting Started in Airtable
Airtable
Airtable Summer Camp Day 4: Governance for AI Agents
Airtable
Airtable Summer Camp Day 5: Staged Edit Forms, Smarter Timelines & Omni on Mobile
Airtable
Let's Build Live: Getting the most out of Omni
Airtable
Airtable Summer Camp Day 1: Build Bases, Interfaces & Automations with MCP
Airtable
Images
Co-investors · 30
Sequoia Capital is a venture capital firm that partners with founders to build technology companies.
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 Ventures is a seed-stage venture capital firm founded in 2015 by Joe Montana and based in San Francisco.
Kapor Capital is an impact-focused venture capital firm that invests in seed-stage tech startups building solutions that create economic opportunity and address inequality across sectors such as education, work, finance, justice, food and health.
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.
Black Jays Ventures is an early-stage investor backing founders building products and services that address the modern needs of families across health, care, personal finance, and education.
Cercano is a family office and wealth advisory firm providing integrated investment strategy, tax and estate planning, legacy development, and operational support to families and individuals across generations.
Everywhere Ventures is an early-stage venture firm that writes pre-seed checks and is backed by a community of founder and operator LPs.
Oak HC/FT is a venture and growth equity firm that partners with founders in healthcare and fintech across a company's lifecycle.
Precursor Ventures is a pre-seed and seed stage venture capital firm that focuses on backing founders and building long-term relationships with them from the earliest stages.
▶18 more co-investors
Revolution75 & SunnyGSV Acceleration23andMeGE VenturesBBG VenturesBand of AngelsGanas VenturesOVO FundVamosVenturesMotley 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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