Supply Change Capital

Happy Thanksgiving from all of us at Supply Change Capital! 🦃🍁 We're incredibly grateful for our community—our portfolio, partners, team, and everyone who has been a part of SCC's journey. Your trust, loyalty, and support motivate us every day, and we couldn't be more thankful for our team. This season, we reflect on all the things that make our work meaningful. Here's to continued growth, collaboration, and making the world a better place together. Wishing you all a joyful, peaceful, and love-filled Thanksgiving! 🙏💛

Noramay Cadena will be joining team BevNET.com on their investor panel at NOSH Live in Marina Del Rey, CA on Dec 5th and 6th alongside Rachel Hirsch (Wellness Growth Ventures) and Wayne Wu (VMG Partners). See you there! Learn more on their website: noshlive.com #noshlive

Our former UC Davis PhD fellow, Minami O., shared her reflections recently in a post entitled: "From Storybooks to Startups: My Journey Through Food, Science, and Innovation." She talks about her career journey and her work with Supply Change Capital earlier this year. Minami shares, "I immediately felt connected to SCC’s thesis. It matched perfectly with my personal and professional goals. Focusing on the intersection of food, culture, diversity, and technology, their “theory of change" is based on the idea that diverse leadership, coupled with cutting-edge technology and culturally relevant food products, can create more sustainable, equitable, and healthier food systems." Minami served as our deep tech expert in residence, specializing in novel foods like alternative proteins and bioengineered foods. She leveraged her expertise in food science and cultivated meat to evaluate over 120 startups, perform due diligence, and source early-stage deals. Check out her full post linked below 🔗

Looking for yummy treats for the holiday season? Check out Forbes "Holiday Gift Guide 2024: 9 Black-Women-Owned Food Brands To Gift This Season," highlighted Partake Foods. Partake Foods was founded by Denise Woodard to provide her daughter, who has multiple food allergies, with safe and delicious treats. The company offers a range of allergy-friendly cookies that are gluten-free, non-GMO, vegan, and free from the top nine allergens. Their product lineup includes favorites like chocolate chip, ginger snap, and snickerdoodle. Partake also partners with nonprofits across the U.S. to provide safe food, education, and advocacy for food-insecure families. Don't miss the full Holiday Gift Guide, linked below 🔗

In the past, starting a food service business required a significant investment in physical infrastructure, commissary kitchens, and logistics. However, with Prado's Food-as-a-Service (FaaS) platform, you can connect with customers without the need for large, upfront costs. Prado allows you to create menus that align with your values, support your mission, and boost profitability—all without the burden of heavy infrastructure. Discover how FaaS is revolutionizing the future of food!

ICYMI 🚨 AQUA Cultured Foods, was highlighted after their recent launch at its first restaurant, Mama Delia in Ukrainian Village. The restaurant, led by chef Marcos Campos Sanchez, is part of Bonhomme Hospitality, which also operates Michelin-starred Porto. This marks the first phase of Aqua Cultured Foods' strategy to expand its plant-based seafood offerings to chef-driven menus in Chicago and nationwide, capitalizing on growing demand for fish alternatives. CEO and co-founder Brittany Chibe stated that Aqua Cultured Foods plans to collaborate with more restaurants led by chef Marcos Campos Sanchez. The company's strategy is to introduce its plant-based seafood products to Chicago's trendsetters and tastemakers. Check out the full article linked below!

We are thrilled to announce our recent investment in bitewell, home of the FoodHealth Score. The company provides a simple scoring system that helps consumers understand the nutrient density and ingredient quality of food products at the grocery store so that they can make purchasing decisions that align with their dietary and health goals. Supply Change Capital is bullish about investing at the intersection of food and health. Why? It is a critical time for food-based healthcare. 42% of Americans today suffer from chronic health conditions like diabetes, heart disease, and hypertension. Many of these conditions are diet-related. And the costs of our healthcare system are overrunning our ability to treat patients—we need a more preventative approach to care, one that starts with food. What’s more, the market for nutrition-based health is large and growing. The global personalized nutrition market was $11.3 billion in 2022, and is expected to reach $23.3 billion by 2027, growing 15.5% annually. As such, the food industry is paying close attention and the FoodHealth Score is now available at Kroger nationwide. We expect to see rapid expansion to new grocery retailers across the US in the coming months. You can check out the FoodHealth Score online at Kroger, and join the waitlist for bitewell’s app on their website. We wrote more about why we invested in bitewell, linked below.

Last month, on behalf of our work at Supply Change Capital, Noramay Cadena participated in the second Latino Venture Capital Summit at The White House hosted by the Office of Public Engagement and Office of Intergovernmental Affairs. Colleagues and friends came together for a roundtable conversation with top Biden Administration officials from the U.S. Department of the Treasury, U.S. Economic Development Administration, U.S. Small Business Administration, White House Office of Science and Technology Policy, Federal Retirement Thrift Investment Board. 💪🏽 Latinos make up 19% of the US population, represent $3.2T GDP, and Latino-owned businesses contribute $800B annually to the US economy. On the other hand, Latinos manage only 1.4% of the ~$85T dollars in the asset management industry and the number of Latina-owned venture capital firms is <50 across the country. During the Summit, topics including how to create an institutional capital investing marketplace that provides equal access to opportunities to the best fund managers were discussed. Thank you Director Tom Perez, Taylor Wright and Janis Bowdler for facilitating the conversation, and thank you to all the Biden Administration officials for participating: Justina Gallegos, Stacie Olivares, Bailey DeVries, Carolina Ferrerosa Young, Ph.D., Michael H., Tonantzin Carmona, Andrea M. O'Neal, Vincent Cordero among others.

ICYMI AQUA Cultured Foods' tuna was highlighted by VegNews alongside Swap Food's chicken on their path to replacing animal protein with their plant-based alternatives. "Two exciting brands have made the Windy City the official site for the launch of their meatless products, which will take center stage on plates in some of Chicago’s most respected and bustling restaurants." Check out the full article linked below 🔗

Earlier last month, Shayna Harris joined NVNG Investment Advisors, LLC at their annual Venture North gathering in #Milwaukee. Supply Change Capital joined a panel to discuss food industry trends alongside S2G Ventures, Palermo's Pizza, and Johnsonville. Thanks to the NVNG team for bringing together thoughtful discussions and collaboration opportunities amongst Midwest VCs and start ups!