Another day, another VC fund? Clay Capital just announced the close of their second fund at $145M. 

And if you haven’t heard of them before, then maybe VisVires New Protein rings a bell. They just rebranded! 

• Clay Capital is a foodtech and agritech-focused impact investor that’s headquartered in Singapore. 
• Launched in 2014, they support startups across Europe and Asia that help solve fundamental problems in the food system.

Did you know? Clay Capital is backed by institutional investors including government-linked funds, supra-national entities, banks, insurance companies, and more!

‍

🥽 The plan

They’ll invest in up to 15 companies, from the early and Series A stage to the growth stage.

• Oh, and the check sizes will range from $3M to $8M per round. The rest of the $$$ will be used for follow-on funding!

Heads up. Their areas of interest include sustainable packaging, fermentation, agriculture biologicals, crop disease resistance, soil health, and regenerative agriculture.

‍

🥬 Get to know them

Clay Capital said that they have a total of $200M in assets under management. And while most of the investments are in the European market, Singapore’s “food system innovation and supportive regulation” supports its goals. 

• Some of their portfolio companies include Nutrition Innovation (Singapore), Ÿnsect (France), Nuritas (Ireland), and more!

‍

🥕 More on the foodtech space

Last week, Singapore-based Better Bite Ventures invested in three new foodtech startups. It was part of their First Bite funding round, where they grant $50K to $150K to early-stage ventures!

• 🇸🇬 Fattastic Technologies develops designer fats to improve the mouthfeel and flavor of alternative proteins. 
• 🇦🇺 Pivot Eat, which is working on improving the scalability of plant-based whole-cut meat
• 🇰🇷 Everything But, which is a cultivated meat startup focused on pet food.