Clay Capital's $145M Fund Boosts Scalable and Sustainable Food Systems

Clay Capital, a prominent impact investor in the foodtech and agritech sectors headquartered in Singapore, has just closed its second fund, amassing a substantial $145M in capital.

Background:

Established in 2014, Clay Capital dedicates its resources to supporting startups in Europe and Asia, specifically those striving to address critical challenges within the food system.

Notably, the company boasts backing from an array of institutional investors, including government-linked funds, banks, insurance companies, and supra-national entities.

The Strategy:

Clay Capital's strategy entails investing in up to 15 companies, spanning from early-stage ventures to Series A and growth stages. Funding will range between $3M to $8M per round, with additional provisions for follow-on investments.

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

Clay Capital currently manages an impressive $200M in assets, with a predominant focus on the European market. Their commitment to Singapore's "food system innovation and supportive regulation" aligns with their overarching objectives.

The company's portfolio includes noteworthy names like Nutrition Innovation (Singapore), Ÿnsect (France), Nuritas (Ireland), and many others.

More Insights into FoodTech:

Recently, Better Bite Ventures, based in Singapore, initiated investments in three new food tech startups through their First Bite funding round, offering between $50K and $150K to early-stage ventures.

Notable investments include Fantastic Technologies, specializing in designer fats for enhancing alternative proteins; Pivot Eat, dedicated to scaling plant-based whole-cut meat; and Everything But, a cultivated meat startup focused on pet food.