A new invest group has been formed to help give a boost of momentum to the already rapidly growing vegan food market. New Crop Capital, a “specialized private venture capital fund”, has already raised over $25 million in capital with investments to companies such as Gelzen, which makes vegan gelatin, and Beyond Meats, which makes a plethora of vegan meat products.
According to the group’s website, they invest in “talented, focused entrepreneurs whose products or services replace foods derived from conventional animal agriculture, which we view as an antiquated and inefficient food production system with serious vulnerabilities”, noting that “The meat, egg, and dairy sectors represent a $700 billion global market that is ripe for innovation and large-scale disruption.”
According to the group, “We primarily provide Angel, Seed, and Series A funding, with investments ranging from $50,000 to $1,000,000. Drawing upon the expertise and networks of its talented advisory board, NCC also connects early-stage companies with other motivated investors in the food technology space.”
For more information about this new group, or if you have a business that would like to seek funding, visit their website by clicking here.