Supply Change Capital
Supply Change Capital is an early-stage venture capital firm investing at the intersection of food, culture, and technology, with disclosed seed investments in cell-cultured cocoa and AI-powered agricultural supply chain analytics.
- Company typePrivate
- Founded2020
- HeadquartersLos Angeles, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Supply Change Capital does
Supply Change Capital is an early-stage venture capital firm founded in 2020 and headquartered in Los Angeles, California. The firm invests at the intersection of food, culture, and technology, with a stated focus on climate-resilient and sustainable food supply chain technologies. Its investment thesis targets structural challenges in global agricultural commodity markets, including cocoa supply volatility driven by climate change and deforestation, agricultural commodity pricing transparency, and nutrition transparency for consumers. The firm is led by managing partner Noramay Cadena and operates with a small team of 1-10 employees.
The firm's capital deployment activity is concentrated in food system transformation and agricultural technology. In 2024, Supply Change Capital led a $4.5 million seed round for Celleste Bio, an Israeli cell-cultured cocoa butter producer developing alternative cocoa ingredients to address supply volatility affecting the global chocolate industry. The round included co-investment from Mondelēz International's SnackFutures Ventures, indicating strategic corporate validation. In September 2025, the firm participated as a co-investor in a $4.7 million seed round for Helios AI, a Virginia-based agtech company that launched Helios Horizon, an AI-powered copilot for food supply chains providing price forecasting and climate predictions across more than 75 agricultural commodities and 2,500 price series. Celleste Bio and Helios AI are the two disclosed portfolio investments.
As a venture capital firm, Supply Change Capital does not sell products or services; its revenue mechanics are management fees and carried interest from its investment funds. Pricing, customer segments, and revenue figures are not publicly disclosed. The firm's operating model is lead-or-participate seed investing, typically syndicating with strategic corporates (Mondelēz, S&P Global) and other venture investors (Collide Capital, Stray Dog Capital, Angeles VC, Equity Alliance), positioning the firm as a thematic specialist within the broader food/agtech VC landscape.
Supply Change Capital firmographics
Firmographics- Name
- Supply Change Capital
- Website
- https://supplychange.fund
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Supply Change Capital is an early-stage venture capital firm investing at the intersection of food, culture, and technology, with disclosed seed investments in cell-cultured cocoa and AI-powered agricultural supply chain analytics.
- Ownership category
- akta.pro rank
Supply Change Capital industry classification
Industry- Product category
- Venture Capital Investment Management
- akta.pro primary industry
- Emerging Manager / Seeding Platforms (Multi-Manager) (FSANAGAF)
Keywords
Where Supply Change Capital is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Markets served
Supply Change Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D
Supply Change Capital product offering
Product offeringCore offering
Supply Change Capital is an early-stage venture capital firm that invests at the intersection of food, culture, and technology. It deploys seed-stage capital into food-system and agtech startups — including cell-cultured cocoa production (Celleste Bio) and AI-powered food supply-chain analytics (Helios AI) — while providing strategic support to portfolio companies addressing climate, supply volatility, and nutrition transparency challenges.
Product overview
Supply Change Capital is a venture capital firm that invests in food and agriculture technology companies. The firm provides investment capital and strategic support to early-stage startups developing innovative solutions in sustainable food systems, including cell-cultured cocoa ingredients and AI-powered agricultural intelligence. As a VC firm, Supply Change Capital does not offer a product platform but rather deploys capital into portfolio companies such as Celleste Bio and Helios AI.
Differentiator
Problem solved
Functional benefit
Companies that use Supply Change Capital
Customer profileIdeal customer profiles2 records
Supply Change Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Supply Change Capital partnerships and signals
Strategic signalRecent moves4 records
Expansion highlights4 records
Supply Change Capital competitors and assessment
Company assessmentDirect peers
- S2G Investments: Specialist venture and growth fund focused on food and agriculture technology. S2G is one of the most prominent food/agtech VCs and a direct competitor for deal flow, LP capital, and strategic corporate partnerships in the same vertical Supply Change Capital targets.
- Acre Venture Partners: Early-stage venture fund investing across the food system, from agriculture to consumer brands. Acre is a direct peer in food-tech seed investing with comparable thematic positioning and fund size profile to Supply Change Capital.
- AgFunder: Venture capital platform specializing in agrifood technology, including a venture fund and industry intelligence arm. Direct competitor for agtech seed deals and corporate LP relationships in the food supply chain vertical.
- Cultivian Sandbox Ventures: Early-stage venture fund focused on food and agriculture technology. Comparable in stage focus and thematic emphasis on food system innovation, making it a direct peer for portfolio companies and LP capital.
- Cibus Fund (ADM Capital): Food and agriculture-focused venture fund managed by ADM Capital, investing in companies across the food value chain. Direct peer in food/agtech venture investing with European reach complementary to Supply Change Capital's portfolio.
- PowerPlant Partners: Venture firm backing plant-based and sustainable food companies. Direct peer in the alternative protein and climate-resilient food ingredient space where Celleste Bio operates.
Broad incumbents
- Khosla Ventures: Large venture firm with significant climate, sustainability, and food-tech exposure. While a much larger generalist firm, it is a relevant incumbent participating in adjacent food/agtech seed rounds where Supply Change Capital also deploys capital.
- Breakthrough Energy Ventures: Climate-focused venture fund backed by high-profile LPs investing across food, agriculture, and related climate solutions. A broader incumbent whose capital pool and LP network compete for emerging-manager LP relationships.
Emerging players
- Stray Dog Capital: Early-stage venture fund focused on alternative protein and food tech. Co-invested with Supply Change Capital in Helios AI's seed round, making it a transactional peer within the same syndicate ecosystem.
Others
- Collide Capital: Early-stage VC fund leading the Helios AI round with Supply Change Capital participating. While not a thematic direct competitor, it is a transactional peer and emerging manager operating at similar check sizes in adjacent verticals.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Supply Change Capital social profiles
Digital presenceSupply Change Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Supply Change Capital leadership team
Management profileNumber of profiles
Profiles1 record
Supply Change Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Supply Change Capital M&A and investment
M&A and investmentM&A
Investments21 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Supply Change Capital
What does Supply Change Capital do?
Supply Change Capital is an early-stage venture capital firm that invests at the intersection of food, culture, and technology. It deploys seed-stage capital into food-system and agtech startups — including cell-cultured cocoa production (Celleste Bio) and AI-powered food supply-chain analytics (Helios AI) — while providing strategic support to portfolio companies addressing climate, supply volatility, and nutrition transparency challenges.
Is Supply Change Capital a public or private company?
Supply Change Capital is a private company. It is classified as unknown and is currently operating.
When was Supply Change Capital founded?
Supply Change Capital was founded in 2020. It employs 1 to 10 people.
Where is Supply Change Capital based?
Supply Change Capital is headquartered in Los Angeles, United States, in the North America region.
Who are Supply Change Capital's main competitors?
Direct peers on record are S2G Investments, Acre Venture Partners, AgFunder, Cultivian Sandbox Ventures, Cibus Fund (ADM Capital) and PowerPlant Partners. Broad incumbents are Khosla Ventures and Breakthrough Energy Ventures. Stray Dog Capital is listed as an emerging player. Collide Capital is listed as an others.
Does Supply Change Capital have an API?
No public API is recorded for Supply Change Capital.
What industry is Supply Change Capital in?
Supply Change Capital's product category is Venture Capital Investment Management. Its primary akta.pro industry code is FSANAGAF, Emerging Manager / Seeding Platforms (Multi-Manager).