What Clay Capital does

Clay Capital is a Singapore-headquartered venture capital firm (legal entity CLAY CAPITAL PTE. LTD.) specializing in agrifood technology investments, with an additional office in London. Founded in 2014 as VisVires New Protein and rebranded to Clay Capital in July 2024, the firm deploys capital across Europe and Asia at seed through Series C stages into a portfolio of more than 20 companies. Its core activity is sourcing, diligencing, and backing technologies across alternative proteins, cellular agriculture, crop protection, sustainable ingredients, and AI-driven biotech within the food and agriculture stack.

The firm's portfolio spans frontier and growth-stage assets: Aleph Farms holds the world's first regulatory approval for cultivated beef; MiAlgae was named an Earthshot Prize finalist in 2024; Nuritas uses AI for peptide discovery and expanded into Asia in 2025; Rootwave develops crop protection and raised $15M in 2025 with European and US expansion; Scindo applies AI to enzyme discovery (co-led $4M seed, September 2025); and NxtFood/ACCRO raised $58M in 2025. The firm invests alongside co-investors and syndicate partners, signaling reliance on ecosystem relationships rather than purely solo checks.

Clay Capital operates a traditional venture capital fund management model, earning 2% annual management fees on committed capital plus 20% carried interest on fund returns. Revenue is driven by Fund II at $145M and residual Fund I economics, with the firm employing approximately 16 people across investment, operating, finance, and legal functions. Investment leadership comprises Co-Founders Matthieu Vermersch and Marie-Anne Dupin alongside Managing Partner Kenneth Lee.

Name

Clay Capital

Legal name

CLAY CAPITAL PTE. LTD.

Website

https://claycapital.vc

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Clay Capital is a Singapore-based venture capital firm investing in agrifood technology companies from seed to Series C across Europe and Asia, managing a $145M Fund II and a 20+ company portfolio spanning alternative proteins, cultivated meat, AI biotech, and crop protection.

Ownership category

akta.pro rank

Product category

Venture Capital

SIC

Investors, Nec (6799)

akta.pro primary industry

Geography-Focused Venture Capital (Regional/Emerging Markets) (FSANAAAE)

Keywords

• Venture capital
• Agrifood technology
• Food tech investing
• Seed to series C
• Alternative proteins

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Fund Management: Clay Capital generates revenue through traditional VC fund management structures including management fees (typically 2% of committed capital) and carried interest (typically 20% of profits above the hurdle rate) from their investment funds.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Clay Capital is a venture capital firm that deploys capital into agrifood technology startups from Seed to Series C stages across Europe and Asia. The firm manages investment funds (with its second fund closed at $145 million in July 2024) and provides capital, operational expertise, and strategic guidance to companies addressing bottlenecks in the global food and feed system. Portfolio investments focus on alternative proteins, cultivated meat, AI-powered biotech, sustainable agriculture, mycelium-based foods, and circular packaging.

Product overview

Clay Capital is a venture capital firm offering investment services to agrifood tech companies across Europe and Asia, focusing on Seed to Series C stages. The firm operates three core offerings: (1) Clay Capital Investment Services providing capital to transformative food system companies, (2) a Portfolio Companies Network spanning 20 innovative ventures in alternative proteins, AI-powered biotech, sustainable agriculture, and circular food solutions, and (3) News & Views, a content platform delivering insights on agrifood tech developments. The portfolio includes AI-powered enzyme discovery (Scindo), peptide ingredient platforms (Nuritas), cultivated meat (Aleph Farms), mycelium-based foods (Infinite Roots), and other regenerative food system innovations. Formerly known as VisVires New Protein, the firm closed a $145 million second fund in 2024.

Differentiator

Problem solved

Functional benefit

Products and services

• Clay Capital Investment Services Venture capital investment services providing capital deployment from Seed to Series C stages into agrifood technology companies across Europe and Asia. Services include funding, operational expertise, and strategic guidance to startups addressing bottlenecks in the global food and feed system. Target clients are ambitious agrifood tech entrepreneurs.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• AgFunder: AgFunder is a leading agrifood tech venture firm investing globally across the food and agriculture value chain. Directly comparable as a sector-specialist VC with overlapping portfolio themes (alt protein, ag biotech, supply chain).
• Anterra Capital: Anterra Capital is a specialist agrifood tech VC investing from Seed to Series C across Europe, North America, and Asia. Highly comparable in stage focus, sector specialization, and global geographic reach.
• FoodLabs: FoodLabs is a Berlin-based food tech investor and builder focused on early-stage European food and agriculture startups. Comparable in stage focus and European food tech thesis.
• CPT Capital: CPT Capital (Clean Protein Technologies) is a London-based VC focused on alternative proteins. Strongly comparable as a European alt-protein specialist with overlap in portfolio companies (e.g., cultivated meat, plant-based).
• S2G Ventures: S2G Ventures is a multi-stage venture fund focused on food, agriculture, and ocean technology. Closely comparable thesis (food system transformation) with similar stage range and global deal sourcing.
• Cultivian Sandbox Ventures: Cultivian Sandbox is a venture fund focused on agrifood technology, with comparable stage range and deep sector specialization across food and agriculture innovation.
• Unovis Asset Management: Unovis is an alternative protein-focused investment manager with venture and growth strategies. Comparable given Clay Capital's significant alt-protein exposure and co-investor history in the space.
• Lewis & Clark AgriFood: Lewis & Clark AgriFood is a sector-specialist VC investing in food and agriculture technology. Comparable in stage focus (Seed to growth) and dedicated agrifood mandate.

Regional players

• ID Capital: ID Capital is a Singapore-based foodtech and agritech investment and advisory firm focused on Asia. Comparable in agrifood focus and Singapore HQ, providing Asia-side overlap with Clay Capital's regional presence.
• Omnivore: Omnivore is an India-focused agritech venture fund investing in early-stage companies. Comparable as a sector specialist VC with Asian geographic overlap, particularly for portfolio companies like Eratani.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/new-protein-capital
• Xx.com/VVNPsg

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments28 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clay Capital