The second fund of Singapore-based agrifood investment VisVires New Protein (VVNP), which was formerly known as Clay Capital, has closed.
Startups in Europe, Israel, and Asia that are applying technology to remedy fundamental problems in the food system will get funding from the $145 million Fund II.
Clay Capital’s Investment Strategy
Clay Capital’s investment strategy is centered around key themes such as e-commerce, on-demand services, and fintech. The firm plans to invest in up to 15 companies in the new fund, from the early stage and series A through to the growth stage.
It may also invest in startups at the seed stage where it makes sense to contribute to ecosystem development. Typically, checks will be between $3 and $8 million, with extra money set aside for future investments.
Clay Capital’s portfolio companies
The initial investments of Clay Capital include French biostimulant producer Toopi, Israeli bioherbicide startup WeedOUT, and French kitchen robot manufacturer Cook-e.
Areas of interest for Clay Capital include sustainable packaging, fermentation, agriculture biologicals, crop disease resistance, soil health, and regenerative agriculture
The Future of Clay Capital
Clay Capital is expected to continue progressing on its path to profitability with this new funding round. This is a company that aims to assist those agritech and foodtech entrepreneurs in Europe, Israel, and Asia involved in making food production greener and healthier.
With this new round of funding, Clay Capital will carry on with a commitment that involves investing in such businesses where they help provide systemic changes but offer some decent venture returns.
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