Joyful Ventures, a Los Angeles, CA-based venture capital firm, closed $23M of its $25M sustainable protein fund.
The new climate venture fund aims to catalyze the $1.5T animal protein industry towards sustainable food solutions.
Led by partners Milo Runkle, Jennifer Stojkovic, and Blaine Vess, Joyful Ventures will focus on investing in early stage startups working in all aspects of sustainable and regenerative protein solutions, including plant-based, precision fermentation, mycoproteins, molecular agriculture, and cultivated technologies, with a focus on B2B.
Joyful Ventures has already invested in two startups including
- Orbillion Bio, which, based in San Francisco, has a proprietary full stack approach to cultivated meat, and
- New School Foods, which based in Toronto, is utilizing a muscle fiber and scaffolding platform to create plant-based seafood alternatives to traditional fish.
FinSMEs
28/06/2023