Supply Change Capital has recently amassed $40 million for it’s inaugural fund, earmarked for food and agriculture technology focused on sustainability. Shayna Harris, Founder and Managing Partner, highlights the firm’s intent, stating, “We target investments in technological solutions foundational to a robust food ecosystem. Our investment strategy is laser-focused on addressing the dual crises our planet and society currently grapple with: climate and cultural preservation.”

Contributors to the fund include General Mills, Mass Mutual, and Bank of America. The capitol is earmarked for nascent businesses in the food and tech sectors, covering food, agriculture, and ingredient firms that employ advanced technology, supply chain tech, and enterprise software.

A key differentiator for Supply Change Capital is their commitment to measurable impact. The firm asks that each company in their investment portfolio actively contribute positively to either environmental, health, or diversity metrics. 73% of these companies are engaged in driving positive environmental change, touching vital areas such as atmospheric health, soil conservation, biodiversity, and water preservation.

In a drive toward inclusivity, over 80% of the businesses they’ve invested in are spearheaded by Latinx, Black, and/or female leaders. Harris points out, “Multicultural individuals represent the bulk of the U.S. population surge. By 2050, the concept of a ‘minority’ in the U.S. will be outdated.” She underscores the current reality : 98% of venture capital inflow benefits male entrepreneurs and 70% of venture-funded businesses are led by white founders. This stark imbalance underscores a significant, untapped potential in the early-stage funding landscape.

By addressing this gap, Supply Change Capital not only champions sustainable food and agricultural tech but also pioneers a much-needed shift towards a more inclusive investment landscape.