Supply Change Capital believes in a future of food that is sustainability mindful, supply chain efficient, better for you, and culture rich. We invest at the intersection of food, culture, and technology to catalyze early stage sustainable businesses that modernize the food system.
The firm is led by two GPs who combine food domain expertise with tech and investing experience. Noramay Cadena is an aerospace engineer turned investor. She previously launched an early stage fund that invested in over 20 manufacturing and supply chain companies. Shayna Harris brings an insider's eye to the industry, from architecting the 21st-century chocolate supply chain at Mars to building the groundbreaking food tech company Farmer’s Fridge. She advises Fortune 100 companies and startups on navigating the fast-changing food terrain, and writes for Forbes. The duo have 40 investments between them and 2 investments in the Supply Change portfolio.
The firm is based in Chicago and Los Angeles.
The firm is led by two GPs who combine food domain expertise with tech and investing experience. Noramay Cadena is an aerospace engineer turned investor. She previously launched an early stage fund that invested in over 20 manufacturing and supply chain companies. Shayna Harris brings an insider's eye to the industry, from architecting the 21st-century chocolate supply chain at Mars to building the groundbreaking food tech company Farmer’s Fridge. She advises Fortune 100 companies and startups on navigating the fast-changing food terrain, and writes for Forbes. The duo have 40 investments between them and 2 investments in the Supply Change portfolio.
The firm is based in Chicago and Los Angeles.
Location: United States, California, Los Angeles
Employees: 1-10
Founded date: 2020
Investment Type: Venture Capital
Investment Stage: Pre-Seed; Seed; Series A
Portfolio 27
| Date | Name | Website | Total Raised | Location |
| 21.02.2026 | Loamy | getloamy.com | - | United Sta... |
| 17.07.2025 | Supply Pay | supplypay.io | - | - |
| 17.07.2025 | Cargologik | cargologik.com | - | United Sta... |
| 17.07.2025 | PeopleScie... | peoplescience.health | $5.3M | United Sta... |
| 17.07.2025 | Alveo Tech... | alveotechnologies.com | $38M | United Sta... |
| 14.05.2025 | FoodHealth... | foodhealth.co | $7.5M | - |
| 26.12.2024 | Celleste B... | celleste-bio.com | $4.5M | Israel, Te... |
| 28.11.2024 | Bitewell | bitewell.com | $4M | United Sta... |
| 30.10.2024 | Verve Mark... | vervemarket.com | - | - |
| 30.10.2024 | Terrantic | terrantic.com | $3.5M | - |
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Mentions in press and media 17
| Date | Title | Description |
| 09.12.2024 | Celleste Bio Secures $4.5M to Scale Production of Cell-Cultured Cocoa, Mondelēz VC Arm Participates | Cocoa-tech startup Celleste Bio has raised $4.5 million in a seed round to produce its cell-cultured cocoa ingredients for the food industry. The round was led by early-stage investor Supply Change Capital, with the participation of Mondelē... |
| 14.05.2024 | ‘We predicted increases in cocoa prices months before the market.’ Helios taps AI to power forecasting platform for soft commodities | AI-powered startup Helios has launched what it claims is the world’s first global platform to forecast prices and availability of soft commodities from fruits and vegetables to cocoa. Founded in December 2022 by ex-Google AI/ML engineer Ede... |
| 03.10.2023 | Cersi, what are the biggest risks to my supply chain today? Helios launches AI supply chain analyst, raises $1.85m pre-seed round | Virginia-based startup Helios has launched an AI-powered supply chain analyst called Cersi and raised $1.85 million in a pre-seed round led by Supply Change Capital with participation from January Ventures. The brainchild of ex-Google AI/ML... |
| 30.07.2023 | This week in food tech: New fund shows food investments are still simmering | If you’re adventurous with your food, or just like to keep up with the fast-moving food tech industry, here’s a roundup of this week’s stories and some notable news we weren’t able to cover. Supply Change Capital The venture capital fund ma... |
| 25.07.2023 | USA-based Supply Change Capital closes its debut fund at USD 40 million | Los Angeles and Chicago, USA-based venture capital firm that invests in the future of food, Supply Change Capital, raised USD 40 million for its inaugural fund. The company announced the closure on July 24, 2023. 301 INC, MassMutual’s First... |
| 24.07.2023 | Supply Change Capital is latest women-led VC to raise substantial debut fund | Supply Change Capital closed on $40 million in capital commitments for its first fund, targeting investments in the global food industry valued at $10 trillion. The female and Latina-owned firm is spearheaded by co-founders and managing par... |
| 24.07.2023 | Supply Change Capital Raises $40M Venture Fund | Los Angeles-based Supply Change Capital, a new venture capital fund focused on investments in food startups, has raised a $40M fund, the firm said this morning. The firm--led by investment veterans Noramay Cadena and Shayna Harris--said it ... |
| 24.07.2023 | Supply Change Capital Closes Debut Fund, at $40M | Supply Change Capital is led by industry veterans Noramay Cadena and Shayna Harris. Supply Change Capital, a Los Angeles, CA- and Chicago, IL-based venture capital firm that invests in the future of food, closed its inaugural $40M fund. Lim... |
| 06.04.2023 | BREAKING: Aqua Cultured Foods closes $5.5m seed round to expand fungi-fueled alt seafood platform | Chicago-based Aqua Cultured Foods has raised $5.5 million in a seed round led by Stray Dog Capital to expand its low-cost production platform for whole cuts of fungi-based seafood as it gears up to enter the market this year. The round was ... |
| 02.02.2023 | The week in agrifoodtech: Plant-based salmon reels in $12m, new funding for ag robots, Impossible layoffs | This week, Canada’s New School Foods snagged seed funding for its whole-cut plant-based salmon. In agtech, BloomX secured funding for its pollination tech and E-Terry for its farm robot. Meanwhile, KFC struck a deal to put robots in its kit... |
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