New Crop Capital is a venture capital firm specializing in investing in companies producing products or services set to replace conventional animal agriculture — particularly the practice of factory farming. New Crop Capital is based in Washington, D.C. and was founded by Bruce Friedrich, Chris Kerr, and Nick Cooney in 2015. The company primarily provides angel, seed, and series A funding ranging from $50,000 to $1M. Their areas of interest include food technology, cellular agriculture, distribution systems, and plant-based consumer goods that help replace animal products with products that are plant based or made using cellular agriculture. Notable companies New Crop Capital has invested in include: Aleph Farms, Memphis Meats, Beyond Meat, Geltor, Mosa Meat, and SuperMeat.
On March 17, New Crop Capital announced their first venture capital fund closing with $25 million in capital.
Funding Rounds Participated In
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- Investment fundInvestments funds are collective pools of capital coming from multiple investors that is used to purchase securities, and other assets, in particular regions and/or industries. Each investor in an investment fund typically has complete ownership and control of their shares, unless their are agreements made stating otherwise.
- CompanyA company, abbreviated as "Co." within a company name, is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise.
- Cell-based and plant-based meatTopics related to cultured meat, plant-based meat, and cellular agriculture.
- The Good Food InstituteAn organization promoting clean meat, plant-based meat, and clean eggs and dairy as alternatives to traditional animal-based products.
- Clean meatClean meat is a term coined by The Good Food Institute representing meat products made using cellular agriculture and tissue engineering techniques. Other terms for clean meat include: cultured meat, in-vitro meat, and synthetic meat.
- Cultured meatCultured meats are animal flesh products made from extracted animal cells that are grown in bioreactors and harvested for consumption. Cells are taken from animals such as a chickens, cows, or tuna, and grown using scaffolding and/or self-organizing constructs in bioreactors.
- Plant-based meatPlant-based meat products are made to mimic properties found within natural meats and are considered to be meat substitutes. They are made using plant and other non-animal products to look, taste, and feel like meat products. Examples include: seitan, falafel, tempeh, Tofurky, Beyond Meat burgers, and Mock duck.