Vevolution, the world’s leading plant-based & cell-ag investment marketplace, has raised $330,000 in seed funding
The round is led by Capital V, Kale United, and CULT Food Science, all industry-leading investors in alternative protein & cell-ag. Its seed round is also backed by many strategic angel investors including Orange Light Ventures, Virginia Pappadakis, Victoria Betoeski, Paul Peyer, Alicia Robb, Eva Sommer, Siddharth Kothari, and others.
Vevolution has developed its own financial technology which is now being used by over 3,000 users, 1,200 start-ups, and nearly 100 investor members. In 2021, the first full year since launching its technology platform and global community, Vevolution facilitated partial and full-round funding into 20 start-ups from around the world, including Opalia, De Novo Dairy, Grounded Foods, Grazer, Crafty Counter, Melibio, THE PACK, and more.
Led by Co-Founder and Managing Director Erik Amundson, Vevolution pivoted to a SaaS enabled marketplace business at the end of 2020. “Vevolution’s group of investors are from around the world with varied expertise. We now have a team filled with experience in plant-based, cellular agriculture, tech, and venture capital.”
Michiel van Deursen of Capital V said, “This industry is growing exponentially, with more start-ups and investors joining every day. Vevolution gives them a place to help each other, connecting people with businesses and capital. The Vevolution platform makes it easier than ever to grow a successful business.”
Måns Ullerstam of Kale United added, “Kale United was founded to make it possible for everyone in the world to invest in a portfolio of plant based game changers. Vevolution is supporting that mission and democratizing investments in the plant based space, making it accessible and transparent for all parties in the ecosystem.”
Lejjy Gafour, President of CULT Food Sciences with portfolio companies including Biftek, Eat Just, and more says “We are excited to continue to build up the future of food working together with Vevolution. The Vevolution platform will help support our operations and allow us to more easily scale innovative cell-based companies from around the world.”
The company intends to use the funds to further develop its tech, expand its offerings, and further its impact utilizing their community to democratize funding and accelerate the plant-based & cellular agriculture industries.