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The Venture Codex

Alchemy Fund

Springfield, MA, 01115, United States

Overview

The Alchemy Fund helps new ventures between the Boston and NYC tech hubs grow into nationally competitive firms.

Total investments
5
Lead investments
0
Investments · 12mo
1
Active investors
0
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Investment portfolio

  • Wingreens Farms

    Participated · Series D · May 2026

    Wingreens Farms owns multiple consumer food brands including Wingreens Farms, Raw Pressery, Wingreens Harvest, Saucery and now Safe Harvest, with a portfolio spanning dips, spreads, sauces, mayonnaise, baked chips, muesli, granola bars, oats, juices, protein shakes, almond milk, iced teas and lemonades. The company is pursuing a farm-to-consumer strategy by integrating Safe Harvest’s pesticide-free product lines and farmer partnerships into its platform. Safe Harvest works with over 100,000 farmers, primarily women, via Self Help Groups and Farmer Producer Organizations and claims 100% batch-wise pesticide testing and certification across its products. Financially, Wingreens has raised a total of Rs 556 crore to date, including a Rs 124 crore equity round in November 2021 led by Investcorp and the recent Rs 120 crore Series D. The company plans to use the new capital to expand its product portfolio, broaden distribution, strengthen supply chain integration, and invest in innovation and farmer partnerships to scale its combined platform.

  • Clean Crop Technologies

    Participated · Series A · Mar 2022

    Clean Crop Technologies develops the EPA-approved Clean Current system, a dry, fully electric, residue-free cold-plasma seed decontamination device that treats 25–50+ lbs. of seed per hour. The system combines electricity and food-grade gases (air) to inactivate a broad spectrum of contaminants without chemical or water additives, aiming to stop crop loss at the source and avoid chemical run-off. Clean Crop has signed $3.4 million in purchase orders from customers that represent 39% of the global vegetable seed market. The company is based in Holyoke, Massachusetts and has operated in the Pioneer Valley since 2019. With recent recognition from Fast Company and TIME, Clean Crop is scaling capacity and hiring to meet demand, including a workforce-development partnership with Springfield Technical Community College. The company plans to use new funds to engage additional contract manufacturing partners and expand on-site capacity, team size, and revenue at its seed tolling facility. Clean Corp Technologies, based in Holyoke, MA, has developed high-voltage catalyst technology that uses electricity to decarbonize how food is grown and kept safe and fresh. Its core technology is aimed at boosting yields, improving food safety, and reducing food waste across a broad range of categories including nuts, seeds, fruits, vegetables, meats, and seafood. Led by CEO Dan White and COO Daniel Cavanaugh, the company plans to continue scaling and commercializing the technology across the supply chain. Clean Corp raised $6M in a Series A to support those scaling and commercialization efforts. The round included both prior and new investors, reflecting continued investor interest in the technology. As part of the investment, Dan Fitzgerald of ReGen Ventures will join the company's board of directors. Clean Crop Technologies is a Northampton, Mass.-based agtech company that develops High Voltage Atmospheric Cold Plasma (HVACP) systems to reduce food waste and crop loss. The company is co-founded by Dan White and Dan Cavanaugh, who have a combined 25+ years of experience in agricultural supply chains. Clean Crop is building a proprietary ionized air generator designed to be energy efficient and to optimize treatment effect in processing environments. It intends to use the recently raised funds to accelerate development of its technology and expand technical and product development capacity on the team. Field tests are scheduled to begin in the U.S. later this year, with the company targeting commercial deployments in emerging markets and the U.S. starting in 2021. The company closed a $2.75M seed round to support these near-term development and deployment milestones.

  • Aclarity

    Participated · Seed · Aug 2019

    Aclarity develops Octa™ PFAS destruction systems that use proprietary electricity-driven technology to sever carbon–fluorine bonds and destroy persistent PFAS "forever chemicals." The company is led by founder and CEO Julie Bliss Mullen and is based in Mansfield, MA. It closed a $15.9m Series A funding round to support commercial expansion and continued innovation. The Series A was led by Aqualateral, with participation from HG Ventures, Bidra Innovation Ventures, Nor’easter Ventures, MassVentures, and Burnt Island Ventures. Aclarity positions its technology as an alternative to conventional PFAS removal and disposal methods—such as landfill disposal, incineration, and deep well injection—that can reintroduce concentrated PFAS into the environment. The company intends to use the proceeds to enter a new phase of commercial expansion and product development. Aclarity develops a proprietary electrochemical reactor that destroys PFAS and other contaminants by generating strong oxidants (free electrons, hydroxyl radicals, ozone and chlorine) inside a flow-through reactor, producing inert byproducts rather than transferring contaminants to filter media. The system treats multiple contaminants including PFAS, ammonia, cyanide, volatile organic compounds and pathogens and is sold as an alternative to capture-and-incinerate, deep-well injection or landfill disposal. Aclarity targets owners of centralized waste treatment facilities that process concentrated industrial wastewater and landfill leachate and completed its first commercial multi-reactor install in late 2021, processing 11 gallons per minute to destroy cyanide with an initial six-month payback. The company says its system costs roughly $6 per 1,000 gallons with an indicated payback around two years, versus customers currently paying about $60 per 1,000 gallons under existing approaches. Aclarity plans to double its team to 13 employees this year, complete two long-term pilots at customer sites and develop a model for a 2023 pilot, aiming to scale deployment of its technology amid a large market opportunity. Aclarity is a Springfield, MA–based cleantech company addressing global water crises with water purification devices. Its core patent-pending product, launched in Spring 2019, uses electricity to destroy harmful pathogens, metals, bacteria and other impurities for homes, offices and industrial facilities. The company began commercial sales in mid-2019 and is currently taking orders. Aclarity raised over $1m in pre-seed funding to accelerate its go-to-market strategy. It plans to use the capital to expand into new product lines and scale operational capacity. Since 2017 the company has participated in early technology commercialization training programs from local and national accelerators and received a National Science Foundation SBIR Phase I Grant.

  • Quatromoney by Pay4Education

    Participated · Seed · Jun 2019

    Pay4Education has built a decision platform that ingests a college award letter or tuition bill and projects true four-year costs, monthly affordability, and outcomes to help families evaluate college purchases. The product is aimed at consumers, financial advisors, college advisors, and institutions; several colleges are beta testing the platform with first-year populations this summer. Founders include CEO Patrick Kandianis, a fintech veteran, and Colleen Krumwiede, a longtime financial aid administrator. The company says its platform mitigates mismanaged student debt and fills a void of actionable advisory tools. Pay4 (branded Pay4Education) is scheduled to launch in early July and plans to use new funding to accelerate product development and ramp up marketing of its family-focused platform. The company is built and operated in Western Massachusetts and works directly with families and schools to provide a clear understanding of all four years of costs up front.

Team

No current team members are available.