Participated · Equity · Mar 2026

Cocuus develops industrial 3D printing systems and applications for alternative proteins, including plant-based, cell-based and hybrid meat products. The company has put in place industrial food-printing lines and has worked with large agrifood corporations on new applications. In public communications it highlights having produced early demonstrations such as 3D-printed steaks from meat cells. Cocuus plans to use new capital to expand into strategic international markets and to support partners in scaling printing processes to industrial levels. The company raised a €3 million bridge round with continued backing from investors like Cargill, Big Idea Ventures, Tech Transfer Agrifood and the CDTI. CEO Miguel Arbeloa has positioned the funding as preparing the company’s next growth phase, and the team received local recognition such as the Premio Alimenta Navarra 2023 for Innovation.

Participated · Equity · Nov 2024

TRACT provides a software platform that visualises end-to-end supply chains, connects supplier data, and delivers clear sustainability metrics across multiple commodity categories such as cocoa, coffee, corn and cotton. Originally created in collaboration with Archer Daniels Midland, Cargill, Louis Dreyfus Company and Olam Food Ingredients, the company now serves many of the world’s largest CPG brands and commodity traders, enabling them to map sourcing portfolios, monitor deforestation risk and track emissions. By turning complex agrifood data into actionable insights, TRACT supports sourcing leaders who face increasing regulatory and stakeholder pressure. The platform’s core value lies in integrating disparate data systems to reveal sourcing risks and resilience gaps. With its newly secured capital, TRACT plans to accelerate global expansion, deepen data-system integrations and onboard additional enterprise clients. Although specific revenue or user figures were not disclosed, the business is positioned for rapid growth as sustainability reporting requirements tighten worldwide.

Participated · Equity · Aug 2023

Bushel develops software tools that digitize, permission, and accelerate information, transactions, and payments across the agricultural supply chain. Its platform includes a flagship mobile app, websites, trading tools, digital payments, market feeds, API services, and farm management software. Key products and initiatives include Bushel Wallet for digital payments and Bushel Farm, a next-generation farm management software launched after the acquisition of FarmLogs in 2021. The Bushel Network comprises more than 100,000 farmers and 2,600 grain and ag retail locations and securely manages account-related data for more than 45% of farm-originated grain in the U.S. and Canada annually (an estimated 10 billion bushels). Enterprise customers such as Scoular, The Andersons Inc., and ADM use the platform, and the company is SOC 2 Type II compliant and processes debit transactions over PCI-certified networks. Bushel offers a software platform — including a mobile app, websites, trading tools, market feeds, API services and a custom software division — that connects growers, grain buyers, ag retailers, protein producers and food companies. The platform integrates with grain accounting systems, trading desks, farm management systems, insurance companies and market feeds to standardize and permission data across the supply chain. Monthly, 60,000 growers use Bushel’s products and nearly 2,000 grain buying locations across the U.S. and Canada rely on the platform; Bushel reports its platform reaches 40% of U.S. grain origination and $22 billion of grain is contracted annually within its ecosystem. Bushel plans to introduce payments, credit and trading offerings and increase data services to help consumer brands sustainably source commodities and accelerate current product offerings. The company emphasizes data security, ownership and transparency and positions itself as an independent integration hub to reduce manual processes and strengthen grower–agribusiness relationships. Bushel was founded in 2011, launched its platform in 2017, and is headquartered in Fargo, N.D. Bushel provides software technology solutions that integrate into grain elevator accounting systems and market feeds to deliver real-time account information directly to growers. Its elevator-branded apps power real-time scale tickets, contracts, commodity balances, futures, prepaids, cash bids, settlements, e-sign and contract management. The product suite also includes websites and market feeds and a custom software division focused on agriculture. Since launching in 2017, Bushel's software has powered 1,200+ grain facilities across the U.S. and Canada. The company intends to use new funds to accelerate offerings for the grain industry and broader agriculture supply chain, including technology and solutions to improve profitability and market access for growers and to enhance efficiency and insights for financial services and farm management companies. Planned work also includes linking in-season production data and sustainable practices with downstream traceability and enabling direct and local sourcing of grains and other crops. The company is led by co-founder and CEO Jake Joraanstad. Bushel offers a patent-pending, cloud-based platform delivered through business-branded mobile apps that gives growers real-time access to scale tickets, contract settlements, cash bids, pre-pays, e-signatures and contract management. The platform is powered by a proprietary translator developed by Myriad Mobile and includes an API and secure infrastructure to connect fragmented systems across the grain value chain. Since launching in June 2017, Bushel has expanded from ten pilot locations to more than 400 elevator and ethanol plant locations across the U.S. and Canada, and more than 20,000 growers have access to Bushel-powered apps. The company plans to use new funding to expand its reach, accelerate product roadmap and R&D, improve customer success, and evaluate strategic acquisition opportunities. Bushel is positioned as a free, grower-facing tool offered through trusted grain buyers and has been adopted by leading elevators, cooperatives and ethanol plants such as Landus Cooperative, Agtegra and Flint Hills Resources. Myriad Mobile’s custom software division will continue to provide ongoing strategy, design and development services for Bushel.

Participated · Equity · Jun 2023

Local Bounti uses a "Stack & Flow" approach that direct-seeds, raises young plants in vertical stacks, then transfers mature seedlings to automated greenhouse systems to complete growth on defined recipe schedules. The company emphasizes faster grow cycles, higher density in the early plant stage, and operational rigor drawn from a manufacturing mindset to improve unit economics versus pure vertical farms. Local Bounti conducts R&D on farming techniques and plant science to leverage the data-rich environment for faster iteration and scaling, and has recently rolled out ready-to-eat salads with product roadmap work guided by customer demand (including discussion of berries). The company has active expansion plans: completing an expanded Georgia facility toward the end of the year and constructing facilities in Washington state and Texas; it also operates locations in California and Montana. Financially, Local Bounti recently secured a $145 million investment from Cargill and others, and has used capital to kickstart new growing facilities. Leadership has recently changed with Anna Fabrega named CEO; she brings experience from Amazon and Freshly and emphasizes customer-driven innovation and careful investment discipline.

Led · Equity · Jun 2023

Nori operates an end-to-end carbon removal marketplace focused on enabling the purchase and sale of carbon removal credits and developing market-driven solutions to remove legacy CO2. The company says its mission is to reverse climate change by removing 1.5 trillion metric tonnes of legacy carbon dioxide from the atmosphere. Nori plans to scale its marketplace to support the sale of its largest-ever supply of carbon removal credits in collaboration with Bayer and to expand the carbon removal product offerings available on the platform. The announcement accompanies the appointment of Matt Trudeau as CEO and the transition of co-founding CEO Paul Gambill to Chief Product Officer. Trudeau is described as a digital markets and exchange veteran with experience in regulated financial markets, trading technology, exchanges, blockchain, and asset tokenization. Nori was founded in 2017 and is based in Seattle, Washington; the company has raised a total of $17.25M to date. Nori operates a marketplace that pays farmers for carbon removal via regenerative soil sequestration, issuing tokenized Nori Carbon Removal Tonnes (NRTs) that represent one tonne of CO2 removed for a minimum of 10 years. The company has a proof-of-concept in place and is expanding its carbon-removal methodologies and marketplace features while preparing to launch the NORI token. To date Nori works with around 10 farms, has distributed about $1 million to farmers and recorded roughly 2,200 buyer transactions. It retires any NRT purchased to prevent resale, offers a 10-year warranty requiring periodic re-verification by suppliers, and pays farmers in NORI tokens that vest over time with clawback provisions for verified carbon loss. Nori is also migrating its on-chain registry from Ethereum to Polygon to reduce energy use and transaction costs. Nori issues blockchain-backed tokens, each representing one ton of sequestered CO2, to address double-counting in carbon markets. The company operates an e-commerce front end where individuals and businesses can buy Nori tokens to offset purchases and already counts Shopify as a customer. Nori separates the carbon certificate from payment by using its token as the payment unit while allowing the token price to fluctuate with supply and demand. The platform plans trading mechanisms and exchange listings for its token, and intends to run auctions in its application in the future. Nori positions itself as an API for carbon removal that can integrate into other platforms and applications. It is collaborating with Comet Farm, a USDA greenhouse gas accounting and reporting system, on emissions reductions accounting. Nori operates a blockchain-based marketplace that issues cryptocurrency tokens to let corporations, governments and individuals fund carbon-dioxide removal. The platform pays farmers to adopt sustainable farming techniques that increase microbes in topsoil, which store CO2 in the ground. Nori launched its marketplace late last year and currently runs on cash and credit payments, with plans to begin selling its tokens this quarter. The company charges a transaction fee to funders and ties each token to the market price for one ton of carbon removal (currently about $15). Nori raised $1.3 million in a pre-seed round via Simple Agreements for Future Tokens (SAFTs) and says that cash will fund operations through the middle of the year. It plans to raise an additional $5 million from venture capital firms to expand its 10-person team. Nori is a graduate of the Techstars Sustainability Accelerator; CEO Paul Gambill co-founded the company with Christoph Jospe, and Klaus Lackner sits on the board.