Chicago's S2G Ventures, a food and agriculture-focused VC firm, is planning to invest $100 million in seafood startups and other ocean ventures.
S2G Ventures announced Tuesday that it has launched a new Oceans and Seafood investment team and will invest up to $100 million in startups working to improve the health of our oceans and create sustainable seafood.
The firm said it plans to back early, venture and growth-stage companies across the world, with a focus on seafood and alternative protein, supply chain innovation, traceability/transparency, and other ocean-focused endeavors.
The oceans and seafood investment team will be led by managing directors Kate Danaher and Larsen Mettler.
"Joining S2G and building out a new strategy in oceans is very exciting," Danaher said in a statement. "I am eager to be able to support some amazing entrepreneurs making real and necessary change in the oceans and seafood space."
Founded in 2015 with a $125 million fund, S2G Ventures is led by Chuck Templeton, the founder of OpenTable. S2G Ventures set out to back founders that are improving the health and sustainability of the food system, and counts Beyond Meat, sweetgreen and Chicago's Hazel Technologies among its portfolio companies. In 2017 it raised $180 million for its second fund.
Now with an increased focus on the ocean ecosystem, S2G Ventures says it plans to fund solutions to challenges that threaten the health of the world's waterways and expand the scope of food startups that it invests in.
