
Unovis Asset Management
Description
Unovis Asset Management, operating as Unovis Partners, is a pioneering venture capital firm based in New York, dedicated to fostering innovation within the alternative protein sector. Established in 2018, the firm exclusively targets companies developing plant-based and cultivated replacements for traditional animal products. Their strategic focus underscores a commitment to addressing global food system challenges, promoting sustainability, and meeting the growing consumer demand for ethical and environmentally conscious food options. Unovis has quickly positioned itself as a key player in this specialized and rapidly evolving market.
The firm's investment strategy primarily targets early-stage companies, typically engaging in seed and Series A rounds. Unovis Partners is known for its hands-on approach, often partnering with founders to provide not just capital but also strategic guidance and industry expertise. A significant milestone for the firm was the closing of its second fund, Unovis Partners Fund II, LP, which secured $45 million in 2022, surpassing its initial target. This followed their successful first fund, Unovis Partners Fund I, LP, which closed at $25 million in 2020. These funds enable Unovis to deploy substantial capital into promising ventures.
Unovis Partners typically writes initial checks ranging from $500,000 to $2 million, as confirmed by managing partner Chris Kerr, reflecting their focus on providing crucial early-stage capital. To date, Unovis has made over 40 investments in companies that are at the forefront of developing innovative solutions in the alternative protein space. Their portfolio includes a diverse range of companies working on everything from novel ingredient technologies to consumer-facing plant-based brands and cellular agriculture advancements. Through its targeted investments and deep industry knowledge, Unovis Asset Management plays a vital role in accelerating the growth and commercialization of the next generation of sustainable food products.
Investor Profile
Unovis Asset Management has backed more than 39 startups, with 1 new investments in the last 12 months alone. The firm has led 7 rounds, about 18% of its total and boasts 4 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United States, Israel, Spain.
- Strong thematic focus on Food and Beverage, Food Processing, Alternative Protein.
- Typical check size: $500K – $2M.
Stage Focus
- Seed (38%)
- Series A (28%)
- Series B (23%)
- Series Unknown (5%)
- Series C (3%)
- Pre Seed (3%)
Country Focus
- United States (54%)
- Israel (13%)
- Spain (10%)
- The Netherlands (10%)
- Indonesia (5%)
- Canada (3%)
- China (3%)
- India (3%)
Industry Focus
- Food And Beverage
- Food Processing
- Alternative Protein
- Nutrition
- Plant-based Foods
- Biotechnology
- Organic Food
- Consumer Goods
- Sustainability
- Manufacturing
Frequently Asked Questions
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