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Veg Capital

Europe, Leicestershire, United Kingdom, Loughborough

Description

Veg Capital is a specialized venture capital firm based in Loughborough, United Kingdom, dedicated to accelerating the transition to a more sustainable and ethical food system. Established in 2020, the firm exclusively invests in early-stage companies that are actively working to replace the use of animals in the food supply chain. This includes a broad spectrum of innovations such as plant-based alternatives, cultivated meat technologies, and precision fermentation solutions. Their investment thesis is deeply rooted in a mission to foster a world free from animal exploitation, aligning financial returns with significant positive environmental and ethical impact.

The firm primarily targets pre-seed and seed-stage companies, providing crucial capital to help these nascent businesses scale their operations and bring their innovative products to market. Veg Capital typically deploys first cheques ranging from approximately $63,500 to $317,500 (equivalent to £50,000 to £250,000), though they have the capacity to invest up to $635,000 in exceptional cases. This strategic capital injection is often accompanied by mentorship and network access, supporting founders in navigating the challenges of a rapidly evolving industry. Their portfolio boasts over 50 investments, reflecting their active participation in the alternative protein space.

A distinctive aspect of Veg Capital's model is its commitment to philanthropy. Uniquely, the firm pledges to donate 100% of its profits and returns to animal charities. This innovative structure ensures that every successful investment not only generates financial returns but also directly contributes to the welfare of animals, reinforcing their core mission. By combining venture capital principles with a strong ethical foundation, Veg Capital serves as a pivotal player in fostering the growth of the global plant-based and alternative protein economy, driving both financial and social returns.

Investor Profile

Veg Capital has backed more than 22 startups, with 0 new investments in the last 12 months alone. The firm has led 11 rounds, about 50% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Equity Crowdfunding, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United Kingdom, Sweden, Brazil.
  • Strong thematic focus on Food and Beverage, Food Processing, Plant-Based Foods.
  • Typical check size: $63.5K – $317.5K.

Stage Focus

  • Seed (68%)
  • Equity Crowdfunding (18%)
  • Series Unknown (9%)
  • Pre Seed (5%)

Country Focus

  • United Kingdom (73%)
  • Sweden (9%)
  • Brazil (9%)
  • United States (5%)
  • Spain (5%)

Industry Focus

  • Food And Beverage
  • Food Processing
  • Plant-based Foods
  • Organic Food
  • Alternative Protein
  • Retail
  • E-commerce
  • Biotechnology
  • Restaurants
  • Meat And Poultry
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Veg Capital frequently co-invest with?

CF
North America, New York, United States, New York
Co-Investments: 1
Leap Venture Studio
North America, California, United States, Los Angeles
Co-Investments: 1
KU
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 4
SP
Europe, Zeeland, The Netherlands, Kruiningen
Co-Investments: 1
Accel
North America, California, United States, Palo Alto
Co-Investments: 1
Co-Investments: 1
ProVeg Incubator
Europe, Berlin, Germany, Berlin
Co-Investments: 2
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 1
18.ventures
North America, California, United States, San Francisco
Co-Investments: 1
JR
Europe, England, United Kingdom, London
Co-Investments: 2

Which angels does Veg Capital often collaborate with?

DB
Europe, Berlin, Germany, Berlin
Shared Deals: 1
AR
North America, Colorado, United States
Shared Deals: 1
SN
North America, California, United States, San Francisco
Shared Deals: 1
AA
Europe, Vaud, Switzerland, Lausanne
Shared Deals: 1
AE
North America, California, United States, San Francisco
Shared Deals: 1
SD
Europe, England, United Kingdom
Shared Deals: 1
VB
Europe, Ile-de-France, France, Paris
Shared Deals: 1
RB
North America, California, United States
Shared Deals: 1
LG
Europe, Newcastle upon Tyne, United Kingdom
Shared Deals: 1
AP
Europe, England, United Kingdom, London
Shared Deals: 1

What are some of recent deals done by Veg Capital?

SHICKEN Foods

Dartford, Kent, United Kingdom

Plant-based chicken manufacturer

Food and BeverageFood ProcessingMeat and PoultryPlant-Based Foods
SeedMar 26, 2024
Amount Raised: $5,051,187
VFC Foods

York, York, United Kingdom

VFC Foods is a vegan food producer that provides fresh plant-based protein foods.

Alternative ProteinFood ProcessingPlant-Based Foods
SeedApr 20, 2023
Amount Raised: $7,464,506
Super Vegan

São Paulo, Sao Paulo, Brazil

Super Vegan specialized in chocolates, cream chocolates, veganism, and beantobar.

ConfectioneryFood and BeverageFood Delivery
SeedMar 1, 2023
Amount Raised: $212,368
The Pack

London, England, United Kingdom

The Pack is an e-commerce platform that offers a wide range of wet and dry food products for animals.

Animal FeedE-CommercePetRetail
SeedDec 21, 2022
Amount Raised: $1,008,377
GROUNDED

London, England, United Kingdom

GROUNDED is a food and beverages company.

Food and BeverageFood ProcessingOrganic FoodSustainability
SeedDec 9, 2022
SpiceBox

Walthamstow, Waltham Forest, United Kingdom

Spicebox produces fully vegan dishes using the same ingredients and recipes as used in the London restaurants.

Food DeliveryOrganic FoodRestaurants
Series UnknownJul 8, 2022
Convi Foods

Piracicaba, Sao Paulo, Brazil

Convi Foods is a food processing company.

Food and Beverage
Equity CrowdfundingJun 23, 2022
Amount Raised: $286,287
Honestly Tasty

London, England, United Kingdom

Honestly Tasty is a producer and provider of plant-based cheese alternatives.

E-CommerceFood and BeverageManufacturingOrganic FoodRetail
Equity CrowdfundingJun 22, 2022
Amount Raised: $886,371
SHICKEN Foods

Dartford, Kent, United Kingdom

Plant-based chicken manufacturer

Food and BeverageFood ProcessingMeat and PoultryPlant-Based Foods
SeedMar 30, 2022
Amount Raised: $2,627,475
MeliBio

Oakland, California, United States

MeliBio is a technology-based company focusing on plant biology, precision fermentation, and food science.

BiotechnologyFood and BeverageNutrition
SeedMar 17, 2022
Amount Raised: $5,700,000