LOS ANGELES — Supply Change Capital has closed on its inaugural $40 million fund.

The venture capital firm, founded by Noramay Cadena and Shayna Harris, invests in areas such as deep tech food, agriculture and ingredient companies, supply chain technology, and enterprise software.

The company has deployed more than $13 million across 15 early-stage food and agriculture technology companies since June 2021, according to the company.

“From our intersectional set of investors to our robust portfolio, we’ve seated a venture firm platform that can endure and thrive,” Ms. Cadena said. “Ultimately, each LP, founder, and stakeholder in our community understands the same thing we do, we are on the precipice of a transformative change at the intersection of food, culture, and technology.”

Limited partners in Supply Change Capital include 301 INC, MassMutual through its First Fund Initiative, the Office of the Illinois Treasurer through the Illinois Growth and Innovation Fund, Bank of America, Illumen Capital's Catalyst Fund, and J.P. Morgan Asset Management. 

“Supply Change Capital represents the future of food and the venture industry,” said Johnny Tran, managing director, 301 INC, the venture capital arm of General Mills. “As a leading investment firm in early-stage food and agriculture technology companies, Supply Change Capital has a pulse on the cultural, demographic, and sustainability shifts needed to usher in the next wave of groundbreaking innovations for our industry.”

Ms. Cadena and Ms. Harris met at MIT Sloan in 2009. Ms. Cadena is a mechanical engineer who brought space programs to market at Boeing and turned to venture capital in 2015. Ms. Harris is a food industry expert with c-suite executive leadership and strategy experience in fast-growth food and software startups.

“Supply Change Capital invests in the technologies that underpin a more resilient food system,” Ms. Harris said. 

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