Joyful Ventures Launches $23M Venture Fund
Joyful Ventures announces the launch of a $23M venture fund aimed at promoting climate solutions with sustainable protein and food technology. The new company, led by partners Milo Runkle, Jennifer Stojkovic, and Blaine Vess, has closed $23M of its $25M fund and plans to focus on pre-seed and seed-stage startups in the alt-protein sector including plant-based, precision fermentation, mycoprotein, molecular agriculture, and cultivated technologies. It will also place a strong emphasis on B2B opportunities, the company states. Joyful Ventures’ leadership team comprises Runkle, founder of Mercy For Animals and co-founder of New Crop Capital and The Good Food Institute; Stojkovic, founder of VWS; and Vess, an entrepreneur and investor who has backed over fifty early-stage companies. “We believe that the global movement toward food transformation …