Chris Kerr of Unovis Asset Managers / New Crop Capital joins Elysabeth Alfano on The Plantbased Business Hour. Chris has invested behind all the biggies including Beyond Meat, Miyoko’s, Alpha Foods, Kite Hill, Purple Carrot. Now, he lets us in on a secret: what’s NEXT!
Unovis Asset Management Closes Oversubscribed €146M Fund
Alt-protein-focused venture capital firm Unovis Asset Management has closed an oversubscribed €146 million ($166 million) second fund. Participants included Fuji Oil, Credit Suisse, and Invest-NL. Known simply as Fund II, the fund is over times as large as Unovis’ previous $45 million fund New Crop Capital Trust. Some of the companies this capital was deployed to, such as Beyond Meat and Oatly, are no longer part of Unovis’ portfolio following their IPOs. So far, Unovis Asset Management has invested in 63 companies, with an average deal size of $14.95 million. With the new capital secured, the firm intends to expand its portfolio of alt-protein companies and support R&D between portfolio brands. “Humanity needs a revolutionary approach” Unovis Chief Investment Officer Chris Kerr commented in a …