VERO BEACH, Florida., September 15, 2022 /PRNewswire/ — Clear Current Capital is thrilled to celebrate its fifth year pursuing its mission of financing early-stage companies, alternative proteins and food technology that generate strong returns and impact on the food system.
In 2017, the pioneers Curt Albright and Bruce Friedrich discussed how to transform the global food system and have a positive impact on the climate. Friedrich previously founded The Good Food Institute in 2016, and the conversation led Albright to form Clear Current Capital, LLC, the first impact VC in the alternative protein space.
To date, CCC has invested in sixteen alternative protein and food technology companies. “Initially,” says Albright, “CCC invested in strong teams and CPG brands that could meet consumer tastes, availability and price. As CCC has grown, these learnings and data have been implemented to advance both the CPG and Food Technology businesses to aggressively and successfully support the space. We need massive momentum and action to feed a growing population and protect the planet’s resources. Constant disturbances are necessary.
An example of this disruption is the recent announcement of Wicked Kitchen’s acquisition of CCC’s holding company, Good Catch, a veg space pioneer founded by brothers and chefs. Chad and Derek Sarno. “By integrating Good Catch’s plant-based seafood offerings into Wicked Kitchen’s North American footprint, we will have the industry’s widest variety of animal-free packaged consumer products available at over 30,000 distribution points,” said Pete SperanzaCEO of Wicked Kitchen.
Although the company was one of the first dedicated entrants to the alternative protein industry, this is just the beginning for CCC. “New opportunities to improve food system inefficiencies arise as the space adapts to shifts in consumer demand, generational headwinds and technological breakthroughs,” says Steve Molino, Director. “The industry is still in its infancy, so as new white space opportunities emerge, our dedicated investment approach allows us to act quickly, generating both impact and benefits. yields.
The company is focused on strengthening its impact and expects a final closing of Fund II in the fourth quarter of 2022.
Clear Current Capital is a focused impact venture capital firm whose mission is to reinvent food through sustainable investments in alternative proteins in early-stage companies such as plant-based foods, cultured meat, fermentation and enabling technologies in these categories.
For more information about Clear Current Capital, visit www.clearcurrentcapital.com.
SOURCE Clear current capital