Supply Change Capital
Assembly Line
Cocoa-Tech Company Celleste Bio Closes $4.5M Seed Round to Scale Production of Cell Cultured Cocoa
Celleste Bio, an early-stage cocoa-tech company, announced the closing of a $4.5M seed financing round led by Supply Change Capital, with participation from Mondelēz International’s SnackFutures Ventures, Consensus Business Group, The Trendlines Group, Barrel Ventures and Regba Agriculture. Celleste will use the funding to accelerate R&D, infrastructure, and technological capabilities needed to pilot and scale production of its cell-cultured cocoa ingredients.
Celleste was founded in 2022 to meet the world’s rising demand for chocolate in the face of supply chain challenges created by climate change and outdated, conventional farming practices. Celleste uses a combination of AgTech, BioTech and AI computational models to grow 100% natural cocoa from one or two beans in optimal, controlled conditions, year-round.
Terrantic Closes $3.5M Seed Round to Help Food Processors Extend Shelf Life and Increase Production Yields
Terrantic, the data platform for modern operations, for the food supply chain, announced the close of its oversubscribed $3.5 million Seed round.
Supply Change Capital led the round, with participation from York IE and Vitalize VC as well as existing investors Array Ventures. Terrantic will invest the capital to continue helping food processing companies minimize food waste and improve yield by optimizing their supply chain operations and ensuring their products reach their destination at their best quality.