New Protein Capital

New Protein Capital is a venture capital investor in food and agriculture technology, and its website now carries the name Clay Capital. It has invested in the sector since 2014 and backs companies from seed through to Series C across Europe and Asia. The firm looks for strong intellectual property, scientific rigour and solutions that can be applied globally.

What New Protein Capital does

• Seed to Series C funding: early-stage rounds with follow-on investment as companies grow.
• Alternative protein: backing cultivated meat and plant-based protein makers.
• Food ingredients and biotech: companies turning microbes, mycelium or waste streams into ingredients.
• Farming technology: tools such as digitised rice farming and chemical-free weed control.
• Food supply chains: businesses reshaping urban food service and packaging.

Who it works with

Named portfolio companies include Aleph Farms, MiAlgae, Eratani, Abolis Biotechnologies, In Ovo, Collectiv Food, Infinite Roots and Cook-e.

Key facts

• Investing since: 2014
• Regions: Europe and Asia
• Current name: Clay Capital