Latina-led venture capital firm Supply Change Capital has announced the close of its inaugural $40 million fund to invest in the future of food. Investing in food, culture, and tech Supply Change Capital, one of the largest Latina-led funds, invests at the intersection of food, culture, and technology to catalyze early-stage sustainable businesses that modernize the food system. The firm has deployed over $13 million across 15 early-stage food and agriculture technology companies since June 2021, with Latine, Black, and/or women founders and CEOs comprising 80% of the portfolio. Limited
The Black-owned Nourish + Bloom Market is about to disrupt traditional grocery stores as it becomes the first minority-owned autonomous grocery store in the US. It’s set to open on December 17th in Fayetteville, Georgia, featuring “frictionless shopping.” This means that customers will be able to walk in, grab what they need, and leave without waiting in line or stopping to scan and pay, especially helpful in this “new normal” post-pandemic world. They will simply have to scan a QR Code from Nourish + Bloom’s app that connects to their digital wallet
