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Unovis Asset Management

North America, New York, United States, New York

Description

Unovis Asset Management, operating as Unovis Partners, is a pioneering venture capital firm based in New York, dedicated to fostering innovation within the alternative protein sector. Established in 2018, the firm exclusively targets companies developing plant-based and cultivated replacements for traditional animal products. Their strategic focus underscores a commitment to addressing global food system challenges, promoting sustainability, and meeting the growing consumer demand for ethical and environmentally conscious food options. Unovis has quickly positioned itself as a key player in this specialized and rapidly evolving market.

The firm's investment strategy primarily targets early-stage companies, typically engaging in seed and Series A rounds. Unovis Partners is known for its hands-on approach, often partnering with founders to provide not just capital but also strategic guidance and industry expertise. A significant milestone for the firm was the closing of its second fund, Unovis Partners Fund II, LP, which secured $45 million in 2022, surpassing its initial target. This followed their successful first fund, Unovis Partners Fund I, LP, which closed at $25 million in 2020. These funds enable Unovis to deploy substantial capital into promising ventures.

Unovis Partners typically writes initial checks ranging from $500,000 to $2 million, as confirmed by managing partner Chris Kerr, reflecting their focus on providing crucial early-stage capital. To date, Unovis has made over 40 investments in companies that are at the forefront of developing innovative solutions in the alternative protein space. Their portfolio includes a diverse range of companies working on everything from novel ingredient technologies to consumer-facing plant-based brands and cellular agriculture advancements. Through its targeted investments and deep industry knowledge, Unovis Asset Management plays a vital role in accelerating the growth and commercialization of the next generation of sustainable food products.

Investor Profile

Unovis Asset Management has backed more than 39 startups, with 1 new investments in the last 12 months alone. The firm has led 7 rounds, about 18% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Israel, Spain.
  • Strong thematic focus on Food and Beverage, Food Processing, Alternative Protein.
  • Typical check size: $500K – $2M.

Stage Focus

  • Seed (38%)
  • Series A (28%)
  • Series B (23%)
  • Series Unknown (5%)
  • Series C (3%)
  • Pre Seed (3%)

Country Focus

  • United States (54%)
  • Israel (13%)
  • Spain (10%)
  • The Netherlands (10%)
  • Indonesia (5%)
  • Canada (3%)
  • China (3%)
  • India (3%)

Industry Focus

  • Food And Beverage
  • Food Processing
  • Alternative Protein
  • Nutrition
  • Plant-based Foods
  • Biotechnology
  • Organic Food
  • Consumer Goods
  • Sustainability
  • Manufacturing
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Unovis Asset Management frequently co-invest with?

Teja Ventures
Asia, Jakarta Raya, Indonesia, Jakarta
Co-Investments: 2
AgFunder
North America, California, United States, San Francisco
Co-Investments: 5
SOSV
North America, New Jersey, United States, Princeton
Co-Investments: 4
New Crop Capital
North America, New York, United States, New York
Co-Investments: 6
KBW Ventures
North America, California, United States, San Mateo
Co-Investments: 2
CPT Capital
Europe, England, United Kingdom, London
Co-Investments: 6
Fifty Years
North America, California, United States, San Francisco
Co-Investments: 2
Clear Current Capital
North America, Florida, United States, Vero Beach
Co-Investments: 5
Blue Horizon Corporation
Europe, Zurich, Switzerland, Zürich
Co-Investments: 3
Stray Dog Capital
North America, Kansas, United States, Leawood
Co-Investments: 4

Which angels does Unovis Asset Management often collaborate with?

David Barber
North America, New York, United States
Shared Deals: 1
RB
North America, Virgin Islands, United States
Shared Deals: 1
SN
North America, California, United States, San Francisco
Shared Deals: 1
BG
North America, Washington, United States, Seattle
Shared Deals: 1
KL
North America, California, United States, Los Angeles
Shared Deals: 1
GA
North America, Illinois, United States, Chicago
Shared Deals: 1
MB
Europe, Cambridgeshire, United Kingdom, Cambridge
Shared Deals: 1
Michal Klar
Oceania, Canterbury, New Zealand, Christchurch
Shared Deals: 1
EK
Asia, Kuala Lumpur, Malaysia
Shared Deals: 1
KM
North America, Colorado, United States, Denver
Shared Deals: 1

What are some of recent deals done by Unovis Asset Management?

NOVAMEAT

Barcelona, Catalonia, Spain

NOVAMEAT develops cutting-edge technological solutions to feed the planet’s growing population with plant-based foods.

Alternative ProteinFood and BeverageFood ProcessingPlant-Based Foods
Series ASep 12, 2024
Amount Raised: $19,277,557
Heura Foods

Barcelona, Catalonia, Spain

Heura Foods is a plant-based startup that produces sustainable and nutritious plant-based meat products.

Alternative ProteinFood and BeverageFood ProcessingSustainability
Series BFeb 6, 2024
Amount Raised: $43,028,427
Paragon Pure

Princeton, New Jersey, United States

Paragon Pure has developed a plant-based structured fat from rice bran.

Food and BeverageFood ProcessingRestaurants
SeedSep 15, 2023
Amount Raised: $3,900,000
Dao Foods

Toronto, Ontario, Canada

Dao Foods is an impact investment firm that aims to help entrepreneurs develop plant-based meat and alternative protein products.

Alternative Protein
Pre SeedJan 1, 2023
Black Sheep Foods

San Francisco, California, United States

Black Sheep Foods is a plant-based meat company that produces animal meats for the lamb alternative.

Alternative ProteinFood and BeverageNutritionOrganic Food
Series ADec 8, 2022
Amount Raised: $12,300,000
Heura Foods

Barcelona, Catalonia, Spain

Heura Foods is a plant-based startup that produces sustainable and nutritious plant-based meat products.

Alternative ProteinFood and BeverageFood ProcessingSustainability
Series BOct 25, 2022
Amount Raised: $19,924,308
Paragon Pure

Princeton, New Jersey, United States

Paragon Pure has developed a plant-based structured fat from rice bran.

Food and BeverageFood ProcessingRestaurants
SeedJul 27, 2022
Amount Raised: $3,900,000
Green Rebel Foods

Kedoya Selatan, Jakarta Raya, Indonesia

Green Rebel Foods is a manufacturer of whole-cut plant-based meats.

Alternative ProteinConsumer GoodsFood and BeverageFood Processing
SeedMar 30, 2022
Amount Raised: $7,000,000
NOVAMEAT

Barcelona, Catalonia, Spain

NOVAMEAT develops cutting-edge technological solutions to feed the planet’s growing population with plant-based foods.

Alternative ProteinFood and BeverageFood ProcessingPlant-Based Foods
SeedFeb 18, 2022
Amount Raised: $5,966,722
Tender Food

Somerville, Massachusetts, United States

Tender Food is a food technology startup that creates alternative meats that replicate the texture, taste, and consistency of real meat.

Alternative ProteinFood and BeverageFood ProcessingNutrition
SeedFeb 15, 2022
Amount Raised: $12,000,000