On this episode of The First Close, we interview Noramay Cadena and Shayna Harris, co-founders and managing partners of Supply Change Capital. Supply Change Capital invests in early-stage companies at the intersection of food, culture, and technology, and focuses on three verticals: food and ag tech; ingredient tech; and culturally appealing brands. They have invested in CulinaryFlo, Zero Grocery, Aqua Cultured Foods, Whetstone Media, AYO Foods, and Agua Bonita.
Supply Change Capital believes in a future of food that is sustainability mindful, supply-chain efficient, better for you, and culture-rich.
Noramay and Shayna met in 2009 at MIT while getting their MBAs. In 2020, they came together to form Supply Change Capital. Noramay and Shayna combine food-sector domain expertise with tech and investing experience. Noramay is an aerospace engineer turned investor. She previously launched an early-stage fund that invested in over 20 manufacturing and supply-chain companies.
Shayna Harris brings an insider’s eye to the industry, from architecting the 21st-century chocolate supply chain at Mars to building the groundbreaking food tech company Farmer’s Fridge. She advises Fortune 100 companies and startups on navigating the fast-changing food terrain, and writes for Forbes.
In our conversation, we discuss the partners’ approach to changing the food system through the lenses of sustainability, health, and diversity; how the partners leverage data and proprietary frameworks to constantly improve operations within the firm; and their approach to building community and professional networks.
Listen to our interview with Supply Change Capital by streaming The First Close on Apple Podcasts, Spotify, or wherever you get your podcasts.