Search company, investor...

Predict your next investment

Venture Capital
footprintcoalition.com

Investments

26

Portfolio Exits

2

Funds

2

About Footprint Coalition Ventures

Footprint Coalition Ventures is a venture capital firm based in Beverly Hills, California.

Headquarters Location

Beverly Hills, California, 90210,

United States

Are you an investor?
Submit your portfolio details now to be considered in our investor rankings.

Latest Footprint Coalition Ventures News

Cultured oil startup partners with restaurant chains

Oct 24, 2023

Photo: Zero Acre Farms SAN MATEO, CALIF. — Zero Acre Farms, a creator of cultured cooking oil, is partnering with Shake Shack and Hopdoddy Burger Bar to replace soybean oil in the fryers at a dozen restaurants. Zero Acre oil is produced by fermenting raw cane sugar in tanks over a few days, then pressed, purified and tested for quality, according to the company. The method uses 99% less water than olive oil and 87% less land than canola oil, per Zero Acre Farms. The oil has a high smoke point and high oxidative stability, with more monounsaturated fat than olive oil and avocado oil, according to the company. Shake Shack in September began testing Zero Acre oil at two of its locations in New York City to prepare crinkle cut fries, vegetable burgers, chicken sandwiches and more. “Like many food businesses, our menu items depend on the natural environment so we can continue serving guests the food they love,” said Jeffrey Amoscato, senior vice president of supply chain and menu innovation at Shake Shack. “It’s why we are continuously exploring new ways to reduce our environmental footprint, including partnerships with companies like Zero Acre who are creating sustainable food solutions. We remain committed to exploring initiatives that help us become a more sustainable business including the reduction of waste across operations, and collaborating with farmers, and suppliers on a regular basis.” Hopdoddy Burger Bar, based in Austin, Texas, will use Zero Acre oil at all 10 locations in Austin, San Antonio and San Marcos, Texas, as part of its pledge to eliminate seed oil from its restaurants nationwide. Menu items using Zero Acre oil include french fries, loaded brussels sprouts, chicken tenders and the Nashville hot chicken sandwich. “Our guests have been asking us to go seed oil-free, and Hopdoddy listened,” said Chef Matt Schweitzer, vice president of innovation at Hopdoddy. “We found that Zero Acre was the best fit for us, as it has a neutral, clean taste that improves the flavor of our product. It offers a high level of healthy fats while also being immensely better for our planet. We're really proud that this change falls right in line with our mission to serve high quality food that leaves the planet better than we found it. We hope Hopdoddy can be an example to other brands and lead the charge to more fully leverage products like Zero Acre in foodservice in the near future.” Founded in 2020, Zero Acre Farms is backed by a group of investors and chefs including Lowercarbon Capital, Fifty Years, S2G Ventures, Collaborative Fund, Virgin Group, Chipotle's Cultivate Next Fund, Robert Downey Jr.'s FootPrint Coalition Ventures and others. Enjoying this content? Learn about more disruptive startups on the Food Entrepreneur page.

Footprint Coalition Ventures Investments

26 Investments

Footprint Coalition Ventures has made 26 investments. Their latest investment was in Lyten as part of their Series B on September 9, 2023.

CBI Logo

Footprint Coalition Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/12/2023

Series B

Lyten

$200M

Yes

4

6/6/2023

Series E

Ecovative

$30M

Yes

8

5/17/2023

Series A

Alloy Enterprises

$29.2M

Yes

4

12/8/2022

Series D - II

Subscribe to see more

$99M

Subscribe to see more

10

11/1/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

9/12/2023

6/6/2023

5/17/2023

12/8/2022

11/1/2022

Round

Series B

Series E

Series A

Series D - II

Seed VC

Company

Lyten

Ecovative

Alloy Enterprises

Subscribe to see more

Subscribe to see more

Amount

$200M

$30M

$29.2M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

4

8

4

10

10

Footprint Coalition Ventures Portfolio Exits

2 Portfolio Exits

Footprint Coalition Ventures has 2 portfolio exits. Their latest portfolio exit was Nexus Circular on January 03, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/3/2023

Corporate Majority

$99M

3

8/18/2021

Acq - Pending

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/3/2023

8/18/2021

Exit

Corporate Majority

Acq - Pending

Companies

Subscribe to see more

Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

3

10

Footprint Coalition Ventures Fund History

2 Fund Histories

Footprint Coalition Ventures has 2 funds, including Footprint Coalition Ventures Series SPV - Cloud Paper Seed 2020.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/3/2020

Footprint Coalition Ventures Series SPV - Cloud Paper Seed 2020

$0.21M

1

6/26/2020

Footprint Coalition Ventures Series SPV, LP - RWDC Series B

$99M

10

Closing Date

8/3/2020

6/26/2020

Fund

Footprint Coalition Ventures Series SPV - Cloud Paper Seed 2020

Footprint Coalition Ventures Series SPV, LP - RWDC Series B

Fund Type

Status

Amount

$0.21M

$99M

Sources

1

10

Footprint Coalition Ventures Team

1 Team Member

Footprint Coalition Ventures has 1 team member, including current Founder, Robert Downey, Jr..

Name

Work History

Title

Status

Robert Downey, Jr.

Founder

Current

Name

Robert Downey, Jr.

Work History

Title

Founder

Status

Current

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.