Deal Announcement: Remilk

CHRYSTAL CAPITAL INTRODUCES FO AND UHNWI CO-INVESTORS INTO A SECONDARY PLACING OF REMILK, ALONGSIDE RAGE CAPITAL

Chrystal Capital Partners LLP (“Chrystal”), a Mayfair-based corporate finance and investment house, is pleased to announce that it has brought members of its family office and UHNWI network into Remilk, a leading precision fermentation company crafting real dairy without a single cow. The investment will be managed by Rage Capital.

“Our co-investment and secondary platform is based on the ability to source and work closely with top tier GPs globally.  This is demonstrated by this latest transaction with Rage Capital who have a demonstrable track record in the alternative proteins space.  I would encourage investors who are open to the idea of having a strong GP alongside them and who want global access to deal flow to come forward to speak to the Chrystal Capital team.”

— James Innes, Managing Partner, Chrystal rce

About Remilk

Remilk is a precision fermentation company that modifies yeast microorganisms to synthesize the proteins found in cow's milk, primarily whey and casein - unlocking the $800B+ dairy market. Precision fermentation is the process of genetically engineering microorganisms (in this case, yeast strains) to stimulate them to produce pure molecules, as has been done in pharma for decades.

Dairy crafted Remilk’s way is a breath of fresh air, with its production process emitting up to 97% less greenhouse gases! It also requires an estimate of around 1% of the land, 4% of the feedstock and less than 10% of the water compared to traditional dairy production - with zero animals harmed.

Remilk has achieved best-in-class yeast titers (or yield) within less than 3 years, a tremendous feat that is further corroborated by customers' positive reviews of the company's proteins.

For more information, see www.remilk.com.

About Chrystal Capital

Chrystal Capital is a corporate finance and investment house with an established global network of Single Family Offices, Ultra High Net Worth Individuals and private equity co-investment partners. We act as a conduit between our network members, providing bespoke solutions for their capital and investment objectives.

For more information, see www.chrystalcapital.com.

About Rage Capital

Rage Capital is a specialist venture capital firm based in New York, investing in cutting edge technology to change the way we eat, live and interact with our planet. Other investments in its portfolio include Blue Nalu, Motif, Ripple, Reef, Future Farm and Splendid Spoon.

For more information, see www.rage-capital.com.

For further information please contact:

James Innes Managing Partner

james.innes@chrystalcapital.com

https://www.chrystalcapital.com

Deal Announcement: Change Agronomy

Chrystal Capital acts as exclusive advisor to Change Agronomy on £9.6m fundraise

Chrystal Capital Partners LLP (“Chrystal Capital”), is an entrepreneurial corporate finance and investment house with an established global network of Single Family Offices (SFOs), Ultra High Net Worth Individuals (UHNWIs) and private equity co-investment partners. Chrystal Capital’s core sector focus are, Health & Wellness, Sustainable & Impact Investments and Digital Economy. Chrystal Capital is pleased to announce that it has acted as exclusive financial advisor to Change Agronomy Limited (“Change Agronomy” or “the Company”), an integrated sustainable industrial hemp company, on its £9.6m capital raise via an issue of £7.0m of equity and £2.6m of debt.  

Change Agronomy will use the capital to roll out its whole plant usage industrial hemp hubs geographically to provide multiple blue chip companies with consistent access to sustainable hemp biomass. The raw material can be used in thousands of different products across multiple sectors that are all trying to move towards greener and more sustainable products given the significant environmental, legislation and consumer pressures. From sustainable pulp packaging, to bioplastics to plant based protein and green construction, hemp will become one of the world’s best and most effective solutions in the global drive towards carbon net zero and a circular economy. Furthermore, with each acre of hemp capturing c.10 tons of carbon in a 120 day grow cycle, the Company is putting in place the necessary frameworks to capture and track the unique carbon sequester characteristics of the hemp plant. This will position Change Agronomy to monetise the associated carbon credits on the global voluntary carbon markets where demand for carbon offsets continues to grow exponentially. 

Combining significant IP, superior hemp genetics, large scale cultivation, having already grown in excess of 10,000 acres, a fully built hemp decortication processing facility and significant blue chip customer traction, Change Agronomy is well positioned to scale globally to be a leading player in the global industrial hemp market that is forecast to reach $18.6bn p.a. by 2027. The focus is now to replicate the highly successful industrial hemp hub model developed in Manitoba, Canada, and roll out new industrial hemp hubs across North American, Europe and Africa, initially to provide large scale supply of multiple end hemp plant fractions to cater to the growing demand for high quality consistent biomass supply. Simultaneously the strategy is to vertically integrate into multiple end market hemp based products to further capture the value chain and drive shareholder value. 

“Our family offices are increasingly focused on sustainable investing and financing companies that can be part of the solution to achieve carbon net zero. Change Agronomy sits squarely in those investment cross hairs and as such we were able to deliver our client an oversubscribed financing to allow the Company to accelerate its plans for 2022. We wish Shawn Babcock and the team great success in helping solve one of the world’s most pressing issues with a strong solution that is long overdue”

— Kingsley Wilson, Partner at Chrystal Capital

“We believe hemp products will play a critical role in the circular economy and the global drive towards achieving carbon net zero. Over the past few years we have built and scaled a business that we believe will be a market leader in the large and growing global industrial hemp market as numerous companies look for more sustainable solutions for their products. The ability for hemp to extract up to 10 tonnes of carbon from the atmosphere per acre also means that we will be in a very strong position to be a major supplier of carbon credits to the voluntary carbon markets. We are delighted that Chrystal Capital has been able to not only raise more capital than we had initially been seeking, but also to bring a number of highly strategic family office and corporate investors that both share our sustainable vision for hemp, and will be instrumental in helping us deliver it”

— Shawn Babcock, CEO of Change Agronomy

About Chrystal Capital Sustainability  
 

Chrystal Capital Sustainability focuses on global thematic sustainable and impact investment trends that are being driven by governments, corporations and consumers increasing need to address the move to carbon net zero by 2050. This will be one of the most important and lucrative global secular investment trends over the next decade. Family offices and High Net Worth Individuals are increasingly allocating capital to this developing investment trend. Chrystal Capital is focused on finding, vetting and presenting the best emerging companies that will both help solve the impending crisis and simultaneously deliver significant shareholder returns. Our core areas of expertise in sustainability include: Industrial Hemp, Renewable Energy, Sustainable Transport, Sustainable Food & Agriculture, and Waste & Materials.  

About Change Agronomy   
 

Change Agronomy is a vertically integrated sustainable industrial hemp business that combines world-class genetics with leading agronomic techniques and infrastructure to provide full-service industrial hemp products to multiple global end markets. 

Bringing scale to an important sustainability sector, our vision is committed to a low net-zero future. We aim to become the leading sustainable low-cost producer of hemp products that utilize the whole plant while simultaneously capturing and supplying carbon credits to the growing number of companies globally looking for carbon offset solutions. Harnessing hemp’s potential, we can contribute to solving multiple greenhouse gas emissions, waste, and pollution issues. With a focus on profitable growth, we are driving measurable solutions to climate change. https://www.changeag.com/  

For further information please contact:
Kingsley Wilson
Investment Partner

kingsley.wilson@chrystalcapital.com
https://www.chrystalcapital.com

Deal Announcement: The Every Company (formally Clara Foods)

Chrystal Capital introduces FO and UHNWI co-investors into the $175m Series C financing of The Every Company (formally Clara Foods), alongside Rage Capital

Chrystal Capital Partners LLP (“Chrystal”), a Mayfair-based corporate finance and investment house, is pleased to announce that it has brought co-investors from its family office and UHNWI network into The EVERY Company, a leading precision fermentation platform accelerating a global transition to animal-free protein. The round was co-led by new investor, McWin, and existing investor, Rage Capital. Other new and existing investors joined the round including Temasek, Grosvenor’s Wheatsheaf Group, and TO Ventures.

“Giving family offices access to high growth companies backed by blue chip investors is what Chrystal Capital prides itself on.  Rage Capital is an excellent partner with its vast experience and success in the food tech investing space.  We will be bringing additional deals from them to our network in Q1 and I would encourage any investors interested in the space to reach out.”

— James Innes, Managing Partner, Chrystal

About The Every Company

The EVERY Company, headquartered in South San Francisco, is a market leader in engineering, manufacturing and formulating animal-free, animal proteins as ingredients for the global food and beverage industry. Originally founded as Clara Foods in 2014, EVERY™ rebranded in 2021 to better capture its vision to bring animal-free proteins to everyone, everywhere.  The company use sugar, yeast, and advanced yeast engineering and fermentation technologies to selectively cultivate yeast for the production of proteins, thereby enabling customers to get healthy, sustainable, and affordable protein items.

Founded by Arturo Elizondo in 2014, Clara’s mission is to create a better, cheaper alternative to animal proteins in both B2C and B2B applications – starting with the egg’s $200B addressable market. Today, the company has developed a comprehensive platform from protein discovery to industry-leading yeast productivity, enabling Every to identify both novel proteins or novel applications of known proteins and synthesize those in mass quantities.

For more information, see www.theeverycompany.com.

About Rage Capital

Rage Capital is a specialist venture capital firm based in New York, investing in cutting edge technology to change the way we eat, live and interact with our planet. Other investments in its portfolio include Blue Nalu, Motif, Ripple, Reef, Future Farm and Splendid Spoon.

For more information, see www.rage-capital.com.


For further information please contact:
James Innes
Managing Partner

james.innes@chrystalcapital.com
https://www.chrystalcapital.com