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Joyful Ventures is a Los Angeles, California-based venture capital firm investing in early-stage sustainable protein solutions, including plant-based, precision fermentation, and cultivated technologies. The firm closed $23 million of its target $25 million fund in 2023, focusing on pre-seed and seed-stage startups disrupting the animal protein industry. To date, Joyful Ventures has announced investments in New School Foods, specializing in plant-based salmon, and cultivated Wagyu developer Orbillion Bio. The fund's advisory board includes industry figures such as Björn Öste of Oatly, Sandhya Sriram from Shiok Meats, and Ryan Bethencourt of Indie Bio and Wild Earth. Joyful Ventures was founded in 2023 by Milo Runkle, Jennifer Stojkovic, and Blaine Vess. Its business model centers on raises venture capital funds from investors to deploy into portfolio startups, closed $23M of a $25M fund in 2023.
Joyful Ventures has 2 tracked investments across 2 companies. The latest tracked deal is $2.5M Seed in Adamo Foods in August 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 13, 2024 | Adamo Foods | $2.5M Seed | Joyful Ventures | — |
| Sep 2, 2023 | Jellatech | $3.5M Seed | Magnus Hambleton | Milano Investment Partners |
