About AF Ventures
AF Ventures is a venture capital firm founded in 2013. It is primarily based out of New York City, United States. As of Sep 2024, AF Ventures has invested in 48 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Food and Agriculture to Consumer Goods and Healthcare. Most recently it participated in the $***** Series B round of Hello Cake Overall, AF Ventures portfolio has seen 1 unicorn, 1 IPO and 10 acquisitions including key companies like Siete Family Foods, Clio Snacks and Harmless Harvest. A lot of funds co-invest with AF Ventures, with names like Danone Manifesto Ventures sharing a substantial percentage of its portfolio. AF Ventures has team of 8 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
AF Ventures' List of Top Investments
AF Ventures has a portfolio of 48 companies, one of which is a Unicorn. Their most notable investments are in Native State Foods and Alpha Foods.Their portfolio spans across United States, Australia and United Kingdom. They have invested in Food and Agriculture, Consumer Goods, Healthcare and 6 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by AF Ventures:
1. koia
Manufacturer and brand of plant-based protein drinks. The products include plant-based nutritional shakes, smoothies, and keto drinks.
Key facts about koia
- Founded Year: 2013
- Location: Los Angeles (United States)
- Annual Revenue: $10M - $50M as on Dec 31, 2023
- Stage: Series A
- Total Funding till date: $14.5M
- Employee Count: 242 as on Aug 31, 2026
- Investors: Rampolla Ventures, KarpReilly and 10 Others
- Latest Funding Round: Series A, Apr 15, 2022, $*****
- Highlight: Editors' Pick
Mexican-American food brand crafting heritage-inspired foods with thoughtfully selected ingredients to bring people together. Rooted in family, the company creates delicious, culture-rich foods perfect for sharing. They offer a range of products, including grain-free tortillas, tortilla chips, taco seasoning, and sauces, all made with carefully chosen ingredients. The brand fosters a strong sense of community, encouraging connection and sharing through recipes and gatherings. They aim to celebrate culture and honor heritage by making vibrant, authentic food accessible to everyone. The company emphasizes inclusivity and the belief that "Juntos es Mejor" (together is better), promoting a family-first approach and valuing diverse perspectives. They provide recipes and a store locator to enhance the customer experience.
Key facts about Siete Family Foods
- Founded Year: 2014
- Location: Austin (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $90M
- Employee Count: 152 as on Jul 31, 2026
- Investors: Asto Consumer Partners, Stripes and 3 Others
- Latest Funding Round: Series B, Feb 04, 2019, $*****
- Highlight: Acquired
3. Yumi
Internet first restaurant to order baby food for delivery. The company operates an in-house kitchen and provides an online platform to prepare and order baby food for delivery. The company claims to employ team of nutritionists, pediatricians, and chefs and source the ingredients directly from farms. The menu category includes purees, blends and finger food. Provides meals in cold storage once a week. The product can be purchased only through its online platform and is not available at the retail locations.
Key facts about Yumi
- Founded Year: 2015
- Location: Los Angeles (United States)
- Stage: Series B
- Total Funding till date: $79.1M
- Employee Count: 69 as on Aug 31, 2026
- Investors: August Capital, Uber and 45 Others
- Latest Funding Round: Series B, Dec 20, 2021, $*****
- Highlight: Editors' Pick
4. Clio Snacks
Greek yogurt bars wrapped in chocolate for a convenient, delicious snack. They offer a unique refrigerated yogurt experience with grab-and-go bars combining the nutritional benefits of Greek yogurt with irresistible coatings. The company provides a variety of flavors, including original, vanilla, strawberry, salted caramel, and mixed berry, in both regular and mini sizes, as well as zero sugar options. They focus on creating creamy, crave-worthy treats that are a protein pick-me-up, contain live active cultures, and are gluten-free. The products are available in major retailers. The company aims to provide a tasty and convenient way to enjoy Greek yogurt, offering a refrigerated alternative to traditional yogurt with a cheesecake-like texture and delicious coatings. They are active on social media platforms like Instagram and TikTok.
Key facts about Clio Snacks
- Founded Year: 2015
- Location: Roselle Park (United States)
- Stage: Acquired
- Total Funding till date: $35.8M
- Employee Count: 79 as on Aug 31, 2026
- Investors: ACG, Stelac and 3 Others
- Latest Funding Round: Series B, Sep 26, 2022, $*****
- Highlight: Acquired
5. ByHeart
Key facts about ByHeart
- Founded Year: 2016
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $395M
- Employee Count: 144 as on Aug 31, 2026
- Investors: equitywestsecurities.com, Sonostar Ventures and 11 Others
- Latest Funding Round: Series C, Mar 12, 2025, $*****
AF Ventures' Year-on-Year Investment Trends
AF Ventures has invested in 48 companies over the last 10 years, with an average of 3 new investments annually in the last 10 years. Its most recent first time investment was in Hello Cake and most recent follow-on round was in ByHeart.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 1 | 2 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 4 | 2 | 6 |
2020 | 5 | 0 | 5 |
2019 | 2 | 1 | 3 |
2018 | 6 | 1 | 7 |
2017 | 4 | 1 | 5 |
AF Ventures' Investments by Stage
AF Ventures has made 11 investments in Seed stage with an average round size of $1.97M, 11 investments in Series A stage with an average round size of $8.38M and 7 investments in Series B stage with an average round size of $34.4M.Stage of entry | No. of Investments |
|---|---|
Seed | 11 |
Series A | 11 |
Series B | 7 |
Note: We have considered here, only first round of investments
AF Ventures' Investments by Sector
AF Ventures has a diverse portfolio, with companies operating in the Food and Agriculture, Consumer Goods, Life Sciences, Consumer and Retail. Notably, it has invested in 26 Consumer (B2C) companies, 17 Tech companies and 4 Software companies.Sector | No. of Investments |
|---|---|
Food and Agriculture | 20 |
Consumer Goods | 17 |
Life Sciences | 5 |
Consumer | 4 |
Retail | 4 |
Others | 10 |
Note: We have considered here, only first round of investments
AF Ventures' Investments by Geography
AF Ventures has made most investments in United States (27), followed by Australia where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 27 |
Australia | 1 |
Note: We have considered here, only first round of investments
AF Ventures' recent investments
AF Ventures has not made any investment in 2026 so far.Here are the most recent investments by AF Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 11, 2024 | United States | Series B | 6468 | [+1] | |
Mar 28, 2024 | United States | Series C | 3903 | [+6] | |
Aug 17, 2023 | United States | Series B | 5577 | [+3] | |
Aug 18, 2022 | United States | Series B | 5703 | [+3] | |
Dec 20, 2021 | United States | Series B | 7786 |
Unicorns in AF Ventures' Portfolio
AF Ventures has 1 unicorn in its portfolio - Cirkul. The most recent unicorn in their portfolio is Cirkul which became a unicorn in 2022.Here is a list of unicorns in AF Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
46 | Internet first brand offering non-carbonated water | 2016 | Tampa | Series C | xlrcuxp |
IPOs and Publicly Listed companies in AF Ventures' Portfolio
1 of AF Ventures' portfolio company became public - Kidfresh.Here are AF Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Oct 05, 2016 | Seed | 8249 |
Acquired companies in AF Ventures' Portfolio
10 companies from AF Ventures' portfolio have been acquired. The most recent acquisition was Clio Snacks in Oct 2026 by Stride Consumer for $*****.Here are AF Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 06, 2026 | May 29, 2020 | Series A | 1316 | |
Jan 27, 2026 | - | - | 8601 | |
Oct 02, 2024 | - | - | 4381 | |
Jan 31, 2024 | - | - | 6072 | |
Aug 02, 2023 | - | - | 3494 |
Team profile of AF Ventures
AF Ventures has a team of 8 members including 6 Partners and 2 Principals located in United States. AF Ventures' team sits on the board of 1 company.Here is a list of all team members in AF Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Partner | Avon | - | - | |
Partner | United States | - | - | |
Partner | Greenwich | - | - | |
Partner | Pompano Beach | - | - | |
Partner | United States | - | - | |
Principal | New York City | - | ||
Principal | - | - |
Co-investors of AF Ventures
Over the past 10 years, 129 investors have co-invested in AF Ventures's portfolio companies. This includes funds and angels.
- Invested before AF Ventures: Brand Foundry, TRAC and 64 others have invested in rounds before AF Ventures. There are 3 companies where Brand Foundry has invested before AF Ventures and 1 company where TRAC has invested before AF Ventures.
- Top Co-investors of AF Ventures: 44 investors entered a company along with AF Ventures. These include investors like Danone Manifesto Ventures (2 companies).
- Invested after AF Ventures: A total of 19 investors have invested in AF Ventures's portfolio after their investments. Top Investors include Monogram Capital Partners (2 companies), CircleUp (1 company) and Stonegate Capital (1 company).
Recent News related to AF Ventures
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Firestorm Awarded Py25.1 Stratfi Funding To Advance Modular Unmanned Aerial SystemsPR Newswire•Mar 10, 2025•Firestorm, AF Ventures, StratFI
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Sexual Wellness Brand Hello Cake Acquires Trigg Laboratories, Inc. and Closes $18M Series B RoundBusiness Wire•Oct 15, 2024•Hello Cake, Silas Capital, Strand Equity Partners, AF Ventures
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BYHEART, working in the field of baby nutrition, received an investment of $ 95 millionWebrazzi•May 14, 2024•ByHeart, D1 Capital Partners, Bellco Capital, Polaris Partners and 5 others
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ByHeart Raises $95M in FundingFinSMEs•May 13, 2024•ByHeart, D1 Capital Group, Bellco Capital, Polaris Partners and 3 others
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ROAR Organic Secures $6 Million In Fresh Capital: SECForbes•Dec 02, 2023•Melitas Ventures, Factory, AF Ventures, ROAR
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Jinx Raises USD17.85M Series B FinancingFinSMEs•Aug 17, 2023•Jinx, The Merchant Club, Align Ventures, AF Ventures and 3 others
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BRAVO SIERRA Closes $17M Series B Round Ahead of Retail ExpansionBusiness Wire•Aug 18, 2022•Bravo Sierra, The Merchant Club, L'Occitane, Capstar Ventures and 3 others
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RISE™Robotics Awarded $1.7 Million Contract to Modernize United States Air Force Ground Support EquipmentBusiness Wire•Apr 29, 2022•Rise Robotics, AF Ventures
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Beverage Tech Company Cirkul Raises $30M in Series B FundingThe Spoon•Aug 12, 2021•Cirkul, AF Ventures, SC.Holdings, Siddhi Capital
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Baby formula company secures $90M in series B fundingThe Business Journals•Jul 26, 2021•ByHeart, OCV Partners, Polaris Partners, Bellco Capital and 4 others
