Bloomberg: Do These Tiny Organisms Hold the Key to Lab-Grown Food?

Bloomberg: Do These Tiny Organisms Hold the Key to Lab-Grown Food?

Scientists have long been captivated by a group of microscopic organisms in Yellowstone National Park. The microbes thrive at extreme temperatures and can efficiently multiply with limited resources. The feat has inspired a company called Sustainable Bioproducts, which is replicating the process in a laboratory and eventually, it hopes, at a large scale.

On Monday, the Chicago-based startup said it raised $33 million to accelerate the research. Venture firm 1955 Capital led the round, which also included Breakthrough Energy Ventures, a climate-focused technology fund backed by a roster of billionaires including Amazon.com Inc.’s Jeff Bezos and Microsoft Corp.’s Bill Gates. Michael Bloomberg, the founder and majority owner of Bloomberg LP, is also an investor in the fund.

Business Insider: A food startup backed by 2 industry giants is diving into the alt-meat market

Business Insider: A food startup backed by 2 industry giants is diving into the alt-meat market

A new kind of 'super protein' startup launched on Monday with $33 million backing from Silicon Valley VC firm 1955 Capital and the venture arms of two global food companies. The raw materials for its approach came from research done deep inside Yellowstone's volcanic hot springs, where organisms must adapt to a barren environment. The startup, called Sustainable Bioproducts, claims it can brew up high quantities of its product while having a minimal impact on the environment.

Forbes: Cavallo Ventures Makes Seven Figure Investment In Pesticide Disruption

Forbes: Cavallo Ventures Makes Seven Figure Investment In Pesticide Disruption

Cavallo Ventures, the venture capital arm of global agribusiness company Wilbur-Ellis, has just announced an investment in 1955 portfolio company Crop Enhancement. The California-based company makes CropCoat, a unique protective coating being touted as an alternative to more toxic pesticides on the market.

AgroNews: What does Marcus Meadows-Smith see in Crop Enhancement?

AgroNews: What does Marcus Meadows-Smith see in Crop Enhancement?

As veterans of the biopesticide industry go, Marcus Meadows-Smith is a heavy hitter. His résumé is packed with transformative business performance at several major companies (Bayer, AgraQuest, Chemtura, among others). Currently the CEO of BioConsortia (former portfolio company of 1955 founder Andrew Chung while at Khosla), Meadows-Smith has just taken a role on the board of directors of 1955 portfolio company Crop Enhancement, an innovator of sustainable agrochemical products for enhancing crop yields, where he will help guide the management team on value-creation strategies for the company. Meadows-Smith was recruited by Andrew to join BioConsortia as CEO in March of 2014.

Cargill Boosts Cocoa Productivity and Quality Using Crop Enhancement’s Sustainable Crop Production Technology

Cargill Boosts Cocoa Productivity and Quality Using Crop Enhancement’s Sustainable Crop Production Technology

1955 portfolio company Crop Enhancement, an innovator of sustainable agrochemical products for enhancing crop yields, has successfully completed an initial field demonstration pilot with Cargill to validate the effectiveness of its sustainable technology for yield enhancement. The conclusion of this demonstration pilot is an important step for Cargill —one of the world’s largest cocoa processors— towards attaining its sustainability objectives defined in the Cargill Cocoa Promise, and confirms excitement by cocoa growers for an effective solution to their long-standing production challenges.

Business Insider: 40 and Under Silicon Valley Biotech Stars: Ben Tseng

Business Insider: 40 and Under Silicon Valley Biotech Stars: Ben Tseng

Putting millions of dollars into bold new technologies can be a delicate business when lives hang in the balance. But every day some of the sharpest minds in Silicon Valley make big bets on tools and techniques that promise to cure disease, help fix the food system, and even prolong life…. These are the most interesting and ambitious biotech investors, age 40 and under, on the West Coast.

Benjamin Tseng is a principal at venture-capital firm 1955 Capital, where he focuses on advanced technologies in energy, healthcare, food, agriculture, and new manufacturing models…. Tseng is interested in the potential for emerging technologies to help feed the planet and spot disease early. He's also focused on healthcare and renewable energy. His firm has a particular emphasis on connecting startups in North America and Europe with market opportunities in China, which has some of the largest global demand for new products focused on health and clean tech.

Batteries Int'l: Gridtential Wins Innovation Award at BCI 2018

Batteries Int'l: Gridtential Wins Innovation Award at BCI 2018

1955 portfolio company Gridtential won the 2018 Sally Breidegam Miksiewicz Innovation Award for its silicon joule technology at this year’s BCI convention in Tucson, Arizona on April 30. The bipolar technology replaces the lead grids used as current collectors in traditional lead-acid monoblocs with silicon wafers. The associated boost in performance and reduced need for lead means that silicon joule enabled batteries can compete with lithium in emerging 48V automotive and other applications, the company says.

Gridtential Stacks the Deck as SunEdison's John Barton Joins as CEO

Gridtential Stacks the Deck as SunEdison's John Barton Joins as CEO

1955 portfolio company, Gridtential, an innovator in low-cost, high-performance energy storage technologies, announced today that it has appointed John Barton, former President of Global Asset Management for SunEdison, as Chief Executive Officer of Gridtential. The company also announced that Bob Gruenstern, former Johnson Controls Global Vice President for Product and Advanced Engineering, joined its Technical Advisory Board. Both Barton and Gruenstern bring decades of critical operations and product development expertise as Gridtential accelerates plans for the commercialization of its patented Silicon Joule® battery technology.

Techcrunch: New battery technologies are getting a charge from venture investors

Techcrunch:  New battery technologies are getting a charge from venture investors

Venture capital investors once again are getting charged up over new battery technologies…. One of the latest to raise new money is Gridtential, a battery technology developer pitching a new take on a classic battery chemistry… the centuries old lead acid battery. Gridtential’s innovation, for which it’s filed several patents, is to use silicon plating instead of non-reactive lead plating in the battery.

The company’s novel approach has won it the backing of four big battery manufacturers, in an earlier $6 million round of funding in January, and now the company has raised another $5 million to continue to build out the business from new investor 1955 Capital.

AgFunder: 1955 Capital Makes First Investment into Startup Combatting Pests in Developing Countries

AgFunder: 1955 Capital Makes First Investment into Startup Combatting Pests in Developing Countries

Crop Enhancement, a startup using what it dubs “sustainable chemistry” to combat crop pests and increase crop yields in the tropics, has raised $8.5 million in Series B funding.

The round was co-led by 1955 Capital, the VC firm that ex-Khosla partner Andrew Chung launched in February with a $200 million fund. This is the first investment for the fund which is focused on US and European technologies that can be exported to developing countries to solve world challenges across the energy, environment, food, agriculture, health, and education sectors.

AgFunderNews: 6 Questions with Ex-Khosla Partner Andrew Chung on his New $200m VC Fund

AgFunderNews: 6 Questions with Ex-Khosla Partner Andrew Chung on his New $200m VC Fund

A former partner of the venture capital giant Khosla Ventures, Andrew Chung, today launched his own venture firm, 1955 Capital. The fund, which has raised $200 million at first close, will invest in startups in the energy, food and agriculture, education and health sectors.

Forbes: With $200 Million, New Venture Firm 1955 Capital Plans To Bring Western Tech To China - Forbes

Forbes: With $200 Million, New Venture Firm 1955 Capital Plans To Bring Western Tech To China - Forbes

Andrew Chung hasn’t had the easiest job in venture capital. For the past ten years, the investor has maintained his focus mostly on cleantech startups when the majority of his VC peers have long since abandoned that market for companies that don’t burn through so much cash. He began first at Lightspeed Venture Partners and most recently at Khosla Ventures.

Newly Formed 1955 Capital Launches With First Close of $200 Million

Los Altos, CA, Feb. 24, 2016 – 1955 Capital announced the launch of its venture capital firm with an initial close on $200 million in anchor commitments, exceeding its initial target and making it one of the largest first­-time independent venture firm launches in recent years. The firm will invest in technologies developed in the Americas and Europe that can help solve the developing world's greatest challenges in areas like energy, food, agriculture, health, education and sustainable manufacturing. 1955 Capital is founded and managed by Andrew Chung, a former partner at Khosla Ventures, with extensive experience and success investing in these sectors and commercializing numerous technologies in China and other regions.

It’s Time for Something New

Last year, I went to a dinner where Madeleine Albright was the guest of honor, and she said some things that really resonated with me: The U.S. and China are more codependent on each other than any two countries have ever been in history. There’s no escaping the fact that we need each other. More importantly, we need to find the right way to work together.

That’s why the launch of 1955 Capital is so important to me. It’s a new venture firm I founded focused on funding technologies in developed countries that can be rapidly commercialized and scaled to solve pressing challenges in the developing world — starting with China.

We’re talking about taking on big, bold challenges like air pollution, renewable energy, food security and safety, health care delivery, accessible education, and sustainable manufacturing. I’ve watched as fewer and fewer firms pursue these sectors in recent years due to risk and fear of failure.

Guardian: Paris climate change agreement: the world's greatest diplomatic success

Guardian: Paris climate change agreement: the world's greatest diplomatic success

In the final meeting of the Paris talks on climate change on Saturday night, the debating chamber was full and the atmosphere tense. Ministers from 196 countries sat behind their country nameplates, aides flocking them, with observers packed into the overflowing hall.

John Kerry, the US secretary of state, talked animatedly with his officials, while China’s foreign minister Xie Zhenhua wore a troubled look. They had been waiting in this hall for nearly two hours. The French hosts had trooped in to take their seats on the stage, ready to applaud on schedule at 5.30pm – but it was now after 7pm, and the platform was deserted.