Eighteen94 Capital is the corporate venture capital arm of the Kellogg Company (now Kellanova), founded in 2016 and based in Battle Creek, Michigan. It makes minority investments in early-stage startups developing new ingredients, foods, packaging, and enabling technologies in the food industry.
50% of their portfolio is in Food & Agriculture. Average disclosed round size is $13.8M (across 9 rounds with reported amounts).
Portfolio
8
Fund Size
$100M
Top Stage
Series A
Last 12 Mo
0
Team
JK
Jon Kucinski
Managing Director
SB
Simon Burton
Managing Director
JA
Jeff Arnold
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
10 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| PPlantible Foods | Series A | $21.5M | Sep 2021 |
 MycoTechnology | Series D | $39M | Jun 2020 |
 Ucan | Series D | $5.8M | Jun 2018 |
 Cargo | Seed | $5.5M | Jan 2018 |
| MycoTechnology | Series B | $42M | Oct 2017 |
| BBright Greens | Seed | $2M | Jun 2017 |
 Kuli Kuli | Series A | $4.3M | Jan 2017 |
| KKuli Kuli Foods | Series A | $4.3M | Jan 2017 |
| Kuli Kuli | Unknown | — | — |
| KKuli Kuli, Inc. | Unknown | $53K | — |
Top Co-Investors
S2G Ventures5 shared
Middleland Capital2 shared
Seventure Partners2 shared
Gaingels2 shared
Continental Grain Company2 shared
InvestEco Capital Corp.1 shared
Scrum Ventures1 shared
GV1 shared
FTW Ventures1 shared
Astanor1 shared
Story Ventures1 shared
Verve Ventures1 shared
Unshackled Ventures1 shared
CJ CheilJedang1 shared
Piva Capital1 shared
Good Friends1 shared
Lerer Hippeau1 shared
Touchdown Ventures1 shared
Rich Products Ventures1 shared
Tyson Ventures1 shared
Last updated: 9 September 2026