ImpactAssets is a nonprofit financial services firm that enables philanthropists and individual investors to engage in impact investing. It is a 501(c)3 organization.The firm offers impact investment products, including a donor advised fund called Giving Fund, impact investing notes, and educational resources to support individuals and advisors interested in impact investing and to help build the field of impact investing.ImpactAssets is based in Bethesda, Maryland.

ImpactAssets

Propel(x) is an angel investing platform focused on funding early-stage companies that are built around scientific discovery.  The company is driven by a mission to help propel mankind by enabling investments in technologies that matter.  Propel(x) was founded in 2014 and is headquartered in San Francisco, California.

Propel(X)

Crimson Investment Fund, LLC (CIF) is a limited liability company, organized in April 2019, in Delaware, USA. The Administrative Board of CIF comprises of highly experienced global professionals who are also Harvard Business School alumni. The initial purpose of CIF is to financially support new business ideas, start-ups (< $10M valuation) and provide expertise as needed.

Crimson Investment Fund

HBS Alumni Angels New York is an angel group that invests $15 million across 100 early-stage companies. The firm's angel investor members are Harvard Business School and other Harvard University alumni who invest on an individual basis.  Its members meet monthly to hear pitches in person from the best entrepreneurs. On average, we invest in 1-2 companies per month a few weeks after the pitch and the members complete their assessment.

HBS Alumni Angels New York

TrueAlgae

AgTech startup and brings the multi-faceted benefits of natural, regenerative, sustainable microalgae to the world.

<div>TrueAlgae, operating under GreenTech Ventures, Inc., is a biotechnology company specializing in microalgae-based solutions for agriculture, animal feed, and human nutrition. It has developed a proprietary closed-loop vertical photobioreactor system for cultivating microalgae. This scalable and modular system harnesses solar energy and captures CO2, allowing the safe, natural, and organic cultivation of microalgae and the production of valuable metabolites at a low cost and high speed.</div>

Driving livestock productivity using next-generation biotechnology

Livestock Biotech

TrueAlgae was awarded a grant from the inaugural round of the Virginia Commonwealth Commercialization Fund (CCF)

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 TrueAlgae, operating under GreenTech Ventures, Inc., is a biotechnology company specializing in microalgae-based solutions for agriculture, animal feed, and human nutrition. It has developed a proprietary closed-loop vertical photobioreactor system for cultivating microalgae. This scalable and modular system harnesses solar energy and captures CO2, allowing the safe, natural, and organic cultivation of microalgae and the production of valuable metabolites at a low cost and high speed.
 
 
 
 
 The company&rsquo;s animal feed product, TrueNutra, is targeted at chicken and made using the Chlorella microalgae strain. It claims to improve feed conversion ration, egg production, and egg quality and reduces mortality rate and cholesterol content.
 
 
 
 
 Funding and financials
 
 
 
 
 In January 2022, the company raised USD 1.6 million in seed funding, bringing the total funds raised to USD 6.4 million. Notable investors of the company include Harvard Business School Alumni Angels of Greater New York, Caygan Capital, Crimson Investment Fund, and Propel(X).
 
 
 
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 Aviabiotic (formerly Chicken Probiotic) is a biotechnology company innovating in poultry health. The company specializes in creating probiotics engineered for enhanced thermostability, elimination of antibiotic resistance, and dependency on corn sugar, making them environmentally friendly. These probiotics are designed specifically for integrated poultry operations, addressing both health and efficiency in poultry production.
 
 
 
 
 Funding and financials
 
 
 
 
 Aviabiotic's latest funding was a grant received in 2020, which has facilitated the development and commercialization of its specialized probiotics.&nbsp;
 
 
 
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Aviabiotic

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 ZeaVaxx is an animal healthcare company using advanced biotechnology to improve vaccine effectiveness for animals. Its plant-derived nanoparticle adjuvant platform claims to offer advantages over aluminum-based ones that are falling short in current animal vaccine formulations due to low efficacy and compatibility issues. This platform is designed to enhance the immunogenicity of vaccines to ensure that the vaccines can provoke a stronger and more effective immune response in animals.
 
 
 
 
 ZeaVaxx flagship product, Zea-11, is a proprietary glucan-based nanoparticle derived from plants. Zea-11 claims to offer simplified extraction and chemical finalization, making it the first economically viable nanoparticle adjuvant for animal vaccines.&nbsp;
 
 
 
 
 Funding and financials
 
 
 
 
 In June 2018, the company secured USD 50,000 in pre-seed funding from the Purdue Ag-celerator.
 
 
 
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ZeaVaxx

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 Malcisbo, a spin-off from the Swiss Federal Institute of Technology Zurich (ETH Zurich), is a Swiss biotechnology company developing novel vaccines for animal and human health. The company focuses on glycoengineering technologies to create efficient glycoconjugate vaccines to address bacterial diseases that impact animal health, human food safety, and zoonotic diseases.
 
 
 
 
 Its primary product offerings target Campylobacter infections in humans (to reduce food poisoning from chicken meat) and Actinobacillus pleuropneumoniae (to reduce economic losses in the swine industry due to mortality, growth retardation, and the need for antibiotics).
 
 
 
 
 Funding and financials
 
 
 
 
 As of May 2024, the company had been awarded 10 grants totaling CHF 3.5 million (~USD 3.8 million).
 
 
 
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Malcisbo

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 eggXYt is an Israeli biotech company that specializes in ultrasound technology for eggs. The company has developed a non-invasive, pre-incubation sex detection technology for chicken embryos, named seXYt, which allows poultry farmers to separate male and female layer chicks before incubation. This process claims to prevent unnecessary incubation of over 8 billion male layer chicks annually, which are otherwise disposed of after birth due to their unsuitability for the industry. These eggs are then repurposed and used outside the food industry, leading to lower costs and reduced resource waste in hatcheries.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 In November 2020, the company signed an R&amp;D licensing agreement with Tropic Biosciences to develop Avian influenza resistance in chickens through gene editing.
 
 
 
 
 Funding and financials
 
 
 
 
 eggXYt has received over USD 2.5 million in funding from the European Union through the Horizon 2020 SME Program for its sex detection technology and to expand its research into new areas such as disease resistance in poultry.
 
 
 
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eggXYt

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 BioRefic is a Latvian biotech company that develops biorefinery technology to produce advanced prebiotic ingredients and microbial Omega-3 fatty acids. It primarily serves the animal feed and aquaculture sectors by providing sustainable alternatives to traditional feed ingredients. Biorefic&rsquo;s products, which include xylooligosaccharide prebiotic (a gut microbiome enhancing ingredient to improve health and immunity and boost performance), are designed to enhance animal health and efficiency, thus reducing the overall environmental impact of agriculture.
 
 
 
 
 Funding and financials
 
 
 
 
 BioRefic has raised a total of EUR 250,000 in funding over two rounds, with its most recent funding coming from a non-equity assistance round supported by RootCamp. 
 
 
 
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BioRefic

Companies that offer solutions that edit (gene editing) or modify (gene modification) an animal's genome in a precise and targeted manner using methods such as TALEN's, CRISPR/Cas9, recombinant retroviruses, and sperm-mediated DNA transfer. The techniques change the existing genome to improve/express desired traits in livestock. The segment also covers companies that use an AI-based platform or otherwise to offer diagnostic testing services of the animal's genome that help livestock farmers identify genetic changes or diseases present in herds.

Companies that offer next-generation vaccines based on developments in DNA technology (e.g., mRNA vaccines) and biotechnology. The segment also includes medicines developed for the prevention and treatment of livestock diseases.

Companies that use a range of genetic techniques that can alter the DNA of animals more precisely than traditional breeding techniques. Techniques such as gender selection via sexed semen, genomic selection, or even gene editing methods like CRISPR are used to breed animals precisely with superior genetic traits.

Companies that produce natural ingredients or biological additives that can be added to animal feed for purposes such as improving nutrient uptake and the gut microbiome.

Biotech solutions to grow livestock that are of better traits and sustainable

Uses AI/machine learning to facilitate their platform/biotech processes like gene editing

Offers customization of genes and traits as required by farmers

TrueAlgae

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