ADM Ventures

ADM Ventures is the corporate venture capital arm of Archer Daniels Midland Company (ADM), one of the world's largest agricultural processors and food ingredient providers, headquartered in Chicago, Illinois. The firm invests in startups with proprietary technologies demonstrating feasibility and scalability, typically at Series A and beyond, seeking proof-of-concept or early market traction. Its focus spans human nutrition, animal nutrition, microbiome solutions, bio-solutions, sustainable materials, and agriculture technology. ADM Ventures operates a hybrid corporate VC model — directly investing in external startups, incubating ideas internally, and taking LP positions in other funds. The firm has made 17 investments across food, agtech, and biotech sectors, with check sizes typically ranging from $3 million to $10 million. Notable portfolio companies include Air Protein (carbon-negative proteins), Geltor (animal-free proteins for beauty and wellness), Perfect Day (alternative dairy protein), Nourished, and Bond Pet Foods. Portfolio companies gain access to ADM's global solutions network spanning ingredients, flavors, manufacturing assets, technical expertise, and established distribution channels. Managing Director Daniel Griffis and Vice President Victoria de la Huerga lead the investment team. ADM Ventures enters as a minority investor and positions itself as coming in earlier than many corporate VCs, providing value-added product development support and capital equipment access alongside its financial commitment.