# S2G Investments

> S2G Investments is a Chicago multi-stage investment firm that puts capital to work where three systems - food and agriculture, oceans, and energy - overlap. Founded in 2014 as S2G Ventures (short for Seed 2 Growth), it manages roughly $2.8 billion, has backed 120-plus companies from Beyond Meat to Orange EV, and offers everything from early venture checks to growth equity, debt and infrastructure financing. In 2024 it spun out of Lukas Walton's Builders Vision to become an independent SEC-registered adviser, and in 2025 rebranded to S2G Investments to signal it is no longer just a venture shop.

- **Founded:** 2014
- **Headquarters:** Chicago, United States
- **Founders:** Victor Friedberg (Co-founder), Sanjeev Krishnan (Co-founder, Chief Investment Officer & Senior Managing Director), Chuck Templeton (Co-founder, Managing Partner), Lukas Walton (Co-founder and backer (Builders Vision))
- **Team size:** Roughly 95-100 employees across Chicago, San Francisco and Boston
- **Products:** Food & Agriculture investing, Oceans / Blue Economy strategy, Energy strategy, Solutions Fund I, Flexible capital solutions
- **Notable:** Grew from a $125M food-and-ag fund in 2016 to roughly $2.8B in assets under management., Backed 120+ companies over 11+ years, including Beyond Meat, sweetgreen, Apeel Sciences and Orange EV., Made inaugural institutional investments in the 'blue economy' via a ~$100M sustainable oceans fund.

## Products & services

- **Food & Agriculture investing** — Venture-through-growth capital for companies improving agricultural inputs, food supply chains, food technology and health outcomes. The firm's original strategy, launched as S2G Ventures in 2014.
- **Oceans / Blue Economy strategy** — Early- and growth-stage capital for aquaculture, alternative proteins, seaweed and algae, supply-chain traceability, ocean data and ocean-health companies. Seeded by a roughly $100M sustainable oceans fund.
- **Energy strategy** — Investments across clean energy, electrification, storage and decarbonization, including platforms such as Bluestar Energy and 38 Degrees North and companies like Orange EV and Aerones.
- **Solutions Fund I** — A $1 billion growth-stage fund addressing the 'missing middle' financing gap for established companies scaling across food, energy and oceans. Closed May 2026 with $300M already deployed across ten investments.
- **Flexible capital solutions** — A single platform offering venture, growth equity, structured/asset-backed debt and infrastructure financing so capital can change shape as portfolio companies mature.

## Achievements

- Grew from a $125M food-and-ag fund in 2016 to roughly $2.8B in assets under management.
- Backed 120+ companies over 11+ years, including Beyond Meat, sweetgreen, Apeel Sciences and Orange EV.
- Made inaugural institutional investments in the 'blue economy' via a ~$100M sustainable oceans fund.
- Spun out of Builders Vision in 2024 to become an independent SEC-registered investment adviser.
- Closed a $1B Solutions Fund I in May 2026 to address the 'missing middle' financing gap.

## Latest updates

- **2026-05** — Closed Solutions Fund I at $1 billion, a growth-stage vehicle targeting the 'missing middle' across food, energy and oceans, with $300M already deployed across ten investments.
- **2025-01** — Rebranded from S2G Ventures to S2G Investments with a new visual identity and the tagline 'Invested at the Seams of Sector Transition.'
- **2024-05** — Spun out of Builders Vision to become an independent SEC-registered investment adviser; named Aaron Rudberg, Sanjeev Krishnan and Chuck Templeton managing partners.

## Links

- Website: https://www.s2ginvestments.com
- LinkedIn: https://www.linkedin.com/company/s2g-investments
- Twitter/X: https://twitter.com/seed2growth
- Facebook: https://www.facebook.com/s2gventures/

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Profile page: https://yespress.io/s2g-investments
Published by YesPress — https://yespress.io
Last updated: 2026-08-16