Startup upstarts: Everhope's Frohman Anderson
Taking animals out of the supply chain is the mission for Everhope Capital and its millennial director. Here's the latest in our series on young people making a difference in the climate space.
Above, cell-based seafood from BlueNalu, a company in Everhope Capital’s portfolio. Photo: BlueNalu.
LONDON (Callaway Climate Insights) — Some surveys show that millennials — anyone born between 1981 and 1996 — are more concerned than older generations about climate change and taking steps to look after the environment.
As the climate change-related investment market matures, the question is, what millennials are doing about it? Where are they investing? What types of sector-relevant companies are they starting? Who are the new generation of entrepreneurs, innovators and risk-takers working on investable climate- and environment-connected ideas?
Here is the fourth entrepreneur in our series on millennials and climate change.
Frohman Anderson, 28, managing partner, EverHope Capital
EverHope Capital invests in entrepreneurs and businesses that replace animals in supply chains, whether that’s meat, dairy or seafood. The idea is to find alternatives to animal-based products because of their contribution to land and water degradation, biodiversity loss, acid rain, coral reef degradation and deforestation — all of which lead to higher carbon emissions. Fora Foods, for example, has created an alternative to gelatin, a food ingredient derived from collagen from animal body parts. Wild Earth, another company EverHope Capital has invested in, makes plant-based pet food.
Other high-profile companies operating in this space, though not ones EverHope Capital is involved with, include Impossible Foods and Beyond Meat (BYND).
“At EverHope, we’re looking to invest in areas where there is a systemic issue at stake and where there’s a problem that needs solving,” said Anderson. He co-founded (at the age of 14) with his sister, (who was then 16), Ava Anderson Non Toxic — now called Pure Haven Essentials — organic personal care and home cleaning products. It scaled to about 100 different non-toxic consumer products before being acquired five years ago by another investor. “That exit left me with a really strong sense that business could be a catalyst for change,” he said.
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Do you know of folks making a difference, working on innovative and creative solutions to the challenges of climate change? Send us an email and we’ll consider featuring them in this series.