Investors / United States / Tonic Ventures
Tonic Ventures
Venture capital · Chicago, IL, United States · North America
Tonic Ventures is a venture capital firm that backs consumer brands. It evaluates companies by reviewing their P&L and contribution margin after marketing, and invests across fast-moving consumer goods verticals.
Invests inFood & Agriculture
In its own wordsconsumerconsumer brandsfmcgproduct-ledprofitability
Your fit with Tonic Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsTonic Ventures lists 39 checked portfolio companies on its own site and is named in 3 funding rounds. Its most frequent entry is Seed, 33% of the companies with a known first round. Its largest themes are Food & Agriculture (33%), Healthcare & Biotech (14%) and AI & Machine Learning (12%). 91% of its companies are based in United States. It invests most often alongside Great Circle Ventures, Bluestein Ventures and General Catalyst.
Counts come from funding rounds that name Tonic Ventures, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Tonic Ventures' whole history. Rounds on record name 3 companies; its own site lists 39. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundTonic Ventures does not state its stages on its site, so only what it does is shown.
Show as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 33% |
| Series A | 33% |
| Series B | 33% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 0 | 0 |
| '26 | 3 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 77th | 39 companies |
| Recent activity | 76th | 3 rounds in 12 months |
| Early stage | 64th | 33% of entries at pre-seed or seed |
| Evidence | 72th | 8% of companies confirmed by a round |
| Sector focus | 62th | 33% in its largest sector |
| Reach | 59th | 3 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Food & Agriculture | 33% | 3% |
| Healthcare & Biotech | 14% | 15% |
| AI & Machine Learning | 12% | 18% |
| E-commerce & Marketplaces | 8% | 6% |
| Fintech | 6% | 12% |
| Industrial & Manufacturing | 6% | 7% |
| Enterprise Software | 6% | 8% |
| Consumer | 4% | 3% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Great Circle Ventures | 6 |
| Bluestein Ventures | 3 |
| General Catalyst | 3 |
| Midnight Venture Partners | 3 |
| Spacestation Investments | 3 |
| Behind Genius Ventures | 2 |
| Collaborative Fund | 2 |
| Interplay | 2 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers39100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with Great Circle Ventures
Compare Tonic Ventures head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Tonic Ventures| Date | Company | Stage |
|---|---|---|
| 5 May 2026 | Series A | |
| 23 Apr 2026 | Seed | |
| 2 Mar 2026 | Series B |
Round details for Tonic Ventures
Amounts, full round histories and every co-investor in Tonic Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
39 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| ALTR develops technology for precision alcohol reduction in beverages, starting with wine. | Food & AgricultureHealthcare & Biotech | Portfolio page | ||
| August builds an AI platform to help law firms with legal tasks | Legal & ComplianceAI & Machine Learning | Portfolio page | ||
| Brella provides an event platform and app for managing and monetizing meetings and events | EducationEnterprise Software | Portfolio page | ||
| BrellaPak provides high-volume co-packing services for beverages, including formulation, packaging, and procurement | Food & Agriculture | Portfolio page | ||
| Cadence develops and provides clinical AI software for chronic care management | Healthcare & Biotech | Portfolio page | ||
| Cleveland Kitchen produces and sells fermented foods such as sauerkraut, pickles, and kimchi. | Food & Agriculture | Portfolio page | ||
| The company produces and sells prebiotic soda. | Food & Agriculture | Portfolio page | ||
| The company sells mayonnaise and related merchandise. | Food & Agriculture | Portfolio page | ||
| Mezcla produces and sells protein bars and treats. | Food & Agriculture | Mar 2026Series B | Page + round | |
| Final Boss produces film, virtual productions, and interactive experiences to help people and brands share meaningful stories | Enterprise SoftwareMedia & Entertainment | Portfolio page | ||
| FitJoy Foods, Inc produces and sells various snack foods, including pretzels and cracker rounds. | Food & Agriculture | Portfolio page | ||
| Freaks of Nature sells natural deodorants and sunscreens. | Healthcare & BiotechConsumer | Portfolio page | ||
| The company sells protein ice cream | Food & Agriculture | Apr 2026Seed | Page + round | |
| The company produces and sells craft beer in Barcelona. | Food & Agriculture | Portfolio page | ||
| Portfolio page | ||||
| GrayMatter helps close the gap between strategy and operations in manufacturing and utility operations by grounding digital strategy in OT reality and engineering it into automation and control systems. | Industrial & ManufacturingAI & Machine Learning | Portfolio page | ||
| The company provides non-surgical hair restoration treatments. | Healthcare & Biotech | Portfolio page | ||
| Portfolio page | ||||
| LeNOSE sells soaps | Consumer | Portfolio page | ||
| The company provides DEXA scans and expert exercise and nutrition guidance based on the scan results | Healthcare & Biotech | Portfolio page |
About this data
site last read 7 Nov 2026- Site
- tonicventures.com
- Last read
- 7 Nov 2026
- Watching since
- 7 Nov 2026
- Rounds since
- 2 Mar 2026
- Companies checked
- 39
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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