SM

Spencer Maughan

VC and Entrepreneur passionate about innovation

📍 Palo Alto, California, United States🔄 Updated September 2026💼 14 investments📅 8 years investing🗓 Last invested Mar 2025
VC🌍 United States
14
Total investments
4
Early stage
2
Mid stage
4
Late stage
8y
Years active

Portfolio

14 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Investor
Mar 2025
Cime has harnessed recent advancements in synthetic chemistry to develop a proprietary platform unique to the industry that is faster, more efficient, and more cost effective than current solutions By combining the synthesis and screening stages of drug discovery, we significantly accelerate the Design-Make-Test-Analyze paradigm.
Investor
Sep 2023
Citrine empowers product experts with vanguard AI technologies. With no background in data science, product experts apply Citrine to deliver next generation products faster than any other time in history. Citrine’s software learns easily from the knowledge of its users and their idiosyncratic data to enhance all aspects of the product lifecycle across all industries with a physical product. Citrine’s users increase supply chain efficiency, rapidly improve product quality, enhance customer experience, expand product reach and increase the velocity of product delivery. With Citrine, product experts unlock the capability to solve our society’s greatest environmental and productivity challenges. Citrines customers include Eastman, Panasonic, Grace, LyondellBasell, LANXESS, Morrow Batteries and some of the biggest and most respected names in the materials and chemicals and CPG industries in Asia, North America, and Europe. For more information visit our website at https://citrine.io.
Investor
Aug 2023
Matterworks is using the power of AI to fundamentally change the impact of biological measurements and observations.
Investor
Jun 2022
Sustainably transforming sunflower seed processing to produce two sunflower protein isolates, a protein concentrate, an expeller sunflower oil and a polyphenol nutritional ingredient. Gluten free, Non-GMO and Upcycled Certified, we aim to increase sustainable food sources of protein and other ingredients.
Investor
Jun 2022
At Climate Robotics, we are committed to revolutionizing agriculture and reducing carbon emissions by creating the worlds first infield pyrolysis processing system. Our innovative technology produces biochar in agricultural fields, promoting soil health and sequestering atmospheric carbon. By intersecting two massive markets - agriculture and carbon sequestration - we aim to tackle some of the worlds most significant environmental challenges. We are proud to be VC-backed and have assembled a team of exceptional professionals who are leaders in their fields. Our headquarters is in Houston, TX and we are looking for individuals with curious minds seeking to work at a fast-growing startup and make a meaningful impact. Join us in our mission to change the world and shape a more sustainable future for all.
Investor
Jun 2022
We are on a mission to develop and scale groundbreaking technologies that regenerate our soils and sequester atmospheric carbon by the gigaton for the betterment of people and planet. Our technology leverages natural thermal processes and precision automation to convert crop residues into biochar, a stable form of carbon that builds soil health and stays out of the atmosphere permanently. By utilizing a mobile, in-field solution to convert field waste to biochar, we keep carbon where it matters most while dramatically cutting costs from the typical approach of shipping massive amounts of bulk material to and from centralized facilities.
Investor
Jun 2022
We are on a mission to develop and scale groundbreaking technologies that regenerate our soils and sequester atmospheric carbon by the gigaton for the betterment of people and planet. Our technology leverages natural thermal processes and precision automation to convert crop residues into biochar, a stable form of carbon that builds soil health and stays out of the atmosphere permanently. By utilizing a mobile, in-field solution to convert field waste to biochar, we keep carbon where it matters most while dramatically cutting costs from the typical approach of shipping massive amounts of bulk material to and from centralized facilities.
Investor
Sep 2021
Drip specializes in efficient working capital solutions, offering both payable and receivable finance solutions. While our core expertise lies in financing international trade, we extend our services to facilitate domestic transactions within a country. Our goal is to provide seamless underwriting and financing options for businesses of all sizes, catering not only to SMEs but also to large enterprises. Utilizing technology, we aim to transform the landscape of working capital solutions, making it accessible and straightforward for businesses, regardless of their scale, to meet their financial needs. With offices in the United States and India, Drip Capital is a fintech company founded by Wharton alumni Pushkar Mukewar and Neil Kothari. Our dynamic team, consisting of engineers, data scientists, and seasoned finance professionals, operates from Palo Alto and three offices in India: Mumbai, Delhi, and Bangalore. Phone Numbers: US +1 (650) 437 0150 India +91-9987-779-334
Investor
Aug 2021
Berkeley Yeast uses synthetic biology and process engineering to develop products with transformative impact on fermentation, particularly in the beer and wine sectors. With proven traction in these markets, and with support from government grants (NSF, NIH, USDA) and venture capital, we are expanding our research and manufacturing pipelines. Currently available products in the market give unprecedented control over flavors and improve production efficiency. And that’s just the beginning. We are hiring—come join our team to build the future of fermentation. Learn more about our company and products here: Why Genetically Modified Yeast Could Be the Next Step in Beer’s Evolution https://www.goodbeerhunting.com/blog/2020/1/13/yeast-of-eden-why-gmo-yeast-could-be-the-next-step-in-beers-evolution 6 Beer Industry Trends to Watch in 2022 https://daily.sevenfifty.com/6-beer-industry-trends-to-watch-in-2022/
mid stageBiotechnology
Board Observer
Aug 2021
The worlds first enterprise climate resilience tech platform, specializing in adaptation for agriculture, food, and beverage companies.
Investor
Mar 2021
Our true north is helping folks experience that incredible feeling when you eat and move better. We pride ourselves on local, seasonal & constantly evolving menu offerings to fuel your life. We think your taste buds are made happiest by food that’s crafted close by, in smaller batches by multiple chefs interpreting great recipes. And happy taste buds from responsibly sourced food that’s also really good for you means performing better - a beautiful thing whether in body, mind or both. So instead of stamping out huge quantities of meals from a giant kitchen somewhere and trucking them all over, we’re working with talented local chefs to bring you a great variety of tasty prepared meals, cooking styles and other food goodies. All brought to you in the simplest, effort-free way we can think of under the guiding principles of transparency, sustainability, and philanthropy. We offer easy menu customization in line with food that optimizes you. Whether you eat paleo, Whole 30, are a new or expecting moms, eat to specific macro ratios, vegetarian, mediterranean, or a little bit of everything - we have something we know you will enjoy! Any questions? We're available at hello@territoryfoods.com https://www.instagram.com/territoryfoods/ https://www.facebook.com/territoryfoods/ https://twitter.com/territoryfoods/
Investor
Mar 2021
Founded by Pablo Borquez Schwarzbeck, a fourth-generation farmer, ProducePay is eliminating the economic and food waste caused by the volatile, opaque and fragmented nature of today’s global fresh produce supply chain. Our AgTech company’s Predictable Commerce Platform is giving growers and buyers greater control of their business by providing unprecedented access to each other, capital, trading, insights and greater supply chain visibility. Consumers receive fresher produce more efficiently, knowing it is grown and delivered in responsible ways. This transformational approach is unlocking economic value, and creating a more sustainable global fresh produce industry.
Investor
Jan 2020
At our core, we represent radical freshness, impeccable quality, curated selections and exceptional service. Picked yesterday, baked this morning, by the people we know and trust. We go straight to the source and bring only the best right to you. The Four C’s are the foundational pillars that connect us with our customers. Celebration - We celebrate radical freshness. This is food as it’s meant to be, responsibly-sourced from trusted growers and producers who share our passion for radical freshness and impeccable quality. Curation - We curate impeccable quality. We talk to Master Producers, visit their farms and shops, and taste-test their products to make sure everything meets our meticulous standards of quality, flavor, and ethical business practices. Connection - We connect through the joy of food. Whether you’re sourcing a special ingredient, meal planning for the week, or hosting a dinner celebration, food brings us together with those we love. Convenience - Quality without question. Convenience without compromise. In a world where easy-to-get food is often not easy-to-love food, count on us to deliver both. We’re Good Eggs.
Investor
Jan 2018
Food Intelligence Platform Innit is a leading innovator in personalized food intelligence, providing actionable assistance across the entire food journey. With 40 patents and more than 600 claims granted worldwide, Innit has gained recognition for its expertise and commitment to providing cutting-edge solutions. The Innit platform has been successfully deployed with top retailers, brands, appliance manufacturers, healthcare providers, and technology partners across North America, Europe, and Asia. For more information, visit www.innit.com.
Experience · 20 entries
All (20)
Investments (14)
Founder (4)
Board (1)
2025
Investor
Mar 2025
Cime has harnessed recent advancements in synthetic chemistry to develop a proprietary platform unique to the industry that is faster, more efficient, and more cost effective than current solutions By combining the synthesis and screening stages of drug discovery, we significantly accelerate the Design-Make-Test-Analyze paradigm.
2024
Founder & Managing Partner
Oct 2024
DYDX is an early stage venture capital firm investing in companies that are using data to solve hard problems. www.dydxcap.com
2023
Investor
Sep 2023
Citrine empowers product experts with vanguard AI technologies. With no background in data science, product experts apply Citrine to deliver next generation products faster than any other time in history. Citrine’s software learns easily from the knowledge of its users and their idiosyncratic data to enhance all aspects of the product lifecycle across all industries with a physical product. Citrine’s users increase supply chain efficiency, rapidly improve product quality, enhance customer experience, expand product reach and increase the velocity of product delivery. With Citrine, product experts unlock the capability to solve our society’s greatest environmental and productivity challenges. Citrines customers include Eastman, Panasonic, Grace, LyondellBasell, LANXESS, Morrow Batteries and some of the biggest and most respected names in the materials and chemicals and CPG industries in Asia, North America, and Europe. For more information visit our website at https://citrine.io.
Investor
Aug 2023
Matterworks is using the power of AI to fundamentally change the impact of biological measurements and observations.
2022
Investor
Jun 2022
Sustainably transforming sunflower seed processing to produce two sunflower protein isolates, a protein concentrate, an expeller sunflower oil and a polyphenol nutritional ingredient. Gluten free, Non-GMO and Upcycled Certified, we aim to increase sustainable food sources of protein and other ingredients.
Show all 20 entries ↓
Investment activity
2018–2025 · 14 investments
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