Trailhead announces inaugural Regeneration Fund I close

Trailhead announced the close of its inaugural Regeneration Fund I with approximately $50 million in commitments. The firm said the fund was oversubscribed and had already backed 22 companies, including two exits. It described the strategy as Seed and Series A investments in technology-enabled businesses spanning the food value chain. Named backers included agricultural organizations, foundations and climate-focused funds of funds. The announcement identified Bobby Pelz and Tripp Wall as Trailhead's founders and Mark Lewis and Pete Oberle as the fund's managing partners. This is a historical fund-close announcement. The approximate commitment figure is not an exact manager assets-under-management observation.