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Kraft Heinz initiates $100 million venture capital fund

The new fund will work on projects designed to transform the food industry.

Kraft Heinz launches new venture capital fund.
Kraft Heinz launches new venture capital fund.

The Kraft Heinz Co. has launched a Chicago-based $100 million venture capital fund, known as Evolv Ventures. The fund will be investing in emerging technology startups that are working on supply chains, logistics, e-commerce and direct-to-consumer projects to transform the food industry. Bill Pescatello, a venture investor and a founding member of Peacock Equity, will lead the fund.

Proteins Innovations Report
Discover cutting-edge protein packaging innovations from PACK EXPO International 2024! Our editorial team spotlights hygienic equipment and materials designed for the demanding protein sector. From IP66-rated washdown systems and all-servo chub packaging to advanced auto-bagging technology and compostable trays replacing EPS, this report reveals how manufacturers are addressing clean, safe design while improving efficiency.
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Proteins Innovations Report
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Break out of the ordinary: see what’s new in food packaging & processing