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.

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