Hormel’s 199 Ventures backed the new ventures fund, which is targeting $25m.
US-based processing company Hormel Foods’s corporate venturing unit has committed to Green Circle Foodtech Ventures as an anchor investor.
Hormel’s 199 Ventures backed the new ventures fund, which is targeting $25m, from investment manager Green Circle Capital Partners.
Bryan Kreske, general manager of 199 Ventures, told Food Business News: “Since committing to invest in the fund, we are looking forward to the many areas of investment, including alternative protein and plant-based foods.”
Managed by Stu Strumwasser, Green Circle Foodtech…
