The unnamed vehicle was revealed at the inauguration of Panela House, the corporate’s Brazil-based open innovation space.
Nestlé, a Switzerland-based food and beverage manufacturing conglomerate, intends to create its own corporate venture capital fund by the end of this year, Startups reported on Tuesday.
The unnamed vehicle will help the corporate further expand its operations in the innovation ecosystem but details on fund size or the number of startups it plans to back remain undisclosed.
During the inauguration of Panela House, Nestlé’s newly formed…
