Valor Siren Ventures I has signed up Starbucks as a cornerstone investor as it seeks to close its fund at $400m to back food and retail technology developers.
Coffeehouse chain Starbucks provided $100m for US-based investment firm Valor Equity Partners’ Valor Siren Ventures I fund yesterday as the vehicle’s cornerstone investor.
The fund has a target size of $400m and will seek the remaining $300m from additional strategic partners and institutional investors over the coming months. It is focusing on startups working on technologies, products and services in the food and retail sectors.
Starbucks’ commitment to the fund is the first time it has made such a move…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
