Evolv Ventures is a $100m venture fund backed by Kraft Heinz to invest in early-stage technology companies disrupting the food industry. The fund leverages the vast network of the 5th largest food and beverage company to be the most value-added investor in the space. Evolv Ventures is led by a team of startup and venture capital veterans, is 100% financial driven and obsessed with providing strategic advantages to its portfolio. With a balance of financial independence and deep company integration, Evolv Ventures strives to be the best strategic partner in the industry.
Location: United States, Illinois, Chicago
Employees: 1-10
Founded date: 2018
Investment Type: Venture Capital
Investment Stage: Pre-Seed; Seed; Series A
Mentions in press and media 16
| Date | Title | Description |
| 15.08.2023 | New Culture targets cost parity for animal-free mozzarella in three years: ‘We’ve achieved technical metrics unheard of for animal-free casein’ | New Culture—one of a flurry of startups making casein proteins via precision fermentation—says it is on track to produce ‘animal-free’ mozzarella at cost parity with its conventional counterpart within three years. San Leandro-based New Cu... |
| 23.11.2021 | ADM, Kraft & Dr Oetker back bovine-free mozzarella maker New Culture in $25m round | US alt-dairy startup New Culture has raised $25 million in Series A funding to bring its bovine-free mozzarella product to market. Founded in 2018 by CEO Matt Gibson and chief scientific officer Inja Radman, New Culture is using precision f... |
| 23.11.2021 | BREAKING: ADM, Kraft & Dr Oetker back bovine-free mozzarella maker New Culture in $25m round | US alt-dairy startup New Culture has raised $25 million in Series A funding to bring its bovine-free mozzarella product to market. Founded in 2018 by CEO Matt Gibson and chief scientific officer Inja Radman, New Culture is using precision f... |
| 07.10.2020 | GrubMarket food delivery startup raises US$ 60M in Series D funding | San Francisco-based food items delivery startup, GrubMarket has raised US$ 60M in a Series D funding round held in October 2020. Investors in this round include BlackRock, Reimagined Ventures, Trinity Capital Investment, Celtic House Ventur... |
| 21.07.2020 | Miraculex rebrands to Joywell, raises $6.9m Series A for plant protein sweeteners | Joywell Foods has raised $6.9 million in a Series A round led by Evolv Ventures, the $100 million foodtech fund backed by Kraft Heinz. Also participating in the fundraise were California’s Khosla Ventures and New Jersey’s SOSV – both of whi... |
| 12.12.2019 | Kraft Heinz leads $12m Series A for smart checkout startup Zippin | Smart retail check-out technology startup Zippin has raised a $12 million Series A led by Evolv Ventures, Kraft Heinz’s corporate venture capital arm, to enable product innovation, technical team growth, and expand its partnership and sales... |
| 12.12.2019 | Kraft Heinz-backed venture hub leads $12m investment in cashierless checkout startup Zippin | “We’re excited to join Zippin’s journey as these new formats become critical to the transition currently underway in retail,” said Smriti Jayaraman, principal at Evolv Ventures. “Zippin’s technology also offers CPG brands, which have p... |
| 28.11.2019 | Tech venture capital is keeping a close watch on cannabis – here are four reasons why | It’s an exciting time to raise private capital in the cannabis industry. We’ve seen that the stigma is dissipating, general partners (GPs) are opening up to cannabis investments, and tech venture firms are jumping in. 2018 was a record year... |
| 24.10.2019 | Flowhub, Bespoke Financial bring $30m in VC funding to cannabis sector this week | The cannabis world is seeing a lot of investor love this week with two funding announcements. The first comes from cannabis dispensary retail management platform Flowhub, which landed a $23 million Series A from Kraft Heinz’s corporate vent... |
| 30.09.2019 | From biz dev at Grubhub to Kraft Heinz’s VC arm, Steve Sanger is still selling hard | Evolv Ventures launched late last year as the venture arm of ketchup and mac-and-cheese behemoth Kraft Heinz with $100 million to invest in startups. It focuses on four main categories, foodtech – a broad category encompassing agtech, prote... |
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