Green Circle Capital Partners is pleased to announce the launch of its venture capital division, having conducted a first closing for Green Circle Foodtech Ventures I (GCFV) with the anchor investment coming from 199 Ventures, the venturing company of Hormel Foods.
“Having a leading global branded food company in our corner, providing support and resources for portfolio companies, is incredibly exciting and opportune for us and for the companies in which we will invest,” said Stu Strumwasser, founder of Green Circle and co-managing partner of GCFV. “The experience in food production, distribution, and marketing, and the global resources Hormel Foods can provide to support our portfolio companies could be the difference between a cool idea and a dominant technology or tech-enabled CPG brand of the future. The Hormel Foods team is a caring group of forward-looking professionals and we are thrilled to have the opportunity to work with them to effect meaningful change in the food supply system.”