Evolv Ventures

Evolv Ventures is a venture capital firm based in Chicago, Illinois, established in 2018 as the venture capital arm of The Kraft Heinz Company. The firm focuses on investing in early-stage technology companies that are innovating within the food industry. Its investment strategy targets areas such as food technology, operations technology—including supply chain and logistics—consumer data and marketing, as well as new business models like direct-to-consumer and e-commerce. Additionally, Evolv Ventures explores opportunities in information technology, retail technology, and automation. By leveraging the extensive network of a major player in the food and beverage sector, Evolv Ventures aims to provide strategic advantages to its portfolio companies while maintaining a strong commitment to financial performance.

11 past transactions

Oobli

Series B in 2022
Oobli specializes in the development of healthy, protein-based sweeteners sourced from exotic plants. These unique compounds offer a flavorful experience without the calories typically associated with sugar, making them a suitable alternative for health-conscious consumers. The protein sweeteners are produced through fermentation, ensuring they have no glycemic impact and do not disrupt the gut microbiome. Oobli has successfully obtained regulatory approvals, including FDA "no questions" letters and GRAS status for several of its proteins, reinforcing their commitment to safety and quality. By providing a delicious and low-calorie option, Oobli aims to transform the way individuals approach sweeteners, allowing for healthier choices in everyday consumption.

New Culture

Series A in 2021
New Culture is a food and beverage company based in San Francisco, California, founded in 2018. The company specializes in producing animal-free cheese using innovative methods that involve microflora to create dairy proteins. By focusing on sustainable and ethical practices, New Culture aims to revolutionize the cheese-making process, offering a variety of delicious and healthy cheese alternatives. Their products are designed to reduce dependency on animal agriculture while providing consumers with access to nutritious dairy-like options.

Zippin

Series B in 2021
Zippin is a company based in the United States that specializes in AI-driven, checkout-free technology aimed at enhancing the retail shopping experience. It offers a platform that allows retailers to implement frictionless shopping solutions, eliminating the need for checkout lines and self-scanners. Utilizing advanced technologies such as deep learning-based computer vision and real-time sensor fusion, Zippin's system tracks products and shoppers through overhead cameras and smart shelf sensors, ensuring high accuracy even in crowded environments. Founded by industry experts with extensive backgrounds in retail technology and artificial intelligence, Zippin has secured venture funding from notable investors. The company is headquartered in San Francisco and focuses on transforming how consumers shop by allowing them to enter stores, select items, and leave without traditional checkout processes.

Outrider

Series B in 2020
Outrider, Inc. is a software company that specializes in automating logistics hubs through the use of electric, self-driving trucks. Established in 2017 and based in Golden, Colorado, Outrider provides a software-as-a-service (SaaS) solution designed for customer-owned freight and transportation fleets. The company offers a comprehensive system comprised of web-based management software, autonomous driving controls for electric yard trucks, and necessary site infrastructure. Its technology automates various yard operations, including the movement of trailers and the engagement and disengagement of trailer connections, thereby eliminating hazardous and repetitive manual tasks. By focusing on the development of zero-emission systems, Outrider aims to enhance safety and efficiency for large enterprises reliant on logistics.

Parsable

Series D in 2020
Parsable, Inc. specializes in developing digital workflow management solutions tailored for industrial sectors, including consumer packaged goods, manufacturing, and energy. Its Connected Worker Platform modernizes traditional, paper-based procedures by converting them into mobile, interactive work instructions that utilize multimedia formats. This transformation enhances productivity, quality, and safety for industrial workers by facilitating real-time collaboration and guiding human inputs. Additionally, Parsable's platform collects and analyzes operational data, providing valuable insights into work activities and enabling continuous improvement of procedures. Founded in 2013 and headquartered in San Francisco, California, Parsable also has offices in Austin, Texas; Vancouver, Canada; and Kildare, Ireland. The company was previously known as Wearable Intelligence, Inc. before rebranding in February 2016.

Oobli

Series A in 2020
Oobli specializes in the development of healthy, protein-based sweeteners sourced from exotic plants. These unique compounds offer a flavorful experience without the calories typically associated with sugar, making them a suitable alternative for health-conscious consumers. The protein sweeteners are produced through fermentation, ensuring they have no glycemic impact and do not disrupt the gut microbiome. Oobli has successfully obtained regulatory approvals, including FDA "no questions" letters and GRAS status for several of its proteins, reinforcing their commitment to safety and quality. By providing a delicious and low-calorie option, Oobli aims to transform the way individuals approach sweeteners, allowing for healthier choices in everyday consumption.

Fabric

Series B in 2020
Fabric operates an on-demand supply chain network platform designed to enhance retail delivery services, allowing for sustainable and rapid delivery options, including same-day and one-hour services. The company utilizes micro fulfillment centers equipped with robotics and artificial intelligence to automate various order preparation processes such as inventory reception, order picking, and packing. By positioning these local inventory hubs close to end-customers, Fabric enables retailers to improve their customer experience while maintaining profitable unit economics. Founded in 2015 and based in Tel Aviv, Israel, Fabric aims to drive revenue and customer loyalty for retailers through advanced software and automation, ultimately fostering greater operational efficiency and lower costs.

Zippin

Series A in 2019
Zippin is a company based in the United States that specializes in AI-driven, checkout-free technology aimed at enhancing the retail shopping experience. It offers a platform that allows retailers to implement frictionless shopping solutions, eliminating the need for checkout lines and self-scanners. Utilizing advanced technologies such as deep learning-based computer vision and real-time sensor fusion, Zippin's system tracks products and shoppers through overhead cameras and smart shelf sensors, ensuring high accuracy even in crowded environments. Founded by industry experts with extensive backgrounds in retail technology and artificial intelligence, Zippin has secured venture funding from notable investors. The company is headquartered in San Francisco and focuses on transforming how consumers shop by allowing them to enter stores, select items, and leave without traditional checkout processes.

Flowhub

Series A in 2019
Flowhub is a cannabis retail software company based in Denver that provides a customizable platform designed to enhance the operations of dispensaries. The company offers tools for compliance, point of sale, inventory tracking, and business intelligence, enabling cannabis retailers to streamline their processes and improve customer experiences. Flowhub's innovative features include mobile check-in and inventory management applications, which contribute to its processing of over one billion dollars in cannabis sales annually. With a client base of more than 700 cannabis retailers, Flowhub aims to support their partners in growing revenue and simplifying compliance while ensuring efficient checkouts and effective inventory management.

New Culture

Seed Round in 2019
New Culture is a food and beverage company based in San Francisco, California, founded in 2018. The company specializes in producing animal-free cheese using innovative methods that involve microflora to create dairy proteins. By focusing on sustainable and ethical practices, New Culture aims to revolutionize the cheese-making process, offering a variety of delicious and healthy cheese alternatives. Their products are designed to reduce dependency on animal agriculture while providing consumers with access to nutritious dairy-like options.

GrubMarket

Series C in 2019
GrubMarket, Inc. is an online marketplace that connects sellers with customers by offering a wide range of food and related products at wholesale prices. Founded in 2014 and based in San Francisco, California, GrubMarket specializes in organic, vegan, gluten-free items, fresh produce, snacks, beverages, pantry staples, home goods, health and beauty products, and items for pets and children. The company sources food from local farms, fisheries, commercial kitchens, and restaurants, emphasizing quality and sustainability. In addition to its marketplace, GrubMarket provides a Software-as-a-Service platform designed for food delivery services and also features a gaming application called GrubMarket FarmBox. As a significant player in the B2B eCommerce sector of the American food supply chain, GrubMarket leverages artificial intelligence to enhance its services and operations.
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