Solve For Food Lands Initial Investor, Sets Sights On Radically Shifting Food Processing Industry

Business Insider

BENTONVILLE, Ark., Sept. 6, 2017 /PRNewswire/ -- Food processing innovation startup, Solve For Food, announced today that IV Ventures, LLC has agreed to be the initial investor of the first Food Innovation Center.

Solve For Food's leadership team, comprised of consumer packaged goods industry veterans from Walmart, Sam's Club and Procter & Gamble, announced last spring it aimed to raise $13 million in capital to break ground on the startups' first Food Innovation Center. The center will provide established food companies and startups with concept-to-consumption food production and innovation services using the revolutionary MATS food preservation technology.

"We really believe in the Solve For Food mission and strategy to develop more nutritious packaged foods," said Brandon Ivie, president of IV Ventures, LLC. "Their approach will revolutionize the way the industry produces, and the market consumes, packaged foods, and we share their passion for game-changing technology. The value they will provide to the industry is core to our own mission."