CHICAGO — Valor Equity Partners completed its oversubscribed fundraise for Valor Siren Ventures II LP, backed by existing anchor investors Starbucks Corp. and Nestle SA. The fund closed on $595 million, surpassing its $400 million target, and will build on the success and strategy of Valor Siren Ventures I LP, supporting early-stage companies, entrepreneurs and founders in food, food technology, retail, retail technology and sustainability within food and retail markets.
“We are incredibly grateful to be trusted and backed again by Starbucks and Nestle, two iconic companies in the food, beverage and retail industry,” said Jon Shulkin, Valor Siren Ventures fund manager, Valor partner and co-president of the firm. “Our world class strategic and financial partners in VSV I rejoined us in our oversubscribed VSV II fundraise. VSV II will continue to partner with and serve exceptional entrepreneurs and companies that are driving innovation and leadership within our sector focus areas with an increased emphasis on sustainability.”
Founded in 2001, Valor Equity Partners is an operations-focused investment firm with expertise in consumer products, manufacturing, infrastructure and industrial services, restaurants and retail, and leisure and entertainment. Portfolio companies include RIND Snacks, Mason Dixie Foods, Spero Foods, Opopop, LesserEvil Healthy Snacks, Zero Egg, Voyage Foods and others.
“At Valor, we invest with and serve outstanding entrepreneurs and companies that are making the world a better place,” said Antonio Gracias, Valor founder, chief executive officer and chief investment officer. “VSV II is another example of our team delivering the firm consistent with our mission and purpose. Consistent with our long-term track record, VSV II, building on the success of VSV I, provides a unique and value-added platform for Valor to serve early-stage companies.”
