Chilean food products company Carozzi has launched a CVC to go after foodtech and supply chain startups.
The new unit, called Carozzi Ventures, is seeking to invest $6m over the next three years, targeting technologies in what it calls “agrifood”, petcare, supply chain and advanced manufacturing. It was set up in May 2024 but has been in stealth until this month.
In addition to deploying up to $1m per investment – with a view to back three startups on average each year – Carozzi Ventures will provide access to piloting opportunities through its corporate, as well as access to its distribution channels for startups to take advantage of.
More than just smart money, its website says, it will be focusing on what it calls scale money.
Gerardo Zañartu – formerly innovation and new business manager at online retailer Abcdin, whose CVC unit ABC Ventures he headed – is managing the fund.
