DMG Ventures has launched two new £25million funds, targeting fast-growing start-ups across Europe and the US. And the Scale fund has already handed investment to CBD-infused mindful drinks group TRIP and cacao brand Blue Stripes. New York-based Blue Stripes, which has products in more than 1,500 US stores, is tackling waste in the chocolate industry by upcycling discarded cacao fruit into new products, such as drinks, snacks and granola. Rachel Muzyczka, partner at DMG Ventures, said TRIP and Blue Stripes represent ‘two of the best emerging food and beverage brands globally’. She added: ‘TRIP is among the most outstanding start-ups we have seen, while Blue Stripes’ team is team is second to none.

Source: Daily Mail November 05, 2024 14:41 UTC