Tesco Invests 20M in Food Fund
Tesco has committed 20 million pounds to a new venture capital fund launched by Henry Dimbleby. The Bramble Fund aims to support startups developing healthier and more sustainable food technologies across the UK.
Insights:
Tesco has committed £20 million ($26.5 million) to a venture fund launched by Leon Restaurants co-founder Henry Dimbleby to drive food innovation across the United Kingdom, it said on Thursday morning. The Bramble Fund I is targeting £100 million in total capital to back sustainable food technologies. The investment establishes a direct pipeline for retail suppliers to test new products within the supermarket's supply chain.
