Announced
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Synopsis
VNV Global, an investment company, led a $16m Series A funding round in Collectiv Food, a developer and supplier of an online procurement platform and food products intended to source food and drink directly from producers. Other investors include VisVires New Protein, Octopus Ventures, Norrsken VC, Partech, Colle Capital, Mustard Seed and Frontline Ventures. “We’re being pushed by a combination of strong tailwinds: end-consumers demanding a better understanding of provenance; cities implementing air pollution regulations that limit large freight; a post-COVID hospitality industry desperate to improve margins but with limited staff availability to facilitate this in-house. Combined with our innovative model, we’re able to set our sights on not only becoming a European leader in food distribution over the next few years, but even a global one," Jeremy Hibbert-Garibaldi, Collectiv Founder.
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