Kraft Heinz’ $100M venture fund makes first investment


Kraft Heinz Co.’s venture fund has made its first investment.

Evolv Ventures, the $100 million venture fund that the food giant announced last October, has staked startup GrubMarket, FoodNavigator-USA.com reported.

Kraft Heinz (Nasdaq:KHC), based jointly in Pittsburgh and Chicago, did not disclose the size of Evolv’s investment in the $25 million funding round.

GrubMarket, based in San Francisco, is the developer of a software platform that connects local farmers directly with restaurants…

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