The Kraft Heinz Co. has established a venture capital fund that will invest in emerging tech companies that are aiming to transform the food industry.
Chicago- and Pittsburgh-based Kraft Heinz (Nasdaq: KHC) said it has committed up to $100 million to the fund, dubbed Evolv Ventures, which will be based in Chicago.
The food company also brought on venture investor Bill Pescatello to lead the fund.
Pescatello is a founding member of Peacock Equity, a $250 million capital fund formed by NBCUniversal…
