Jay-Z continues to do great things with his amassed wealth. Hip-Hop’s first Billionaire made a recent $1 million investment in a Black-owned vegan company called Partake Foods.
Former Coca-Cola sales director, Denise Woodard, started the company in 2016 after her daughter was diagnosed with a variety of food allergies. She states on the company’s website that after leaving several grocery stores frustrated and mystified because there were no allergy-friendly snacks on the shelves, she decided to do something about it and create her own.
In 2017, Woodard left her corporate job to focus on Partake Foods full-time. Since then, she’s gone from selling health-conscious cookies out of the trunk of her car, to now having her products in more than 300 stores across the country, including select Whole Foods and Wegmans. That’s not a bad way for the cookie to crumble.
She says she hopes the recent investment from Jay-Z’s venture capital firm, Marcy Venture Partners, as well as the investments she’s received from other firms will help her to continue to grow her brand and scale her business.
Marcy Venture Partners co-founder and managing director Larry Marcus said. “We are honored to back Denise and the team and help grow their business.”