Jay-Z Invests $1 Million In Black Owned Vegan Cookie Company

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.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s