District Ventures Capital announced a $9.3 million investment, co-led with InvestEvo Capital and Export Development Canada in organic pasta brand Chickapea.
The investment will grow its product line in Canada and the U.S. and include more nutrient dense pasta.
Chickapea entered District Venture’s accelerator program in 2017.
“Our initial investment in Chickapea was driven by the insight that consumers were looking for nutritious alternatives to traditional pasta. Four years later, this demand continues to increase and Chickapea continues to provide new ways to enjoy a healthy take on a staple household favourite,” says Arlene Dickinson, general partner of District Ventures Capital.
District Ventures Capital is a consumer goods capital fund and consists of a team of finance and marketing experts, including a George Weston executive.