Chilean food processing giant Carozzi is making waves in the investment landscape with the launch of a $6 million corporate venture capital fund aimed at bolstering innovation in sectors often overlooked by traditional investors. This strategic move will see Carozzi channel its resources primarily into agritech, foodtech, supply chain, manufacturing, and pet care over the next three years, signaling a shift towards a more diversified investment approach.
The fund is designed to support startups in their formative stages, specifically targeting companies in the pre-seed to Series A phases. Carozzi plans to invest in three startups annually, with individual investments ranging from $300,000 to $1 million. This commitment not only provides essential financial backing to emerging businesses but also offers them an invaluable opportunity to validate their projects through Carozzi’s extensive operational framework and distribution networks.
Leading the investment committee are notable figures including Rocío Fonseca from Emprende tu Mente, Lorena González from Aurus, and Carozzi’s own José Manuel Muñoz and Pedro Fernández. Their diverse backgrounds will bring a wealth of experience and insight to the fund, which aims to identify and nurture innovative solutions that could reshape the food and agricultural landscape in Chile and beyond.
Gerardo Zañartu, Carozzi’s CVC Manager, emphasized the fund’s unique positioning, stating that the company will focus on sectors often overlooked by traditional venture capital funds due to perceived unattractiveness. This approach not only broadens the scope for innovation in these fields but also aligns with Carozzi’s commitment to enhancing its own operational capabilities and product offerings.
By capping its equity stake at 10%, Carozzi ensures that startups maintain significant control over their operations while still benefiting from the company’s expertise and market access. This model fosters a collaborative environment where startups can thrive, potentially leading to groundbreaking advancements in food production, supply chain efficiency, and pet care innovation.
As Carozzi embarks on this venture, the implications for the agritech and foodtech sectors are profound. The infusion of capital and resources into these areas could accelerate technological advancements, improve sustainability practices, and enhance food security in the region. With a focus on nurturing young companies, Carozzi is not just investing in financial returns but is also playing a pivotal role in shaping the future of food and agriculture in Chile.
