Allergy-friendly/vegan food brand snack company, Partake Foods which started off in 2020, opening with approximately 350 stores is kicking off 2021 with major investors such as Rihanna, JAY-Z, former NBA player Kevin Johnson’s Black Capital, Seattle Seahawks’ Bobby Wagner, and Grammy Award-winning singer H.E.R.
The budding company closed a $4.8 million funding deal which will help boost operations, product manufacturing, marketing, distribution, and more.
This marks Rihanna’s first investment outside of her Fenty umbrella housing Fenty Beauty, Savage x, Fenty Skin, and the Fenty fashion line.
CEO of Partake Food, Denise Woodward, speaking on intentionally seeking black investors said: “That was very deliberate. I feel very passionate about continuing to increase wealth in the Black community wherever possible and so having investors on board that understand those missions and goals is really important to me.”
Denise Woodard is the first woman of color to raise $1 million for a food startup.