Better Foods, Subsidiary of Shinsegae Food for Plant-based Products, Attracts Investment from Cleveland Avenue
Better Foods , Shinsegae Food’s (KRX: 031440) subsidiary specializing in plant-based products, announced investment attraction from Cleveland Avenue, a U.S. venture capital.
- Better Foods , Shinsegae Food’s (KRX: 031440) subsidiary specializing in plant-based products, announced investment attraction from Cleveland Avenue, a U.S. venture capital.
- View the full release here: https://www.businesswire.com/news/home/20240111633048/en/
Better Foods and Shinsegae Food CEO Song Hyun-suk (left) and Cleveland Avenue Founder & CEO Don Thompson are taking photos after signing the investment agreement at the head office of Shinsegae Food in Seongsu-dong, Seoul. - In particular, Cleveland Avenue positively evaluated the steady business growth achieved by Shinsegae Food, the parent company of Better Foods, through the application of meat substitutes in various fields including food manufacturing, bakery, meal service, and restaurant business.
- In addition to monetary investment, Cleveland Avenue also agreed to actively cooperate with Better Foods for its global market entry as a strategic investor.