Home Business News Billionaire Jay-Z Invests $1 Million in Black-Owned Vegan Cookie Company
Billionaire Jay-Z Invests $1 Million in Black-Owned Vegan Cookie Company

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

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Jay-Z continues to give back, this time by investing in Partake Foods, a Black-owned company that makes vegan cookies that are mainly allergen-free.

Black Enterprise reports the rapper’s Marcy Venture Partners led a $1 million seed round in the New Jersey-based health food company, which isn’t the first time he’s invested in the space.

Others who’ve invested in Partake Foods — which began three years ago — include the chief growth officer of Beyond Meat Chuck Muth, SoFi Venture, Backstage Capital and investment firm The Factory.

Partake Foods was started by former Coca-Cola national sales director Denise Woodard in 2016, because her daughter suffered from bad food allergies. All of the company’s products are said to be free of the top eight allergens in the United States and don’t contain gluten.

Some of the flavors offered are Carrot Oat, Birthday Cake, Double Chocolate Chip, Sweet Potato and Double Chocolate with prices starting at $14.99.

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