August 3, 2017 — District Ventures Capital, Arlene Dickinson’s venture capital fund for food and health companies, has invested in cohort III member Chickapea Pasta.
Chickapea Pasta has revolutionized the pasta industry by developing a healthy and tasty alternative to the dinner-time-classic. Made from just two ingredients, chickpeas and lentil flour, Chickapea pastas are gluten free, non-GMO Project Verified, certified organic and vegan, and offer an amazing 23 g of protein.
The company’s line of healthy pastas has gained traction with independent, regional and national grocers across Canada and the United States.
In May, Taylor completed the cohort III program at Canada’s leading business accelerator for consumer packaged goods companies, District Ventures Accelerator. During that time, Taylor increased sales and expanded distribution into the U.S. market. Now Taylor has inked a deal with Canada’s leading venture capital fund for consumer packaged goods (CPG) companies.
“Chickapea Pasta is exactly the kind of company we’re looking to invest in: an innovative product that challenges the traditional food industry by offering consumers healthy alternatives; a strong track record of sales, and an incredible entrepreneur that’s built a great company,” said Arlene Dickinson, head of the venture capital fund.
Chickapea Pasta, together with District Ventures Capital, is looking to build on this momentum with the introduction of its second product line, a delicious Macaroni & Cheese, which will launch in the fall – just in time for back-to-school.
District Ventures Capital is part of an ecosystem of support that delivers capital, mentorship and marketing to innovative CPG companies. Founded in 2015 by Arlene Dickinson, District Ventures Accelerator, District Ventures Capital, and Venture Communications operate with the sole purpose to turning successful companies – like Chickapea Pasta – into globally respected brands.