Campbell Soup Co. helped create and bankroll a venture capital fund to invest in startup food companies, President/CEO Denise Morrison revealed at a meeting of financial analysts today (Feb. 17). Campbell will be the lone limited partner in Acre Venture Partners LP, although it will be managed independently of the big food company. Campbell allocated $125 million to the fund, which will invest in small start-up food companies – an emerging trend among big food & beverage companies – especially ones that are developing truly novel products.
