TLDR:
- Pegasus Tech Ventures partners with Tokyo-based snack food company Calbee, Inc.
- Partnership aims to foster innovation and growth by investing in emerging technology companies.
Global venture capital firm, Pegasus Tech Ventures, has announced a partnership with Tokyo-based snack food company, Calbee, Inc., to invest in emerging technology companies. The collaboration will focus on connecting Calbee with startups developing new products and technologies in the United States, Europe, Israel, and Asia to create new healthy snack foods, production techniques, business models, and other innovations. Pegasus Tech Ventures has a successful track record in the food tech sector, with investments in companies like Impossible Foods, Doordash, and Instacart. The partnership aims to leverage Pegasus’ global network and expertise in open innovation to drive industry-leading innovation and expand Calbee’s global market footprint. Founded in 1949, Calbee has operations in 10 countries and regions, and is known for manufacturing and selling potato, wheat, corn, and bean-based snacks and cereal products. The company’s North America headquarters are located in Fairfield, California, with PepsiCo, Inc. as its largest shareholder through a licensing agreement to produce and distribute Frito-Lay snacks.
