Partake Foods, Inc. announced that it has received $4.8 million in funding from FF2032 Fund, Marcy Venture Partners LLP, CircleUp Network, Inc., Investment Arm, Black Capital Management, Black Angel Tech Fund, Lotus Bakeries NV and other investors
December 30, 2020
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On December 31, 2020, Partake Foods, Inc. closed the transaction led by Rihanna. The company has issued 479,396 series A preferred stock for gross proceeds of $4,800,000 in the transaction. The transaction included participation from 12 investors including new investor FF2032 Fund, a fund managed by Lotus Bakeries NV (ENXTBR:LOTB), Circleup Growth Partners, L.P, Black Star Fund, Black Capital Management, Bobby Wangner, Black Angel Tech Fund, Chuck Math, Jhon Foraker, Jay-Z, Robyn Rihanna Fenty, black investors, Gabriella Sarmiento Wilson and returning investor Marcy Venture Partners LLP. Lotus Bakeries NV (ENXTBR:LOTB) acquired minority stake in the company.
Lotus Bakeries NV, founded in 1932, operates worldwide in the indulgent and natural snacking segment with brands including Lotus®, Biscoff®, nàkd®, TREK®, BEAR®, Kiddylicious®, Peter's Yard®, Dinosaurus®, Peijnenburg® and Annas®. Headquartered in Belgium, Lotus Bakeries NV is a dynamic and internationally oriented company with production facilities in Belgium, the Netherlands, France, Sweden, South Africa and the United States. A third production facility for Biscoff is currently under construction in Thailand and will be operational by 2026. It has 23 sales organizations in Europe, America, Asia and Australia. Lotus Bakeries NV also works with commercial partners in approximately fifty countries worldwide. Lotus Bakeries NV has around 3,000 employees and achieved a revenue of EUR 1,063 million in 2023. Lotus Bakeries NV is listed on Euronext Brussels and is part of the BEL20-Index. The majority of shares are owned by the Boone and Stevens family.
Partake Foods, Inc. announced that it has received $4.8 million in funding from FF2032 Fund, Marcy Venture Partners LLP, CircleUp Network, Inc., Investment Arm, Black Capital Management, Black Angel Tech Fund, Lotus Bakeries NV and other investors
LOTUS BAKERIES NV 
