FinTech news in food category

The new capital will assist Pastel in increasing its efforts in this area as it looks to expand its product offerings and develop more productivity and finance management features and tools around group savings, loans and payments for small businesses.

The publication reported that Menlo Park-based Sequoia is looking at $1.5 billion for a U.S. growth fund focused on later-stage companies and a $750 million fund targeting earlier-stage startups. The storied venture capital firm announced that it was breaking with tradition, abandoning the traditional fund structure and their artificial timelines for returning LP capital.

In 2021, Gandhi started Creative Juice alongside Ezra Cooperstein, the president of Night, a management company representing top digital creators like makeup maven Safiya Nygaard, underwater treasure hunter DALLMYD and stunt YouTuber MrBeast, who also sits on the Creative Juice cap table.

Cayena founders Gabriel Sendacz, Pedro Carvalho and Raymond Shayo believe injecting technology into procurement will make the process much simpler for food preparation facilities, like restaurants, bars, bakeries, hotels and dark kitchens, in their home country of Brazil and across the region.