Jack & Jake's, a sustainable food distributor based in Louisiana, has received a $225,000 investment round led by Keller Enterprises and joined by the Social Venture Fund of The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan. Angel investors and Amcref Community Capital also participated. Jack & Jake's is building a local food system in southeast Louisiana that includes a network of over 200 local farms and fishers, a central fresh food warehouse, and refrigerated transportation. “We are strengthening the local food supply and reducing the price of healthy fresh foods by developing and implementing the infrastructure necessary to connect farmers and fishers with those who need access to healthy foods at an affordable price,” the company states. Students in the Social Venture Fund have created metrics against which to measure the impact of the investment in financial, community, and environmental terms.
Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.
For more finance and investment information, visit Nutrition Capital Network news.