The rap star, who was revealed as officially the first billionaire rapper, founded venture firm Marcy Venture Partners in 2018 with venture capitalist Larry Marcus. Marcy led the $1M seed funding round which included The FactoryBackstage Capital, SoFi Ventures, and Beyond Meat’s Chief Growth Officer, Chuck Muth.
“Partake has the ingredients to build a mass market brand: compelling values, a great tasting product, and a tenacious and experienced operator,” said Marcus in a press release. “We are honored to back [Partake Founder] Denise [Woodard] and the team and help grow their business.”
Former Coca-Cola national director Denise Woodard founded Partake Foods in 2016 when her daughter was diagnosed with several food allergies. The entrepreneur raised over $30,000 on Kickstarter to initially fund the business, and stated that the cash injection will be used to increase the team and accelerate growth.
The vegan and allergen-free cookies are currently available on Amazon, at some Whole Foods stores, Wegmans, and independent natural food stores across the USA.