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Drake Invests In Plant-Based Chicken Startup Daring Foods' $40M Round

Faux meat is in and Drake wants parts! As the faux meat industry continues to boom, Daring Foods Inc., has managed to raise $40 million from investors just a little over a year after its plant-based chicken debuted last year, reports Bloomberg Green. The series B funding round was led by D1 Capital Partners along with existing investors such as Palm Tree Crew and Maveron. Amongst the investors includes Drake, who has mentioned that he’s a vegetarian adding him to the list of growing celebs that are backing faux meat like fellow rapper Jay-Z and tennis superstar Serena Williams. Daring plans to use the new funds to triple its retail distribution, which already includes products on shelves in stores like Kroger and Costco, to more than 4,500 U.S. stores this year.   View this post on Instagram   A post shared by daring foods (@daringfoods) “The first wave of plant-based was really focused on taste and texture, but then you had the sacrifice of other elements, like health,” said Ross...

May 19, 2021

Moses Shepherd Secures Multimillion-Dollar Deal with Detroit’s Fuel Transportation System

ACE Petroleum , a certified Minority Business Enterprise founded by Moses Shepherd, has just found its way into the annals of Detroit’s history. The supplier that offers fueling solutions to government-run businesses and other entities has just secured a multimillion-dollar deal to operate as the fuel carrier of choice for the Detroit transportation system. The founder and CEO shared his perspective on the achievement with Black Business, referring to it as “a major milestone.” “ We’ve worked hard for two years to grow our competencies, quality metrics and infrastructure to service large municipalities and compete on a national level ,” Shepherd said. “ The city’s confidence in our abilities to deliver the comprehensive fuel services needed to support, protect and serve Detroiters is rewarding and validates our efforts. ” Shepherd has entered a niche in which there is limited competition among minority competitors. According to a 2017 report by the U.S. Labor Department , less than...

Jan 24, 2020