Vegan cookie brand Partake was recently selected by investment bank Goldman Sachs to participate in the first Launch With GS Black and Latinx Entrepreneur Cohort. The eight-week virtual experience provides access and resources to a select group of Black and Latinx entrepreneurs to fast-track their companies’ growth and help build relationships with investors and industry leaders. Partake is one of 14 businesses and the only food manufacturing company selected for the inaugural program.
“We’ve been able to tap into an amazing group of mentors in the Goldman Sachs network that have helped with everything from analyzing financial analytics and sales data, investor presentations and introductions, and gaining additional publicity for the brand,” Denise Woodard, CEO and founder of Partake Foods, told VegNews.
Woodard founded Partake in 2016 when her young daughter was diagnosed with multiple food allergies. The brand launched with three crunchy cookie flavors and has since introduced a soft-baked cookie line and five new flavors. Last year, Partake closed a $1 million investment from venture capital firm Marcy Venture Partners, co-founded by musician Jay-Z. The company recently received a new round of funding in an undisclosed amount with investors that include Grammy Award-winning singer and songwriter H.E.R. Partake plans to use its new capital to support expansion.
The brand launched in Target stores nationwide in May and will further expand into additional Whole Foods regions, including Florida, North Carolina, the South, and the Mid Atlantic next month.