Revolution Foods, Oakland, Calif., closed on a $10 million impact investment from Nuveen, a Chicago-based global investment manager. The financial support will help Revolution Foods reach more schools and community sites nationwide and expand its portfolio of better-for-you products.
“Revolution Foods offers a unique opportunity to invest in a fast-growing company with a high-quality management team that has demonstrated clear impact across multiple sectors – health, education and economic inequality,” says Rekha Unnithan, impact investing portfolio manager at Nuveen. “This investment aligns with our goal of delivering positive long-term investment performance to clients while meeting our strategic objectives of inclusive growth with clear and measurable impact. The fact that this company is also led and co-founded by women and has a gender-diverse management team is an added bonus.”
“We are honored and excited to be part of Nuveen’s global impact investing strategy, and couldn’t think of a better partner to elevate a mutual goal of delivering financial success through mission-driven initiatives,” adds Kristin Groos Richmond, chief executive officer of Revolution Foods. “Our mission is to transform citywide wellness through healthy, delicious school and community meals. With the help of Nuveen, we can expand the access to our products to even more students and families nationwide, as well as advance further systems change in the communities we serve—from policy and food systems to driving positive student academic and health outcomes.”