Kraft Heinz Hires Former Grubhub Exec for its $100M Food-Tech Venture Firm

Chicago-based food conglomerate Kraft Heinz launched Evolv Ventures in October, a new $100 million venture fund designed to provide capital to tech startups disrupting the food industry.

To help lead the firm, Evolv announced Thursday that it has named Steve Sanger, Grubhub’s former vice president of business development, a partner at the firm. He joins Bill Pescatello, a former partner at Lightbank, who was hired as Evolv’s managing partner when it launched.

Sanger, a University of Chicago Booth School of Business grad, started his new role last week and will be focusing on leading investment deals for Evolv. Sanger said Evolv will specifically invest in early-stage food, e-commerce, marketing and logistics tech companies.

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