By Carol Ortenberg – Nosh.com – Photo Not Credited.
Mexican-American family-owned food brand Siete Family Foods announced today the close of a $90 million minority investment from Stripes Group in order to help fulfill the company’s growth plan, co-founder and CEO Miguel Garza told NOSH. Siete previously closed a smaller round of angel investment roughly three years ago, but Stripes will be the brand’s first institutional investor. As part of the deal, Stripes partner Karen Kenworthy will join Siete’s board as a director and Stripes partner Chris Carey will join the board as an observer.
