September 8 (SeeNews) - Croatian venture capital fund Feelsgood said on Thursday it signed an agreement to invest 500,000 euro ($500,000) in Croatian-Slovenian foodtech startup Juicefast.
The investment will help Juicefast increase its production of high quality fruit and vegetable juices and make them available to more users who want to regulate their weight and improve their health, the two companies said in a joint statement. It did not elaborate what share in the startup gained Feelsgood in exchange for its investment.
Cofounders of Juicefast are brother David and Marko Dravinec, who combined their two earlier separate projects, Detox.hr and a pilot project for health meals, with the support of Feelsgood, into the new, Slovenia-registerd company Juicefast.
It is the first investment by Feelsgood outside Croatia and is part of a recent investment round worth 750,000 euro in Juicefast. Investor Sandro Mur provided the rest of the funding.
Feelsgood is the first Croatian venture capital fund for investments with social effect. It has an investment capital portfolio of 30 million euro.
The European Investment Fund one of the largest investors in Feelsgood.
($=1.00009 euro)