Fody Foods Secures $8.5M Investment to Fuel Growth
Summary
"We love innovative products in the food space especially ones that not only taste great but enhance a consumers diet through a natural ingredient base," said Arlene Dickinson, General Partner of District Ventures Capital. "Fody, a B Corp certified company, is led by an experienced entrepreneur, focused on providing clean, gut-healthy foods to aid the millions of people suffering from digestive issues. ""Fody Foods is at the forefront of the rapidly evolving digestive health industry, and the company has demonstrated its ability to develop unique high value products for a growing market," said Carl Burlock, Executive Vice-President and Chief Business Officer at EDC. Fody is a one-stop shop for delicious, gut-friendly products in a variety of categories including sauces, salsas, marinades, condiments, dressings, seasonings and snack bars. To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, the Government of Canada has expanded EDCs domestic capabilities until December 31, 2021.