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ImpactAlpha, February 20 – Chicago-based Nuveen invested $10 million in Revolution Foods to help the company expand operations and add more healthy options to their menus.
Revolution Foods is a women-led and founded company that produces and delivers high-quality natural food to 2 million schools and communities per week. Revolution has raised nearly $130 million in financing since 2010, according to Crunchbase.
Nuveen, the investment manager of TIAA, has more than $930 billion in assets under management. The Revolution investment is part of Nuveen’s global impact investing private equity strategy, which the firm says has allocated more than $850 million since 2012.
