Starbucks Invests $100 Million in Valor Siren Ventures I
June 11, 2019
Cleary Gottlieb represented Starbucks Corp. (Starbucks) in its $100 million anchor investment in Valor Siren Ventures I LP, a new fund managed by Valor Equity Partners (Valor) that will focus on investments in companies that are developing technologies, products, and solutions relating to food or retail.
In addition to its investment in the fund, Starbucks entered into a strategic relationship with Valor, which will involve Starbucks exploring direct commercial arrangements with companies identified by Valor as potential investment opportunities for the fund.
Starbucks announced its investment on March 20, 2019.
Starbucks is a premier roaster and retailer of specialty coffee, with operations in 78 markets around the world. As of March 31, 2019, it had more than 30,000 company-operated and licensed stores.
Valor is an operational growth investment firm focused on control and noncontrol investments in high-growth companies across various stages of development.
For more information, please see the press release here.