Evolv Ventures adds Seasoned Chicago Food-Technology Executive Steve Sanger as its Second Partner

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Updated: Nov 29

Evolv Ventures, $100 million venture fund backed by Kraft Heinz, is proud to announce the addition of Steve Sanger as Partner. Sanger will be based in Chicago and will help lead investments for the firm.

Alongside Evolv Ventures Managing Partner Bill Pescatello, Sanger will build upon Kraft Heinz’s history as a leader in developing iconic brands by leveraging the company’s internal assets and experience in areas such as food tech, industrial technologies, marketing, and ecommerce to appeal to early-stage startups seeking to disrupt the food industry.

“Steve's leadership and operating experience in food tech made Steve an ideal fit as a partner in Evolv," said Pescatello. "Steve has consistently been ahead of emerging trends in the space and is the right investor to work alongside me in identifying and investing in disruptive companies in the food tech sector."

Sanger brings a decade worth of experience in the food tech startup community. Mr. Sanger served as Vice President of Business Development for Grubhub, the nation's leading food ordering and delivery marketplace. As a part of the company’s senior leadership team, Sanger was responsible for the company's business development and initial corporate development efforts as well as helping to launch the company's initial delivery offering. Sanger also worked at Tribune Interactive and Diamond Management and Technology Consultants (acquired by PwC). He holds a bachelor’s degree from the University of Kansas, and a MBA from the University of Chicago Booth School of Business.

"I’ve always been passionate about the intersection of food, technology and venture capital. The opportunity to be a part of the launch and development of Evolv from its inception is a dream come true,” said Sanger. “I am excited to work with Bill and leverage Kraft Heinz’s many assets to provide entrepreneurs and startups a value-added strategic investment partner.”