Fidelity’s Billionaire Johnson Family Backs Consumer Venture Capital Fund
- Unfold Ventures launches with $300 million from owners of FMR
- Investments include spices, skincare and vegan vitamins
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FMR LLC, the parent company of Fidelity Investments, is backing a new venture-capital fund whose initial investments span spices, vegan vitamins and skincare.
Unfold Ventures began marketing itself Monday, launching with $300 million from FMR, which counts the billionaire Johnson family as its biggest shareholder.