AGT Foods invests in Canadian pasta brand Chickapea

Core Insights - AGT Foods has invested C$4.3 million ($3.1 million) in Canadian pasta company Chickapea, which will use the funds for marketing, product development, and expanding distribution in North America [1][2][3] - Chickapea, founded in 2015, specializes in organic dried pasta made from chickpeas and yellow peas, offering various formats such as penne and spaghetti [2][3] - The investment follows a significant growth period for Chickapea, with retail velocity increases of 25-50% in Canada and the US this year [3] Investment Details - The funding round was led by AGT Foods and included FCC Capital and existing investor InvestEco, which has been involved since 2019 [1][2] - Murad Al-Katib, president and CEO of AGT Foods, has joined Chickapea's board of directors as part of the investment [2][3] Company Background - Chickapea aims to scale its brand in response to growing consumer demand and is exploring new retail channels [2][3] - The company previously raised C$9.3 million in a Series C round in 2021 to support its North American expansion [4]