Backing a digital enabler for safer, more sustainable food supply chains – JP Moncayo on the Apax Global Impact Fund’s investment in Foods Connected

“Foods Connected provides integrated risk management software for the world’s largest food companies. This software solution helps food producers, retailers, and restaurants run safer and higher quality production processes and supply chains. By moving these processes out of spreadsheets and paper, Foods Connected makes it easier to reduce risks and ensure customers meet top standards for food safety and quality."

“We’ve been keeping an eye on the food safety and compliance software space, as the food industry is under significant pressure to improve safety, quality, and sustainability. This pressure is catalyzing software adoption broadly, especially with the largest food retailers and producers. Foods Connected meets that demand with a high-quality, comprehensive solution, covering procurement, quality, supplier compliance, and specification workflows. Its strong customer references and impressive growth is proof of the demand for its solution and the impressive team behind it.”

“By joining forces, we can help accelerate the company growth and unlock new opportunities. Apax and the management team will work together on key growth initiatives, leveraging the company’s deep subject-matter expertise, Apax’s software knowledge, and the firm’s Operational Excellence Practice. Hilton Foods will remain a key shareholder and strategic partner given their knowledge of, and role in, the global food supply chain.”

“AGI's mandate is to back businesses that deliver both strong financial performance and measurable positive impact. Foods Connected is a perfect example – its software helps make food safer and higher quality, by digitizing key production and supply chain actions. By scaling the business, we’re not just building a leader in food supply chain software, we’re also supporting safer food systems around the world.”

“Our focus is on driving growth with impact. We are excited to back Roger McCracken, Co-founder and CEO of Foods Connected and the management team, as they continue to strengthen ties with existing customers, further build out the platform, and expand internationally. The food supply chain is still fragmented and complex, so there’s a large opportunity for Foods Connected to become a go-to global partner for safety, compliance, and sustainability. Our goal is to help scale the company into a key industry player that delivers real value for customers while making food supply chains safer and more resilient.”