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.
The fund spent about a year prior to the launch quietly investing in four startups in health, wellness and beauty. The majority of the fund’s assets have not yet been invested.
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