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Starbucks to invest $100M in food, retail startups through new venture fund

Starbucks Corp. said March 20 that the company will invest $100 million in fund Valor Siren Ventures I LP, which will promote food and retail startup technology companies.

Valor Siren, managed by Valor Equity Partners, seeks to raise $300 million more from partners and investors in the coming months.

The coffee chain also plans to look for direct commercial arrangements with the startups.