District Ventures Capital invests in Queen Street Bakery

1 minute read
05 August 2020

On August 5, 2020, Queen Street Bakery, a Canadian food startup disrupting the gluten free industry, announced that it had secured a new strategic equity partner in District Ventures Capital.

Queen Street Bakery creates allergen-free products from functional ingredients like chia flour and bean flour. Despite the restrictions of the pandemic, QSB has grown from just 50 stores in the GTA to over 1,000 stores Canada-wide. The company's customers include leading Canadian retailers such as Loblaws, Sobeys, Whole Foods, Farm Boy and Choices Markets.

District Ventures is a venture capital fund investing in innovative companies in the food & beverage and health & wellness sectors. The fund is led by General Partner, Arlene Dickinson. District Ventures is the leading ecosystem in Canada that focuses on the CPG space and brings capital, marketing support, programming and commercialization as support to the companies it invests in.

Gowling WLG advised District Ventures with respect to this investment with a team that included Ian Palm and Josh Rosen.

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