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The Food Institute Secures Second Investment from Gellert Family to Accelerate Growth

Mar 1, 2022

The Food Institute News Envelope Icon Twitter Icon News, Data and Trends Since 1928 The Food Institute Secures Second Investment from Gellert Family to Accelerate Growth PINE BROOK, N.J., Mar. 1, 2022/FINewswire/– The Food Institute, the leading source for food industry news, data, and trends, announced today that the company has secured a second round of investment capital from the Gellert family, owners of the Gellert Global Group. The funds will be used to help accelerate The Food Institute’s growth initiatives over the next 12-24 months, which include hiring key personnel, expanding digital content programming and services, and growing its multimedia platform. “The Food Institute has experienced a dramatic transformation over the past 12 months – from a traditional publisher of news and data to a dynamic multimedia company delivering the very best in food industry journalism and content,” said Brian Choi, The Food Institute’s Managing Partner and CEO. “I’m thankful for the Gellert family’s continued support and for being long-term strategic partners.” The Gellerts are the owners of multiple food businesses, including Atalanta Corporation and Camerican International, and boast three generations of expertise in food importing, food manufacturing, and foodservice. “We have seen the tremendous growth in The Food Institute over the past 12 months since our initial investment and are excited about its future,” said Andy Gellert, President of Gellert Global Group. Pat Mulhern, board member of The Food Institute, said “the future is bright for media companies who are able to capitalize on providing differentiated content. Under Brian’s leadership, along with the support of Gellert Global Group, The Food Institute is thriving in a time when food industry participants need unbiased and informed content solutions the most.” The Food Institute’s content platform includes the following key features: News and insights-driven articles Industry events and conferences The Food Institute is looking to add industry partners in 2022. To inquire about membership, sponsorship, and advertising opportunities, contact us at  questions@foodinstitute.com . For content partnership or media company acquisition inquiries, contact us at partnerships@foodinstitute.com . About The Food Institute The Food Institute has been serving the food industry with relevant, timely information for over 90 years. It serves as a trusted source, providing balanced coverage of the issues through business newsletters and online research tools. The Food Institute is the publisher of several daily, weekly and annual publications, as well as the host of various webinars, podcasts, seminars, and digital video content that provide in-depth information and analysis on food industry-relevant topics. For more information, visit  www.foodinstitute.com Contact: Brian Choi, Managing Partner & CEO of The Food Institute brian.choi@foodinstitute.com  or 201-791-5570 ext. 700 About Gellert Global Group The Gellert Global Group consists of many of the leading North American food importing companies and has been involved in importing food products for over 100 years. The combined revenues of the Group exceed $1 billion. The Group supplies the needs of retailers, distributors, foodservice chains, hotels, cruise lines, and food manufacturers alike. The Group is also active in restaurant operations and non-food operations, as well as real estate investments in the greater metropolitan New York area. For more information, visit  www.gellertglobalgroup.com Contact: Andy Gellert, President of Gellert Global Group

Andy Gellert Investments

2 Investments

Andy Gellert has made 2 investments. Their latest investment was in Akua as part of their Seed VC on November 11, 2021.

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Andy Gellert Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/5/2021

Seed VC

Akua

$3.2M

Yes

4

11/14/2018

Series B

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$99M

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10

Date

11/5/2021

11/14/2018

Round

Seed VC

Series B

Company

Akua

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Amount

$3.2M

$99M

New?

Yes

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Co-Investors

Sources

4

10

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