General Mills' venture capital arm is the lead investor in a $1.25 million round of financing for an upstart gazpacho maker, Tio Gazpacho.
It's the latest investment by 301 Inc., a business development arm of General Mills that last October announced it would help fund fledgling food companies.
New York-based Tio Gazpacho, which was launched in 2014, has a line of organic gazpacho – a chilled soup – that's drinkable from a bottle.
Recently, 301 Inc. has also invested in a producer of organic cottage cheese, as well as an organic and natural snack maker that includes kale chips among its offerings.
![Attendees of Frostbike made their way through the convention Saturday at the Quality Bike Products campus in Minneapolis. ] (AARON LAVINSKY/STAR TRIBUNE) aaron.lavinsky@startribune.com Frostbike 2016 was held at the Quality Bike Products Campus on Saturday, Feb. 27, 2016 in Bloomington, Minn.](https://arc.stimg.co/startribunemedia/NH2BSHB74ND2V6GF2G2HI5X4MM.jpg?&w=252&ar=3:2&fit=crop)
