Specialty food company closes $3.75M investment

BONITA SPRINGS — Innovative Food Holdings, which provides chefs and consumers direct access to specialty food products as well as gift boxes and other curated products, recently announced the closing of $3.75 million private placement.

Funds associated with current board members, including JCP Investment Partnership LP and SV Asset Management LLC participated in the private placement, according to a statement. Outside investor Bandera Master Fund LP also participated in the investment, the release adds. The investors purchased shares of the Bonita Springs-based company's common stock at a price of $0.40 per share in the private placement, which closed Aug. 26.