In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Picnic, a Dutch e-grocery startup, announced that it raised 355 million Euros in its recent fundraising round. Investors included The Gates Foundation and Edeka, Germany’s largest supermarket group.
- Standing Ovation, an alternative protein food tech company, announced that it received 2 million Euros in government funding.
- Semaai, an agritech startup that provides solutions to maximize efficiency for rural farmers, announced that it raised $4.7 million in its pre-Series A capital raise.
CPG Corporate Venture and Private Equity Fund
This week’s featured corporate venture and private equity fund is 7-Ventures.
- 7-Ventures, LLC, is the 7-Eleven® corporate venture arm focused on investing in startups that complement 7‑Eleven’s mission of convenience.
- Portfolio companies include:
- Super Coffee
- Adrenaline Shoc
- BellyCard
- KeyMe
- PayNearMe
- 7-Ventures invests in early-stage food and beverage businesses as well as convenient services. Its portfolio companies gain access to the 7-Eleven business system, offering guidance with commercial distribution, operations support, product development, marketing, insights, and analytics.
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