Home Private Equity Food Venture Financing News – Weekly Issue No. 175 | Davis Wright...

Food Venture Financing News – Weekly Issue No. 175 | Davis Wright Tremaine LLP

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Davis Wright Tremaine LLP

In This Issue:

  • Food Venture Financing Trends
  • CPG Corporate Venture and Private Equity Funds

  • 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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