Home Private Equity Food Venture Financing News – Weekly Issue No. 178 | Davis Wright...

Food Venture Financing News – Weekly Issue No. 178 | 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
  • Links to Relevant Content and Events

  • Voyage Foods, a California foodtech company that develops eco-friendly snacks and spreads, announced that it raised $22 million in funding.
  • Planet A, a German-based foodtech company that develops climate-friendly cocoa alternatives, announced that it raised $15.4 million in its Series A round.
  • Utz Brands announced that it is selling its Good Health and R.W. Garcia snacks to Our Home, the owner of Popchips, for $182.5 million.

CPG Corporate Venture and Private Equity Fund

This week’s featured corporate venture and private equity fund is 1st Course Capital.

  • 1st Course Capital (“1CC”) is an early stage venture capital firm that invests in companies that change “how we grow, produce, and distribute food.”
  • The portfolio companies include the following:
    • BlueCart – Powering B2B e-commerce solutions for the foodservice industry
    • Bobbie – Infant formula produced using clean and transparent ingredients
    • Ellement – Personalized prenatal supplements and customized support
    • AgriDigital – Commodity trading platform remaking the supply chain for improved traceability and margins for farmers
    • Dispatch Goods – Reverse logistics company offering re-usable packaging for restaurant delivery and takeout
    • Maev – Building the future of dog care

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