In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
- Links to Relevant Content and Events
Food Venture Financing Trends
- 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
[View source.]
