In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Danone announced that it plans to sell its Horizon Organic and Wallaby Brands businesses to Platinum Equity, an investment firm, for an undisclosed amount. Danone will continue to retain a minority equity stake in the businesses after the sale.
- Fasal, an agritech innovative startup, announced that it raised approximately $12 million in its Series A round.
- The Invasive Species Corp, an agritech startup that develops biological solutions to target invasive species, announced that it raised $2.5 million in its pre-seed round.
CPG Corporate Venture and Private Equity Fund
This week’s featured corporate venture and private equity fund is 199 Ventures.
- 199 Ventures is the corporate venture group for Hormel Foods.
- 199 Ventures partners with emerging food companies and entrepreneurs that create innovative products focused on improving the lives of consumers. Their areas of focus include the following:
- Alternative Proteins
- Food Technology
- Fueling Foods
- Direct to Consumer New Business Models
- Among others, this venture group has partnered with Green Circle Foodtech Ventures, The Better Meat Co. and the Explore Cuisine.
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