Skip to content
DWT logo
People Expertise Insights
About Locations Careers
Search
People
Expertise
Insights
About
Locations
Careers
Search
Publications
Food + Beverage

Food Venture Financing News - Weekly Issue No. 97

U.S. appetite remains strong despite inflation
03.30.22
Share
Print this page

In This Issue:

  • Food Venture Financing Trends
  • CPG Corporate Venture and Private Equity Funds
  • Links to Relevant Content and Events

Food Venture Financing Trends

  • KoRo, a direct-to-consumer foodtech startup company, raised $55 million in its Series B round. The company plans to use the capital to expand its global presence and develop products.
  • Resugar, a foodtech startup that produces an all-natural sugar substitute, raised $3 million in its Series A round.
  • The National Confectioners Association reported that consumers spent a record $36.9 billion on candy in 2021. The association predicts that candy sales will increase to $44.9 billion by 2026.

CPG Corporate Venture and Private Equity Funds

This week's featured program is PINC Group.

  • PINC is Paulig's (a Finnish family-owned food and beverage company) venture arm for early stage investments in the future of food. PINC's objective is to help Paulig renew itself and prosper as well as contribute to a tastier, healthier and more sustainable planet.
  • PINC's primary investment focus includes the following:
    • Pre-seed & seed
    • Scalable to 10-50+ MEUR within 5-10 years
    • Nordics but open to Europe
    • High degree of innovation in Taste, Health, Sustainability or Availability
    • Lead or co-invest
  • PINC's portfolio includes the following:
    • Melt & Marble - next generation of plant-based fat
    • Carrot Kitche - mobile cooking buddy for kids
    • Mirai Foods - second generation of cellular meat
    • Kaffe Bueno - upcycling of coffee waste into high value ingredients

Links to Relevant Content and Events

ARTICLES


  • Local Bounti to Acquire Indoor Farming Operator Pete's for $122.5 Million
  • Berkeley's Umaro Foods Secures $3 Million for Seaweed Bacon
  • MeliBio Secures $5.7 Million in Seed Funding to Disrupt Global Honey Industry
  • Rasa Raises $3.25 Million in Crowdfunding Campaign
  • Wanda Fish, Tufts Accelerate Production of Cell-Cultivated Fish
  • Spot & Tango Raises Another $38.5 Million for Its Human-Grade Dog Food Subscription Service
  • Sales of Chocolate and Candy Hit All-Time High

EVENTS & OPPORTUNITIES


Save the Dates for Hirschberg Entrepreneurship Institute 2022
Virtual Boot Camp | May 9-11, 2022

Wednesday, March 16, 12:00 - 12:45 p.m. PST

Join HEI online for three days of a highly interactive, intimate venue for networking, storytelling, and problem-solving.

  • Day 1 is dedicated to Financing and Cash Flow
  • Day 2 is dedicated to Telling your Brand Story and E-comm
  • Day 3 is the popular Pitch Day for companies to pitch for capital with the esteemed panel of investors.

For details, visit www.hirshberginstitute.com.


Apply for Whole Foods Local and Emerging Accelerator Program by April 8th

Whole Foods Market has announced a business accelerator to help promising local and emerging producers grow their companies. It is accepting applications to its inaugural cohort through April 8. The program includes a 10-week curriculum taught by Whole Foods Market experts, a yearlong mentorship with a Whole Foods Local Forager, and access to other growth-related supplier benefits. Companies who aspire to be on Whole Foods Market shelves can click here to apply.


Naturally Network logo

Naturally Network + Naturally Boulder + Naturally Chicago:

EARTHWEEK 2022: Building Resilience Through Community: Food waste, hunger, and climate impact

Thursday, April 14, 2022  |  12:30 - 1:45 p.m.

The pandemic made life hard for many entrepreneurs, but the hottest Good Food and Natural Products companies saw their growth curves continue to soar upwards. Four leaders will share the secrets of their companies' success.

Register


For Other Events Hosted by Naturally Network Affiliates
Please See the Links Below

Naturally Austin logo Naturally Los Angeles logo

Naturally Bay Area logo Naturally North Bay logo

Naturally Chicago logoNaturally San Diego logo


At DWT, we are proud to have one of the largest Food + Beverage legal practices in the country, with over 40 attorneys representing food innovators, entrepreneurs, and investors at every level of the food chain, from Farm to Label.


The facts, laws, and regulations regarding COVID-19 are developing rapidly. Since the date of publication, there may be new or additional information not referenced in this advisory. Please consult with your legal counsel for guidance.

DWT will continue to provide up-to-date insights and virtual events regarding COVID-19 concerns. Our most recent insights, as well as information about recorded and upcoming virtual events, are available at www.dwt.com/COVID-19.

Related Articles

DWT logo
©1996-2022 Davis Wright Tremaine LLP. ALL RIGHTS RESERVED. Attorney Advertising. Prior results do not guarantee a similar outcome.
NAVIGATE
Home People Expertise Insights
About Locations Careers Events Blogs
STAY CONNECTED

Subscribe to stay informed.

Subscribe
Employees
DWT Collaborate
EEO
Affiliations
Legal notices
Privacy policy
©1996-2022 Davis Wright Tremaine LLP. ALL RIGHTS RESERVED. Attorney Advertising. Prior results do not guarantee a similar outcome.
Close
Close

CAUTION - Before you proceed, please note: By clicking “accept” you agree that our review of the information contained in your e-mail and any attachments will not create an attorney-client relationship, and will not prevent any lawyer in our firm from representing a party in any matter where that information is relevant, even if you submitted the information in good faith to retain us.