Food Venture Financing News - Weekly Issue No. 130
In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
- Links to Relevant Content and Events
Food Venture Financing Trends
- Keurig Dr Pepper announced that it plans to acquire a 20% stake in Nutrabolt, a global active health and wellness company, for $863 million. In addition to the equity investment, Keurig Dr Pepper and Nutrabolt will enter into a strategic partnership, which includes a long-term sales and distribution agreement.
- BeeHero, a precision pollination startup utilizing AI to assess crop yields, announced that it raised $42 million in its Series B round.
- Clean Food Group, a UK-based foodtech company developing alternatives to palm oil, announced that it obtained an investment from Doehler Group and also entered into a collaboration agreement with Doehler Group to scale its technology.
CPG Corporate Venture and Private Equity Fund
This week's featured CPG Corporate Venture and Private Equity Fund is Pascual Innoventures.
- Pascual Innoventures is an innovation arm of Pascual, one of the Spain's largest food and beverage companies. It creates alliances with startups that share the same philosophy; anticipating global food needs and giving back to society.
- Pascual Innoventures launched the first global incubation program for cellular agriculture technologies in the dairy industry called "MYLKCUBATOR."
- The Mylkcubator 2.0 Program aims to support highly innovative startups specializing in the transformation of the food value chain for the production of dairy alternatives using cellular agriculture.
- Each year, startups are chosen to join a 6-month hybrid incubation program. The program details are available at https://mylkcubator.com/.
- Five startups working on the milk of the future are: Ergo Bioscience, PEX Biotech, MAOLAC, Nutropy, and Miruku.
Links to Relevant Content and Events
ARTICLES
- Cultivated Meat Producer Breaks Ground on First US Facility
- Bel Brands Gets Into Animal-Free Cheese With Perfect Day Partnership
- Black Sheep Foods Grabs $12.3 Million to Craft Tastier Plant-Based Meats
- Ever.Ag Adds Dalex To Its Portfolio of AgTech Companies
- Forum3 Raises $10 Million on Heels of Launch of Starbucks' Web3 Loyalty Beta
- Precision Pollination Startup BeeHero Nets $42 Million With Backing From General Mills
- Bee-Free Honey Maker Raises $2.2 Million
- Agronomics Invests $7 Million in Precision Fermentation Manufacturer Liberation Labs
- Keurig Dr Pepper And Nutrabolt Announce Strategic Partnership Including A Long-Term Sales And Distribution Agreement And Equity Investment By KDP
- UK-Based Foodtech Startup Clean Food Group Gets Collaborative Backing For Its Sustainable Palm Oil Alternative From Doehler
EVENTS & OPPORTUNITIES

Naturally New York
Set Your Sights on the Reimagined Wellness Shopper
Thursday, December 15, 1:00 - 2:00 p.m. (ET)
Location: Houston Hall, West Houston Street 222, New York
Hear from Social Nature Learn firsthand how to ride the new wave of wellness with an inside look at NielsenIQ's latest consumer research and market measurements insights. In this webinar you will get:
- The latest in wellness shoppers' priorities and our big-picture predictions
- An overview of total wellness, which includes protective wellness, aspirational wellness and altruistic wellness
- How to leverage key trends and patterns with generational, multicultural and income-based nuances
- Customized, complimentary data that will support your brand growth
Naturally Boulder
Puttin' on the Ritz: Screening of "Generation Growth"
Friday, January 6, 5:00 - 7:00 p.m. MT
Location: CU Boulder Center for Academic Success and Engagement (CASE), 1725 Euclid Ave., Boulder, Colorado
Come meet Stephen Ritz, see his tower gardens, and join us for an exclusive screening of Generation Growth.
Naturally Los Angeles
Holiday Happy Hour!
Monday, January 9, 6:00 - 8:00 p.m. (PT)
Location: All Season Brewing Company, South La Brea Avenue 800, Los Angeles, California
Join Naturally Los Angeles for an informal evening of networking with other founders and executives in the Natural CPG community.
Naturally Boulder
2023 Trends to Watch - What's in Store for the Industry
Tuesday, January 10, 5:00 - 7:15 p.m. (MT)
Location: CU Boulder Center for Academic Success and Engagement (CASE), 1725 Euclid Ave., Boulder, Colorado
A panel of experts will take a deep dive into what they see as emerging or continuing trends in the natural and organic industry. We will explore brands, retailers, online shopping, and consumer behaviors to give the attendees a good overview of what we will all be anticipating in the new year. The panel is stacked with experts in different areas so everyone will have multiple perspectives on the topic to share.
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.