In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
- Links to Relevant Content and Events
Food Venture Financing Trends
- Rebellyous Foods, a plant-based chicken startup, announced that it raised $9.5 million in its recent equity financing.
- JOKR, an instant grocery delivery startup, announced that it raised over $50 million in its Series C round. The company hit a new $1.3 billion valuation after the funding.
- Morinaga Nutritional Foods, a US manufacturer of tofu, acquired Tofurky and Moocho for an undisclosed sum.
- Post Holdings announced that it plans to acquire leading dog and cat food brands from The J.M. Smucker Co. for $1.2 billion.
CPG Corporate Venture and Private Equity Fund
This week's featured CPG Corporate Venture and Private Equity Fund is Eighteen94 Capital.
- Kellogg’s, the world's largest producer of branded packaged cereal and a leader in branded convenience foods, launched its venture capital arm called Eighteen94 (1894) Capital in 2016.
- 1894 Capital invests in food and food-related tech startups developing new packaging, ingredients, products and technology.
- Some of their portfolio companies include:
- Siren
- Kuli
- Ucan
- Cargo
- Myco Technology
- Taali
- Plantible
Links to Relevant Content and Events
ARTICLES
- New Kainos Capital Fund Eyeing Small Food Company Buy-ins
- Restaurants Are Now Using Generative AI to Create Menu Photos That Could Convince Customers to Order More
- Meala FoodTech Raises $1.9 Million for Multifunctional Alt Meat Proteins (Israel)
- The Ugly Co. Raises $9 Million to Scale Sustainable Snack
- Roar Organic Raises $6 Million
- Middleby Buys Flavor Technology Supplier
- Rebellyous Foods Raises $9.5 Million to Build its Plant-Based Chicken Tech
- Grocery Deliverer JOKR Doubles Down On Brazil As It Secures $50 Million On $1.3 Billion Valuation
- Tofurky and Moocho Acquired by Morinaga Nutritional Foods
- Post Holdings to Acquire Rachael Ray® Nutrish®, Nature’s Recipe® and Other Select Pet Food Brands from The J.M. Smucker Co.
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