In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
- Links to Relevant Content and Events
Food Venture Financing Trends
- GoodBelly maker NextFoods announced that it acquired Cheribundi, a functional tart cherry juice brand, for an undisclosed amount.
- Aqua Cultured Foods, a foodtech startup that utilizes a mycoprotein fermentation process to develop seafood alternatives, announced that it raised $5.5 million in seed funding.
- JackBe, a curbside drive-thru grocer company, announced that it raised $11.5 million in funding.
CPG Corporate Venture and Private Equity Fund
This week's featured CPG Corporate Venture and Private Equity Fund is Foodshed Investors.
- "Foodshed Investors" d/b/a of Local Impact Investors LLC, based in Austin, TX supports local “good food” ecosystems at the intersection of food, finance, and social good.
- Portfolio companies include:
- The ABGB
- Austin Gelato
- BAM! Gluten Free
- Blue Avocado
- The Cook’s Nook
- Honest Mary’s
- Seal the Seasons
- TinyGrocer
- Foodshed Investors’ mission is to increase healthy, nutritious, and accessible food for rural economies through sustainable agriculture and quality jobs.
- Check out FI’s Funding Application available at: Request Consult | Foodshed Investors - FOODSHED INVESTORS
Links to Relevant Content and Events
ARTICLES
- Despite Dire Warnings in Climate Report, HowGood Sees Promise in Food Production
- Aqua Cultured Foods Raises $5.5 Million to Bring Ultra-Realistic Alt Seafood to Market
- GoodBelly Maker NextFoods Acquires Tart Cherry Beverage Cheribundi
- Flyby secures $4 Million in Funding to Boost Drone Delivery
- Pickup-only grocer raises $11.5 Million, But the Format’s Outlook Looks Gloomy
- Babylon Micro-Farms Lands $8 Million Series A: ‘Bigger Does Not Necessarily Mean Better in Vertical Farming’
- Hardee Fresh Closes $56 Million For New 30,000m2 Vertical Farm in Americus
UPCOMING EVENTS
Naturally Bay Area
CEO & Founders Forum Meeting
Thursday, April 20, 5:00 – 6:00 p.m. PT
Location: Mattson, 343 Hatch Drive Foster City, California
This meeting will focus on innovation. Pete Brennan, Naturally Bay Area Board Member and VP of Innovation at Mattson, will facilitate this interactive session and take you on a tour of the Mattson facility.
Stay after the Forum Meeting for a community-wide networking event with food and beverages hosted by the Mattson team (please register for both events if you plan to stay.)
You must be a paid member of Naturally Bay Area, and be a Founder or CEO of a Natural Products CPG brand to participate.
Naturally Bay Area
Sustainable Innovation Networking Night at Mattson
Thursday, April 20, 6:00 – 8:00 p.m. PT
Location: Mattson, 343 Hatch Drive Foster City, California
Connect with the Naturally Bay Area community and celebrate Earth Day at Mattson, in Foster City. Enjoy food and beverages and learn about precision fermentation, organic and regenerative agriculture, and more!
Naturally Bay Area
Quick Bites: Category Trends with Top Retail Buyers
Wednesday, April 26, 12:00 – 1:00 p.m. PT
With EXPO West fresh in everybody's mind, Naturally Bay Area has invited buyers from top retailers to reveal the industry trends they are excited about and share tips on how to be successful at their stores. Hear about the trends they're seeing, review timing and criteria, preferred marketing support tactics, and how to set yourself up for success.
Speakers:
- Jen Berliner, Head of Marketing, Sales and Ecommerce at Patagonia Provisions
- Monika Coyle, Executive Director Local and Emerging Brands of Whole Foods Market
- Thuy Nguyen, Category Manager at Thrive Market
- Tobi Seriki, National Category Manager at Albertsons
Naturally Bay Area
5th Annual Pitch Slam + Community Celebration
Wednesday, May 10, 3:30 – 8:00 p.m.
Let's celebrate the Bay Area's up-and-coming Natural Products Industry brands with a community celebration and pitch competition. A select group of entrepreneurs will pitch to the industry's premier investors, retailers, and industry peers for a chance to win prizes worth tens of thousands of dollars, including a booth at EXPO East and the opportunity to pitch on the national stage!