In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
- Links to Relevant Content and Events
Food Venture Financing Trends
- TreeHouse Foods announced that it will acquire a coffee facility and business from Farmer Brothers Company for $100 million in a deal that is expected to close in the next 60 days.
- MyForest Foods, a foodtech startup that develops mycelium bacon, announced that it raised $15 million in its Series A-2 round. Ecovative Design, the parent company of MyForest Foods, led the new financing.
- Uncommon (formerly known as Higher Steaks), a cultivated meat foodtech company based in the UK, announced that it raised $30 million in its Series A round.
- The Green Coffee Co., a consolidated arabica coffee farming company with operations based in Colombia, announced that it raised $25 million in its Series C round.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Better Food Ventures.
- Better Food Ventures (“BFV”) is a venture capital firm that was founded in 2013 and is based in Menlo Park, California.
- BFV seeks to invest in early-stage, scalable, game-changing technologies across the food and agriculture sectors.
- Portfolio companies include:
- Milk Moovement
- Bountiful
- Breedr
- Four Growers
- Edifice Health
- Afresh Technologies
- Byte Technology
Links to Relevant Content and Events
ARTICLES
- Chamberlain Coffee raises $7 Million to Scale RTD Range
- MLB Legend Derek Jeter Joins Rachael Ray, David Chang as Investors in Meati Foods
- BioLumic’s UV Light Tech For Corn & Soybean Seeds Scales Commercially With Gro Alliance Deal
- MyForest Foods Gets $15 Million Investment and New CEO to Continue Growth
- CellMeat Raises $13.34 Million in Series A Round
- Quorn Partners With Prime Roots to Help its Expansion
- Paine Schwartz Makes Growth Investment to Catalyze the Future Of Agriculture With Elemental Enzymes
- TreeHouse Foods Buys Coffee Operations From Farmer Brothers for $100 Million
UPCOMING EVENTS
Naturally Network
Mid-Year Industry Update
Tuesday, June 20, 9:00 – 10:00 a.m. MDT
Join Naturally Network and guest experts for a mid-year update and discussion about the state of the Natural Product industry.
The speakers will discuss new regulations, retail, and fundraising updates while also reviewing how the year is progressing compared to general 2023 predictions and what the next six months could look like.
The goal of this event is to arm attendees with more industry insights to support current decision-making, adjustments, and planning for the upcoming holiday sales season.
Speakers:
- Jennifer Adams, Partner at Amin Talati Wasserman
- Deb Conklin, CEO of KeHE
- Bella Hughes, Co-Founder of Better Sour
- Nic Keneipp, Chief Customer Officer at New Nexus Group
- Jessica Maniscalco, Senior Retail Insights Manager at SPINS
- Courtney Pineau, Executive Director of The Climate Collaborative
Naturally North Bay
Human Resources Forum: Roundtable Discussion
*MEMBERS ONLY*
Tuesday, June 20, 12:00 p.m. – 1:00 p.m. PT
Join Naturally North Bay's Human Resources Forum for a roundtable discussion. The discussion will focus on the sharing of best practices, experiences and thoughtful pieces of advice to other professionals within the world of HR.
Naturally Los Angeles
June Mixer
Tuesday, June 20, 6:00 p.m. – 8:00 p.m. PT
Location: The Semi-Tropic, Glendale Boulevard 1412, Los Angeles
Summer 2023 has begun! Join Naturally Los Angeles for an informal evening of networking with other founders and executives in the Natural CPG community!
Naturally New York
CELEBRATE NYC PRIDE
Wednesday, June 21, 6:00 – 9:00 p.m. ET
Location: Farm To People, 1100 Flushing Avenue, Bushwick, Brooklyn, New York
Join the Naturally New York community to celebrate NYC Pride!
Open bar and lite bites to be served from Farm to People in Bushwick, Brooklyn.
Members and Non-Members are Welcome!