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Food + Beverage

Food Venture Financing News - Weekly Issue No. 153

07.13.23
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In This Issue:

Food Venture Financing Trends

  • JBS S.A., a global meat producer, announced that it plans to go public in the US by listing shares on the NYSE. JBS also plans to go public on the São Paulo Stock Exchange in Brazil.
  • Oritain, a forensic traceability business that tracks the origins of food and textile products, announced that it raised $57 million in its Series C round.
  • Westrock Coffee Company announced that it, along with its affiliates, plans to make a $75 million investment in the company. The company also plans to open a new $300 million facility in Conway, Arkansas.

 

CPG Corporate Venture and Private Equity Fund

This week's featured corporate venture and private equity fund is SnackFutures.

  • SnackFutures is an early stage innovation and venture hub launched by Mondelēz International in 2018 to take advantage of changing consumer trends and preferences and to unlock growth opportunities in snacking around the world. SnackFutures aims to bring together talent, partnerships and funding across three integrated mandates:
  1. Invention of new brands and businesses in key strategic areas;
  2. Reinvention of small-scale Mondelēz brands with large-scale potential, and
  3. Venturing with start-up entrepreneurs to seed new businesses.
  •   Portfolio companies include:
    • Hů
    • Uplift Food
    • Torr
  • Additionally, SnackFutures has launched 5 brands:
    • CaPao (US)
    • Dirt Kitchen Snacks (US)
    • Millie ram (US)
    • Ruckus and Co (US)
    • NoCOé (France)
  

ARTICLES

 

UPCOMING EVENTS

Naturally Chicago
 2nd Annual Naturally Chicago Women in CPG Celebration (Members Only)

Monday, July 17, 5:00 – 7:30 p.m. CT
Location: Time Out Market Chicago, 916 West Fulton Market, Chicago

Join Naturally Chicago for its free, members-only 2nd annual Women in CPG Celebration at TimeOut Market in Chicago's Fulton Market District. Women already make up a significant percentage of owners and CEOs in the Natural Products industry, and their numbers are continually growing. Whether you are one of these entrepreneurs or want to take the opportunity to salute them, you should register to attend.

This event will be followed by Naturally Network's Women in CPG Summit, which will take place online on July 18 and 19.

Register

Naturally Network
 Women in CPG Summit

Monday, July 18 – 19

Join Naturally Network on July 18 and 19th for our annual Women in CPG Summit, a 2-day event filled with virtual education, conversation, and national networking.

One of our key priorities as an organization is to support and advocate for the success of diverse-owned businesses and we are excited to host this annual, nationwide summit to inspire and connect women and non-binary CPG professionals and their supporters.

Register

Naturally Los Angeles
 Women's Confidence and Courage in CPG: Resilience in the Face of Adversity

Tuesday, July 18  |  6:00 – 9:00 p.m. PT
Location: Stubbs Alderton & Markiles, LLP, 3rd Street Promenade 1316, Santa Monica

Women can face many challenges in business; less-established networks, and social constraints that restrict women's participation during their careers. In the natural foods industry, women may face additional challenges such as gender bias and lack of representation in leadership roles. Join Naturally Los Angeles for a panel of women leaders in the Los Angeles area who want to share their stories and experience to help emerging women's brands have the confidence and courage to rise up and become resilient in the face of such adversity!

Register

Naturally Minnesota
 Women in CPG: Panel + Happy Hour
(Members Only)

Wednesday, July 19   |  5:00 – 7:30 p.m. CT
Location: ModernWell, South Wayzata Boulevard 2909, Minneapolis

Join Naturally Minnesota to celebrate the incredible women in our ecosystem at the Women in CPG: Panel and Happy Hour. Hear from our impressive panel featuring Women Leaders, featuring Danyel O'Connor - CEO of Cravings by Chrissy Teigen and more. Afterwards, enjoy a celebratory happy hour featuring wine, snacks, and a fabulous assortment of local, women-owned, natural products!

Register

Naturally San Diego
 Sales Forum: How Retail Buyers Make Emerging Brand Decisions
(Members Only)

Wednesday, July 19  |  4:30 – 6:30 p.m. PT
Location: Jimbo's Naturally, Carmel Valley, 12841 El Camino Real Suite 100, San Diego, CA 92130

Join this conversation geared towards emerging brands led by Adam Hertel, Chief Sales Officer at Rudi's Rocky Mountain Organic Bakery, and Jason Murrell, Buyer at Jimbo's Naturally.

Topics that will be covered (and more):

  • How do emerging brands set up acceptable distribution for accounts like Jimbo's?
  • What agreements and support are expected between Jimbo's and their new suppliers?
  • How can brands best position their assortment and packaging for optimal merchandising?

Register

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