In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
- Links to Relevant Content and Events
Food Venture Financing Trends
- ENOUGH, an alternative-protein foodtech startup, announced that it raised $40 million Euros in its Series C round. The company plans to use the funds to expand production of its ABUNDA mycoprotein.
- Farmland, an investment fund that focuses on the sustainability and agriculture sectors, launched its $250 million third fund - Vital Farmland III.
- Highlight, a product testing company for CPG companies, announced that it raised $18 million in its Series A round.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Tate & Lyle Ventures.
- Tate & Lyle Ventures is a corporate venture arm of Tate & Lyle that seeks to invest in companies operating in the fields of food science and technology, with a specific interest in products that help consumers stay healthy.
- The firm was founded in 2006 by founders, Abram Lyle and Henry Tate. It operates two funds, Tate & Lyle Ventures LP and Tate & Lyle Ventures II LP, which are managed externally by Circadia Ventures LLP.
- Portfolio companies include:
- Changing Health
- Evolve Biosystems
- Lumora
- Allylix
- Nutriati
- Tate & Lyle Ventures looks to invest in early-stage and growth food ingredient companies in the areas of sweeteners, texturants and "health & wellness".
Links to Relevant Content and Events
ARTICLES
- Imagindairy Becomes the Third Precision Fermentation Dairy Company to Earn US GRAS Status, Opens New Headquarters
- Cultivated Beef Co Omeat Begins Generating Revenues… But Not From Meat
- Just Eat Takeaway CEO: Grubhub Sale Attempt Has Been ‘Complicated’
- Alt Protein Isn’t Dead Yet Says ENOUGH as it Raises $43.6 Million to Scale Up Mycoprotein Production (UK Deal)
- Farmland Launches $250 Million Vital Farmland Fund III
- Tilray Acquires Remaining Stake in Truss Cannabis Beverage Venture
- Functional Frozen Beverage Maker Expands US Retail Presence
UPCOMING EVENTS
Naturally Chicago
Morning Mingle
Thursday, September 7 | 8:00 – 9:30 a.m. CT
Location: Time Out Market Chicago, 916 West Fulton Market St., Chicago, IL
Join Naturally Chicago for their Morning Mingles gathering to meet, network, make new friends, and enjoy informative talks by Naturally Chicago Board members and other industry leaders.
Naturally San Diego
Innovation in CPG: Special Session
Tuesday, September 12 | 9:00 – 10:00 a.m. PT
Naturally San Diego is excited to participate in Connect SD's Innovation Week. Join them for a special hour with local entrepreneurs who have disrupted our CPG industry for the better.
Check out all of the events happening on Connect Innovation Day.
Speakers:
- Laura Aung, R&D Manager at Dr. Bronner's Magic Soaps
- Emily Griffith, CEO of Lil Bucks
- Matt Clifford, CEO of CanDo
Naturally Bay Area
Raising Capital in 2023 (Part 1): Conventional Channels for Equity and Debt Financing
Wednesday, September 13 | 12:00 – 12:45 p.m. PT
Raising capital for emerging food & beverage brands and early-stage personal care companies is more challenging this year than it has ever been. Learn how private equity investors and commercial lenders are assessing how and when to deploy capital in this business environment.
Led by Don Buder, Partner at Davis Wright Tremaine LLP
Naturally Chicago
Working with Super Naturals Retailers
Wednesday, September 13 | 3:00 – 4:00 p.m. PT
This webinar is aimed at emerging brands seeking to get or expand shelf space in grocery stores and chains that are focused on Natural Products.
And what better partner for this webinar than Presence Marketing, the pioneering broker in the Natural Products industry, which has been helping brands get shelf space, prosper and grow for more than 30 years.
Speakers:
- Ayeshah Abuelhiga, CEO/Founder of Mason Dixie Foods
- Andrew Bell, Vice President – Natural at Presence Marketing
- Gina Coccari, National Key Account Manager at Dr. Bronner's
- Dawn Niderno, Director of Sales at Enjoy Life Foods
- Jim Slama, Managing Director of Naturally Network
Naturally New York
From Rookie to MVP: Scaling Your Brand with Athlete Influencers
Thursday, September 14 | 12:00 – 1:00 p.m. ET
Join Laura Harding of OpenSponsorship and Jennifer Fontaine of Scale Media and 1MD as they unpack the intricacies of forging dynamic and mutually beneficial relationships with athlete influencers. As the health food sector continues to burgeon, setting your brand apart becomes imperative. Athletes, with their authentic reach and genuine lifestyle fit, present a golden opportunity.
Speakers:
- Laura Harding, Account Director of Opensponsorships
- Jennifer Fontaine, Creative Brand Manager at Scale Media
Naturally Bay Area
Rooftop Party at Heffernan Insurance
Thursday, September 14 | 5:00 – 7:00 p.m. PT
Location: Heffernan Insurance Brokers, 44 Montgomery Street, San Francisco, California
Get ready to party in style with the Naturally Bay Area community — at the rooftop terrace at Heffernan Insurance in Downtown San Francisco. Enjoy nibbles, drinks, and vibe with the Bay Area's best!