In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
- Links to Relevant Content and Events
Food Venture Financing Trends
- Edonia, a French-based alternative protein startup that utilizes microalgae, announced that it raised 2 million Euros in funding.
- Maia Farms, a mycelium fermentation startup, announced that it raised $1.7 million in pre-seed funding.
- Poshn, a foodtech startup that seeks to organize the food supply chain, announced that it raised $4 million in pre-seed funding.
CPG Corporate Venture and Private Equity Fund
This week’s featured corporate venture and private equity fund is Nutrition Capital Network.
- Nutrition Capital Network (NCN) connects investors with high-potential growth companies.
- NCN brings together active investors with curated health, wellness, and ingredient companies that are looking for capital, partnerships, or acquisitions.
- NCN hosts five Investor Meetings each year, where selected companies give live presentations about their businesses to a group of active industry investors and mentors.
- Representative NCN Investors include:
- The Coca-Cola Company
- Abbott Nutrition
- Abrams & Company
- Ajinomoto Group
- Allergy Research Group
- Bimbo Bakeries USA
- Amway
- NCN uses the following criteria to evaluate potential Presenting Companies (for details, see Selection Criteria | Nutrition Capital Network):
- Novelty and Unique Position
- Insulation
- Economic Potential
- The Management Team
- Tangibles: Good branding or brand name, good quality & taste, unique packaging or presentation
- Intangibles: The “WOW” factor; head turning potential
Links to Relevant Content and Events
ARTICLES
- Oishii Secures $15 Million for Solar-Powered Phillipsburg Facility
- Healthy Soda Brand Poppi Denies Being M&A Target of Large Beverage Companies
- Wilde Brands Seeks to Deliver Positive Benefits to Salty Snacks
- Caladan Bio Raises $5 Million Seed Round to Build Next Generation Benchtop Bioreactors
- Danone Expands Portfolio With Acquisition of Functional Formularies
- CULT Food Science Secures Funds to Expand Noochies! Line of Cultured Yeast Pet Food
UPCOMING EVENTS
Naturally Bay Area
6th Annual Pitch Slam + Community Celebration
Thursday, May 9 | 3:30 p.m. – 8:30 p.m. PT
Location: Cowell Theater at Fort Mason, 2 Marina Boulevard Suite 260, San Francisco, CA
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, advisors, and industry peers for a chance to win prizes worth $50K+, including $5,000 cash, and the opportunity to pitch on the national stage!
Whether it's to showcase your talents or to keep your finger on the pulse of the hottest industry trends, Pitch Slam is the place you want to be.
Naturally Austin
Pitch Slam
Wednesday, May 15 | 5:00 p.m. – 10:00 p.m. CT
Location: Capital Factory, 701 Brazos St, Voltron (first floor), Austin, TX
Pitch Slam is Naturally Austin's annual celebrating the best of Austin's natural and consumer products industry! Austin is proud to be at the forefront of the most exciting and innovative brands that break genres and disrupt categories.
Naturally San Diego
Unveiling the Mysteries of Operational Accounting for CPG Companies
Monday, May 20 | 12:00 p.m. – 1:00 p.m. PT
Join Naturally San Diego for an introduction to CPG accounting, reporting, and auditing for start-up and small to mid-sized enterprises.
RSM will discuss the different basis of accounting (cash, tax, modified-cash, accrual, GAAP, etc.), dual entry system of debits and credits, journal entries/GL level accounting, and general types of audits (compilation, review, audit). There will be some time saved for Q&A at the end. Please send your questions prior to the event.
Naturally New York
How AI Can Streamline Operations, Finance, and more
Tuesday, May 21 | 12:00 p.m. – 1:00 p.m. ET
Join Naturally New York for a panel discussion on the latest AI trends and tools in the food and beverage industry, and how this technology is revolutionizing how CPG brands operate.
This event features Akash Raju as the Keynote Speaker and AI Technologist running the roundtable. Akash is the Co-founder and CEO of Glimpse, a Y Combinator Startup that received $6+ million in funding and has built the first-ever AI-powered deductions service.