In This Issue:

• Food Venture Financing Trends
• CPG Corporate Venture and Private Equity Funds

Food Venture Financing Trends

• Momofuku Goods, a pantry essential brand, announced that it raised $17.5 million in its Series A round. The company plans to use the funds to increase its product offerings as well as scale its operations.
• PepsiCo announced a $216 million investment for strategic partnerships with three major farmer-facing organizations to support the regenerative agriculture industry in the US. The partnerships expect to support regenerative practices on more than three million acres of farmland in the U.S.
• Oatly announced that it raised $425 million in a deal with hedge fund Silver Point Capital. The deal includes $125 million in guaranteed term loan B credit and $300 million in convertible notes.

CPG Corporate Venture and Private Equity Fund

This week's featured accelerator is Food Centricity.

• Food Centricity, founded in 2012, is an accelerator that supports food businesses’ success in Southern California and beyond. Food Centricity primarily assists early and growth stage packaged food companies between pre-revenue and $20 million in sales.
• Some companies that have been assisted by Food Centricity include:
  • Solely
  • Nut Pods
  • Kevita
  • Tea Botanics
  • Frios
  • Foodstirs
  • Matcha Source
• Client testimonials can be found here: Clients & Testimonials — FoodCentricity®

[View source.]