In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Nongshim, a South Korean food and beverage company, announced that it is investing $7.4 million in developing foodtech startups and technologies.
- Smuckers announced that it is selling four condiments businesses – Bick’s pickles, Habitant pickled beets, Woodman’s horseradish and McLarens pickled onions brands – to TreeHouse Foods for $20 million.
- Umiami, a French plant-based foodtech company, announced that it raised 32.5 million Euros in its Series A financing.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Tiger Brands.
- Tiger Brands Ltd is a major manufacturer of branded food, home-care, and personal-care products in South Africa. Their product offering includes the following:
- Perishables
- Personal-care products and home-care products
- Snacks
- Baby care
- Beverages
- Grains and groceries and
- Out-of-home meals
- In June 2021, Tiger Brands launched Tiger Brands Venture Capital Fund, its corporate venture capital arm.
- This VC fund provides food & beverage startups access to capital and capability required to expand their business operations.
- Some of the portfolio companies include:
- Tinkies
- Ice Cap
- Hugo’s
- Albany
- Aunt Caroline
- Colman’s
- All Gold
- Fizz Pop
[View source.]
