Food Venture Financing News - Weekly Issue No. 188

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Davis Wright Tremaine LLP

In This Issue:

  • Food Venture Financing Trends
  • CPG Corporate Venture and Private Equity Funds
  • Links to Relevant Content and Events

  • Reshape, a Danish biotech startup that develops lab automation robots, announced that it has raised $20 million in Series A funding.
  • Weenat, a French agtech company that aims to use data to combat water scarcity and climate change, announced that it has raised €8.5 million in Series C funding.
  • Windfall Bio, a California-based climate solutions startup, announced that it has raised $28 million in Series A funding.
  • Peptobiotics, a biotech startup that provides an alternative to antibiotics in commercial use, announced it has raised $6.2 million in Series A funding.

CPG Corporate Venture and Private Equity Fund

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

  • McCain Foods is based in Toronto, Canada and is the world’s largest manufacturer of frozen potato products. It also produces other quality products such as appetizers, vegetables and desserts that can be found in restaurants and retail stores in more than 160 countries around the world.
  • McCain Foods has a significant food production network with a total of 49 production facilities globally - Canada (7), USA (9), Latin America (4), Europe (20 - 5 of which are in the UK), South Africa (2), Australia and New Zealand (5), India (1), and China (1).
  • Some of its foodservice and retail brands include the following:
    • Pickers
    • Brew City
    • Welten Snacks
    • Moore’s
    • CelaVita
    • Hebro
    • Mora

ARTICLES


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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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