In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Fly by Jing, a modern Chinese foodtech startup that specializes in chili crisps, announced that it raised $12 million in its Series B round.
- Burger Index, a Spanish-based foodtech startup that provides food and beverage data to F&B businesses, announced that it raised $1.3 million in seed funding.
- Next Gen Foods announced that it acquired Mwah!, a plant-based dairy startup company, for an undisclosed amount.
CPG Corporate Venture and Private Equity Fund
This week's featured CPG 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 the required access to capital and capability required to expand their business operations.
- Additionally, the fund invests in entrepreneurs with businesses that align to Tiger Brands’ consumer-relevant growth platforms of Health and Nutrition, Snackification, and Economical food options.
- Portfolio companies include:
- Ice Cap
- Tastic
- Albany
- Aunt Caroline
- Hall's
- Oros
[View source.]
