In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Meati, an alternative meat emerging brand that uses mycelium, announced that it raised $100 million in its Series C-1 financing.
- Voyage Foods, a cocoa-free chocolate foodtech startup, announced that it raised $52 million in funding.
- Chowdeck, a Nigerian food delivery startup that is part of Y Combinator, announced that it raised $2.5 million in funding.
- Hexis, an AI nutrition sports nutrition app, announced that it raised $2 million in pre-seed capital.
CPG Corporate Venture and Private Equity Fund
This week’s featured corporate venture and private equity fund is The Sustainable Local Food Investment Group.
- The Sustainable Local Food Investment Group (SLoFIG) is a network of accredited independent investors who share the mission of using private investment to re-establish a robust and sustainable food system across the Chicago foodshed. It provides capital, expertise, and a network of contacts to early-stage companies to help drive their success.
- SLoFIG invests in early-stage companies along the entire food value chain:
- production / farming / urban ag
- processing / business services
- aggregation / distribution
- consumer packaged goods
- grocery / other retail
- food service / meal delivery
- waste / compost
- Some of SLoFIG’s portfolio companies include:
- Soom
- Canopy Farm Management
- Fillo’s Americas Made
- Village Farmstand
- Pear Chef
- Kitch FIX
- Prairie Wind Family Farm
- Phyter
[View source.]
