In This Issue:

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

Food Venture Financing Trends

• Meatiply, a cultivated meat startup, announced that it raised $3.75 million in its seed round.
• Milano Vice, a digital pizza delivery startup, announced that it raised $9 million in its Series A financing. The company plans to use the funds to become the largest pizza delivery company in Germany and expand into other countries.
• Clever Carnivore, a cultivated pork foodtech startup, announced that it raised $7 million in seed funding. The company plans to use the funds to expand operations and commercialize its products, including a cultivated pork bratwurst.
• Farmless, an alternative protein startup that utilizes fermentation technology, announced that it raised 4.8 million Euros in seed funding.

CPG Corporate Venture and Private Equity Fund

This week's featured corporate venture and private equity fund is PINC Group.

• PINC is Paulig’s (a Finnish family-owned food and drink company) venture arm for early stage investments in and around the future of food. PINC’s objective is to help Paulig renew itself and prosper as well as contribute to a tastier, healthier and more sustainable planet.
• With regards to investing in ventures, PINC’s primary focus includes the following:
  • Pre-seed & seed
  • Scalable to 10-50+ MEUR within 5-10 years
  • Nordics but open to Europe
  • High degree of innovation in Taste, Health, Sustainability or Availability
  • Lead or co-invest
• PINC’s portfolio includes the following:
  • Amatera – Sustainable cultivation of perennial crops
  • Imrovin – A startup whose AI-powered platform drives emission reductions in the agrifood value chain
  • EvodiaBio – Bio-industrial company that reinvents production of natural aromas
  • Willicroft – Plant-based cheese company
  • Melt & Marble – next generation of plant-based fat
  • Carrot Kitchen – mobile cooking buddy for kids
  • Mirai Foods – second generation of cellular meat
  • Kaffe Bueno – upcycling of coffee waste into high value ingredients

[View source.]