In This Issue:

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

Food Venture Financing Trends

• Aplós, a functional non-alcohol spirits emerging brand, announced that it raised $5.5 million in its Series A round. The company plans to use funds to expand distribution of its products in bars, restaurants and retail.
• Campbell Soup announced that it sold its Emerald nuts business to Flagstone Foods, a private label CPG manufacturer, for an undisclosed amount.
• Big Idea Ventures, a foodtech investor, announced that it completed the first close of its second alternative protein fund - New Protein Fund II - to invest in alternative protein startup companies. Big Idea Ventures plans to raise the remainder of the targeted $75 million fund in 12 months.
• BBy, a startup that condenses breast milk into powder for neonatal intensive care units, announced that it raised $3 million in its seed round.

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 sold in restaurants and retail stores in more than 160 countries worldwide.
• 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 McCain’s foodservice and retail brands include the following:
  • Pickers
  • Brew City
  • Welten Snacks
  • Moore’s
  • CelaVita
  • Hebro
  • Mora

[View source.]