In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Verqor, an agrifintech startup in Mexico that offers farmers credit for agriculture, announced that it raised $7.5 million in funding.
- GoodBytz, a foodtech startup in Germany that develops robotic kitchens, announced that it raised 12 million Euros in its Series A round.
- Keurig Dr Pepper announced that it plans to invest $100 million to develop it coffee production plant in South Carolina.
- Keurig Dr Pepper announced that it entered into a long-term partnership with Electrolit, a sports hydration beverage, to sell and distribute the product.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Farm 2050.
- Farm 2050 was co-founded by Innovation Endeavors and Finistere Ventures in California. Farm2050 is committed to advancing the future of food through supporting AgTech entrepreneurs and startups.
- Some of Farm 2050's partners include:
- Pepsi
- The Wonderful Company
- AgriTech New Zealand
- Syngenta
- Taylor Farms
- Nutrien
- Farm2050 brings together researchers, farmers, entrepreneurs, manufacturers, and distributors to accelerate the path for new disruptive AgTech.
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