In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Scindo, a U.K.-based startup building an AI-powered enzyme discovery and design platform, has raised a $5.4M seed round.
- Revyve, a Dutch startup making replacements for eggs from yeast, raised $28M in its Series B round.
- ArkeaBio, a startup developing a vaccine to cut livestock methane emissions, has raised a $7M Series A+ round.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is 199 Ventures.
- In 2019, Hormel Foods launched its venture capital and incubator arm, 199 Ventures, to invest in and support industrywide innovation, with a particular focus on emerging food brands, alternative proteins, food technology, and sustainability.
- In 2021, The Better Meat Co. and 199 Ventures entered into an exclusive partnership focused on developing new meat alternative products using The Better Meat Co.'s fermentation-based mycoprotein ingredient, Rhiza, and bringing those products to market.
- In 2021, 199 Ventures became the anchor investor in Green Circle Capital's Foodtech Ventures I fund, with portfolio companies such as:
- The Better Meat Co.
- Imagindairy
- Goodmylk
- UNCAGED Innovations
[View source.]
