In This Issue:

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

Food Venture Financing Trends

• Ai Palette, a Singapore-based AI-powered food innovation startup, announced that it has raised $5.7 million in Series A1 funding.
• Umaro Foods, a producer of seaweed-based bacon, announced that it has raised $3.8 million in seed funding.
• Cultivated Biosciences, a Swiss dairy alternative startup, announced that it has raised $5 million in seed funding.
• ProteinDistillery, a German biotech startup, announced that it has raised €15 million in seed funding.

CPG Corporate Venture and Private Equity Fund

This week's featured corporate venture and private equity fund is Fonterra Ventures Co-Lab.

• In 2016, Fonterra, the world's largest dairy exporter, launched the Fonterra Ventures Co-Lab. This open platform is designed to establish potential partnerships with entrepreneurial individuals and businesses.
• Through its platform, Fonterra Ventures encourages the submission of innovative ideas and concepts from both startups and large corporations in various domains, including new technologies, services, and business models, to promote mutual benefits.

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