In This Issue:

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

Food Venture Financing Trends

• ByHeart, an infant nutrition company, has secured $95 million in financing to support its U.S. commercial launch and innovation pipeline.
• Pepper, an eCommerce platform designed to be the growth engine for independent distributors, announced the successful closure of a $30 million Series B funding round.
• mimic, a Zurich-based startup developing AI-powered robotic hands for the gastronomy, supermarket, recycling, and pharmaceutical sectors, announced raising a pre-Seed round of €2.3 million.

CPG Corporate Venture and Private Equity Fund

This week's featured corporate venture and private equity fund is Pascual Innoventures.

• Pascual Innoventures is an innovation arm of Pascual, one of the largest Spanish food and beverage companies.
• Pascual Innoventures launched the first global incubation program for cellular agriculture technologies in the dairy industry called "MYLKCUBATOR."
• The Mylkcubator 2.0 Program aims to support highly innovative startups specializing in the transformation of the food value chain for the production of dairy alternatives using cellular agriculture.
• Each year, startups are chosen to join a 6-month hybrid incubation program. The program details are available at https://mylkcubator.com/.
• Portfolio companies include - Ergo Bioscience, PEX Biotech, MAOLAC, Nutropy, Miruku, Zero Cow Factory, and De Novo Dairy.

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