In This Issue:

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

Food Venture Financing Trends

• Former Mondelez and Nielsen executives launched Flora Ventures, an $80m venture capital fund to invest in early-stage food and agriculture startups in Israel and Europe.
• Fractal, a US-based company, is launching a farmland equity financing platform to help in the upcoming wave of generational transfers of farmland.
• US precision fermentation pioneer Perfect Day has agreed to sell its consumer-facing subsidiary The Urgent Company – which includes brands Coolhaus, Brave Robot and its other subsidiaries – to US food tech firm Superlatus for $1.25m.

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 Spain’s largest food and beverage companies. It creates alliances with startups that anticipate global food companies’ needs and give back to society.

Pascual Innoventures launched MYLKCUBATOR, the first global incubation program for cellular agriculture technologies in the dairy industry.

• 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, most disrupting startups are chosen to join a 6-month hybrid incubation program. The program details are available at https://mylkcubator.com/.
• Five startups from four continents working on the milk of the future are Ergo Bioscience, PEX Biotech, MAOLAC, Nutropy, and Miruku.

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