- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Keurig Dr Pepper announced that it plans to acquire a 20% stake in Nutrabolt, a global active health and wellness company, for $863 million. In addition to the equity investment, Keurig Dr Pepper and Nutrabolt will enter into a strategic partnership, which includes a long-term sales and distribution agreement.
- BeeHero, a precision pollination startup utilizing AI to assess crop yields, announced that it raised $42 million in its Series B round.
- Clean Food Group, a UK-based foodtech company developing alternatives to palm oil, announced that it obtained an investment from Doehler Group and also entered into a collaboration agreement with Doehler Group to scale its technology.
CPG Corporate Venture and Private Equity Fund
This week's featured CPG Corporate Venture and Private Equity Fund is Pascual Innoventures.
- Pascual Innoventures is an innovation arm of Pascual, one of the Spain's largest food and beverage companies. It creates alliances with startups that share the same philosophy; anticipating global food needs and giving back to society.
- 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/.
- Five startups working on the milk of the future are: Ergo Bioscience, PEX Biotech, MAOLAC, Nutropy, and Miruku.
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