In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Danone announced it is exploring a potential sale and other strategic options for its organic dairy business, which includes Horizon Organic and Wallaby.
- Michroma, a precision fermentation ingredient food startup, announced that is raised $6.4 million in its seed round. The company plans to use the funds for commercialization of its natural colorants and research and development.
- Dole announced that it will sell its fresh vegetable business to a subsidiary of Chiquita for $293 million in cash.
CPG Corporate Venture and Private Equity Fund
This week's featured CPG Corporate Venture and Private Equity Fund is Capital Kitchens.
- Capital Kitchens is a shared-use commercial kitchen rental, culinary incubator, and mobile food commissary based in Texas. It creates a nurturing atmosphere for startups mixed with experienced food vendors. Capital Kitchens was named as one of the top 10 Mission Driven Incubator Kitchens in the country by Foodboro.
- Capital Kitchens specialize in the following sectors:
- CPG food & beverage manufactures
- Artisan food & beverage
- Mobile food trucks & trailers
- Caterers, Personal Chefs, Bakers, and more
- Capital Kitchens has helped over 300 consumer package goods (CPG) companies, food manufacturers, caterers, chefs, and food truck businesses succeed since 2012. Examples include:
- Credo Foods
- Simmering Soup Co
- Maple & Merit
- Sezi
- Steamm Espresso
