In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Tapatio hot sauce is being acquired by private equity firm Highlander Partners for an undisclosed amount.
- B&G Foods purchases Del Monte Foods' broth brands for $110 million.
- Mission Produce buys avocado rival Calavo in a cash-and-stock transaction valued at $430 million.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is 1st Course Capital.
- 1st Course Capital ("1CC") is an early stage venture capital firm that invests in innovative business models and technologies that change "how we grow, produce, and distribute food."
- The portfolio companies include the following:
- BlueCart: Powering B2B e-commerce solutions for the foodservice industry
- Bobbie: Infant formula produced using clean and transparent ingredients
- Ellement: Personalized prenatal supplements and customized support
- AgriDigital: Commodity trading platform remaking the supply chain for improved traceability and margins for farmers
- Dispatch Goods: Reverse logistics company offering re-usable packaging for restaurant delivery and takeout
- Maev: Building the future of dog care
[View source.]
