In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- The Protein Brewery raised $35.6M in its Series B round to scale its fungi-based food ingredients platform.
- Finally Foods, a molecular farming startup, raises $1.2M.
- NxtFood, a French startup, raised $58M to scale its alternative meat platform.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Thai Union Group.
- Founded in 1977, Thai Union has dedicated itself to mastering the seafood value chain, from the initial sourcing of raw seafood materials to the processing and manufacturing of finished products. It has 14 production facilities that are spread across 11 countries in North America, Europe, Africa, and Asia.
- In 2016, Thai Union launched its SeaChange 2030 global sustainability strategy. This sustainability initiative focuses on enhancing seafood traceability and reducing greenhouse gas emissions, advancing ethical labeling standards, and supporting communities impacted by natural disasters and the pandemic.
- Some of its portfolio companies include the following:
- Genova
- Chicken of the Sea
- John West
- Sealect
- Fisho
[View source.]
