In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
- Links to Relevant Content and Events
Food Venture Financing Trends
- Deliveristo, an Italian food delivery startup, announced that it raised 7 million Euros in funding. The company plans to use the funds to expand its presence in Europe.
- Del Monte Foods announced that it acquired Kitchen Basis, a food company that creates ready-to-use stocks sand broths, for an undisclosed sum.
- PepsiCo announced that it will invest $550 million in Celsius Holdings, an energy drink company. Along with the investment, PepsiCo will appoint a member to the company's Board of Directors.
CPG Corporate Venture and Private Equity Funds
This week's featured CPG Corporate Venture and Private Equity Fund is La Cocina.
- La Cocina is a kitchen incubator based in San Francisco. It supports businesses by providing an affordable commercial kitchen space, industry-specific technical assistance and access to market opportunities.
- La Cocina's incubator program focuses primarily on providing resources to women from communities of color and immigrant communities who are launching, growing and formalizing food businesses.
- Since 2005, La Cocina has focused, exclusively, on the project of small business incubation, with a vision to increase inclusivity in the food industry and offer equitable opportunity for living-wage work and asset generation.
- Here is the link to La Cocina's Incubator Program: How the Program Works — La Cocina (lacocinasf.org)
- This VC fund has established a successful track record investing in some of the most innovative and fastest-growing early stage food and beverage companies.
Links to Relevant Content and Events
ARTICLES
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