In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Celsius has announced that it is purchasing Alani Nu, an energy drink brand, for $1.8 billion in cash and stock.
- Actual Veggies, a frozen veggie burger startup, raised $7 million in its Series A round.
- Vivici, an alternative protein startup that produces dairy proteins; raised 32.5 million Euros in its Series A round.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is McCain Foods.
- McCain Foods, based in Toronto, Canada, is the world's largest manufacturer of frozen potato products. Its product line also includes appetizers, vegetables and desserts that can be found in restaurants and retail stores in more than 160 countries around the world.
- McCain Foods has a significant food production network with a total of 49 production facilities in Canada (7), USA (9), Latin America (4), Europe (20 - 5 of which are in the UK), South Africa (2), Australia and New Zealand (5), India (1), and China (1).
- Some of its foodservice and retail brands include the following:
- Pickers
- Brew City
- Welten Snacks
- Moore's
- Hebro
- Mora
[View source.]
