In This Issue:
Food Venture Financing Trends
- Unilever announced that it plans to acquire Yasso, a low-calorie frozen yogurt brand, for an undisclosed amount.
- Hungry, a foodtech marketplace that connects chefs with clients for catering services, announced that it raised $10 million in its Series C round resulting in a company valuation of $270 million.
- Jay & Joy, an organic plant-based foodtech company, announced that it raised 2 million Euros in its seed round.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is PINC Group.
- PINC is Paulig's (a Finland-based, family-owned food and beverage company) venture arm for early stage investments in the future of food.
- PINC's primary investment focus includes the following:
- Pre-seed & seed
- Scalable to 10-50+ MEUR within 5-10 years
- Nordics but open to Europe
- High degree of innovation in Taste, Health, Sustainability or Availability
- Lead or co-invest
- PINC's portfolio includes the following:
- WNWN Food Labs – producer of the world’s first cocoa-free alternative to chocolate
- EvodiaBio – bio-industrial company that reinvents production of natural aromas
- Melt & Marble - next generation of plant-based fat
- Willicroft – plant-based cheese company
- Carrot Kitchen - mobile cooking buddy for kids
- Mirai Foods - second generation of cellular meat
- Kaffe Bueno - upcycling of coffee waste into high value ingredients
[View source.]
