Food Venture Financing News - Weekly Issue No. 179

Davis Wright Tremaine LLP

Davis Wright Tremaine LLP

In This Issue:

  • Food Venture Financing Trends
  • CPG Corporate Venture and Private Equity Funds

  • Heura, a Spanish plant-based meat foodtech startup, announced that it raised 40 million Euros in its Series B financing.
  • ProducePay, an agtech startup, announced that it raised $38 million in its Series D round.
  • Aquaconnect, an Indian aquaculture platform startup, announced that it raised $4 million in its pre-Series B round, which was led by S2G Ventures.
  • Whole Earth Brands, the producer of Equal and Wholesome Sweetners, announced that it plans to go private in a deal to sell the business to an affiliate of Sababa for $4.875 per share.

CPG Corporate Venture and Private Equity Fund

This week's featured corporate venture and private equity fund is Rutger's Food Innovation Center.

  • The Food Innovation Center at Rutgers University is a unique food business incubator and accelerator that is a unit of the Rutgers New Jersey Agricultural Experiment Station (NJAES). The Center supports established early stage entrepreneurs and existing food companies from concept to commercialization.
  • Rutger's Food Innovation Center provides business, marketing, food safety, product design and scale up expertise within FDA and USDA certified facilities to help companies successfully build and grow their business.
  • Some of its clients include the following:
  • Impossible Foods
  • Simply Good Jars
  • Angel Planet
  • Jalma Farms
  • Sundial Foods

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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