Food Venture Financing News - Weekly Issue No. 113

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In This Issue:

  • Food Venture Financing Trends
  • CPG Corporate Venture and Private Equity Funds
  • Links to Relevant Content and Events

Food Venture Financing Trends

  • Meati Foods, a fungi-based alternative meat company, announced that it raised $150 million in its Series C round. The company plans to use a portion of the funds to open a new production facility that will expand its footprint nationally.
  • Cargill and Continental Grain Company purchased Sanderson Farms for $4.53 billion. The parties plan to combine Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, to create a new poultry business.
  • Hivery, an SAAS-based AI tool that assists brick-and-mortar stores and CPG manufacturers with optimization product placement, announced that it raised $30 million in its Series B round. The round was led by Tiger Global.

CPG Corporate Venture and Private Equity Funds

This week's featured CPG Corporate Venture and Private Equity Fund is Farm2050.

  • Farm 2050 was co-founded by Innovation Endeavors and Finistere Ventures in California. Farm2050 is a collective of diverse partners - a complete ecosystem. It is committed to advancing the future of food through supporting AgTech entrepreneurs and startups.
  • 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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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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