In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- Rebel Foods, an India-based cloud kitchen startup, announced that it raised $25 million from Qatar Investment Authority.
- UbiQD, an agtech startup, raised $20 million in its Series B financing.
- Good Monk, an India-based DTC nutrition startup, announced that it secured $2 million in pre-Series A funding.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Minerva Foods.
- Minerva Foods is one of the leaders in the production and sale of fresh beef and its byproducts, live cattle exports and beef processing in South America South America. Besides Brazil, Minerva Foods has productive units in Argentina, Paraguay, Colombia and Uruguay.
- Some of the highly recognized Minerva Foods brands include:
- Estância 92, a Brazilian brand
- Minerva Angus, a Brazilian brand
- Frigomerc, a Paraguayan brand
- Cabaña Las Lilas, an Argentine brand
- Pul, an Uruguayan brand
- Minerva Foods in Brazil rolled out a venture-capital fund called MF92 in August 2020.
- MF92 made its first investment of $4 million in San-Francisco based Clara Foods, a maker of plant-based protein ingredients for food and beverage products.
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