In This Issue:
- Food Venture Financing Trends
- CPG Corporate Venture and Private Equity Funds
Food Venture Financing Trends
- NextFoods announced that it raised $10 million in a Series 3 round.
- Smithfield Foods announced that it has agreed to acquire Nathan's Famous for $450 million.
- Octarine Bio announced that it closed its €12.8 million Series A round.
CPG Corporate Venture and Private Equity Fund
This week's featured corporate venture and private equity fund is Pascual Innoventures.
- Pascual Innoventures is an innovation arm of Pascual, one of the largest Spanish food and beverage corporations. It creates alliances with startups that share the same philosophy: anticipating global food needs and giving back to society.
- Pascual Innoventures launched the first global incubation program for cellular agriculture technologies in the dairy industry called "Mylkcubator."
- The Mylkcubator 2.0 Program aims to support highly innovative startups specializing in the transformation of the food value chain using cellular agriculture for the production of dairy, egg, coffee, lipids, and cocoa alternatives, and sodium and sweetener replacements.
- Each year, the most disrupting startups are chosen to join a six-month hybrid incubation program. Once selected, the participants will be able to test their products. The program details are available at mylkcubator.com.
- The portfolio companies include:
- Ergo Bioscience
- Zero Cow Factory
- DeNovo Foodlabs
[View source.]
